April 2023

27 April 2023
BusinessDay
Cost of jollof rice surge 10% in seven months – Report
The average cost of preparing a pot of jollof rice for a Nigerian family of five has risen by 9.73 percent over the past seven months, according to a new Jollof Index report…

26 April 2023
BusinessDay
Jungle justice, human rights violations and institutions: The nexus
According to a survey conducted in 2014 by NOI Polls, 43% of Nigerians had personally witnessed a mob attack. According to SB Morgen’s report, 279 mob justice incidents happened, leading to the death of at least 391 individuals between 2019 and May 2022, of which 223 of the cases happened in the South while the remaining 168 occurred in the Northern part of the country…

25 April 2023
BusinessDay
Nigeria’s unemployment figure seen dropping on NBS’ new methodology
The updated methodology for Nigeria’s labour force survey by the National Bureau of Statistics (NBS) could reduce the country’s unemployment figure for the fourth quarter of 2022, analysts have said…

Concerns as ₦30bn Abuja-Kaduna rail security project omits other stations
The allocation of ₦30 billion by the Federal Government in the 2023 Appropriations Bill for the installation of surveillance systems along the Abuja-Kaduna rail line has provoked fresh concerns among transport experts…

CNBC Africa
Why is West African jollof so expensive?
Kelechi Ogu, Research Analyst at SBM Intelligence, joins CNBC Africa to unpack why the cooking price of West Africa’s most sought-after meal is fast eroding households…

24 April 2023
Premium Times
Cost of preparing Jollof rice up by 9.73% amid insecurity, cash crunch
The cost of preparing a pot of jollof rice, a popular delicacy among Nigerians, rose from ₦9,917 to ₦10,882 from September 2022 to March 2023, a report has said…

22 April 2023
BusinessDay
Nigeria’s March inflation beats analysts’ expectations
Nigeria’s headline inflation rose for the third straight month in March, largely driven by higher food and non-alcoholic beverages costs…

21 April 2023
My Africa Magazine
Can Nigeria hold elections without violence?
On the morning of February 25, Ms. Jennifer Efidi stood in line to vote at her polling station on Dele Olubi Street, Surulere, Lagos, Nigeria. Out of the blue, violence erupted, and she ended up at a hospital after suffering a devastating blunt-force blow to her face…

20 April 2023
Arise
Questions Surround Nigeria’s Multi-Billion Cassava Biomass Project
Kelvin Emmanuel, CEO, Dairy Hills Ltd, spoke to the Global Business Report about Nigeria’s multi-billion Naira Cassava biomass project. He also spoke about the cost of Jollof rice hitting a 7-year high under President Buhari…

Breitbart
China paying off Nigerian terrorists for access to minerals
The government of China denied on Tuesday details in a report accusing its companies of bribing Nigerian terrorists in exchange for safe access to mineral-rich territories in the African country…

BusinessDay
Jollof cost soars to 7-year high under Buhari
The average cost of preparing a pot of jollof rice for a Nigerian family of five has surged to the highest in almost seven years, according to a new Jollof Index report, reflecting the rising prices of everything from food to fuel in the country…

Legit
Jollof Cost Soars to a 7-Year High Under Buhari as Price of Local Rice Jumps 200 Per Cent
A recent report says that the average cost of preparing a pot of jollof rice for a family of five in Nigeria has surged to the highest in almost seven years. The Jollof Index by SBM Intelligence reflects the rising prices of things in the country, from food to fuel…

Nairametrics
Nigerian Jollof slightly costlier than Ghanaian jollof as average costs rises to ₦10,882
Nigerian Jollof is slightly more expensive than Ghanaian Jollof, however, using the official Nigerian exchange rate and a country-by-country price list of Chicken Republic shows that the price of Ghanaian Jollof is higher…

The Africa Report
Weakening naira, insecurity, poor policies… Why Nigeria’s FDI declining
Nigeria’s foreign investment plunged from $6.7bn in 2021 to $5.3bn in the following year, recording a nearly 21% year-on-year drop, according to a recent report by the National Bureau of Statistics (NBS)…

The Cable
Food prices surged by 9.7% in seven months over naira redesign, poor climate
The prices of foodstuffs used in preparing jollof rice increased by 9.7 percent between September 2022 and March 2023. This is contained in SB Morgen’s (SBM) latest report, titled, ‘The SBM Jollof Index: Remaining Within a Vicious Cycle…

The Nation
Nigeria: A lesson in how not to manage a country
Undoubtedly, Nigeria, Africa’s most populous democracy and economy, faces great challenges, and indeed a race against time to be considered a developed nation…

The Sun Nigeria
Has Nigeria become a dumping ground?
Undoubtedly, Nigeria, Africa’s most populous democracy and economy, faces great challenges, and indeed a race against time to be considered a developed nation…

Vanguard
2023 Polls: How violence became a factor
Though the 2023 general elections have come and gone, the violence and deaths that rocked the exercises will continue to reverberate around the national discourse…

19 April 2023
GhanaWeb
Suspects arrested for allegedly trying to kidnap Tiwa Savage
Authorities in Nigeria announced they have arrested some suspects for their alleged involvement in a kidnap attempt on award-winning afrobeats musician Tiwa Savage…

18 April 2023
Nation
China battles to extricate self from claims of terrorism sponsorship in Nigeria
Jolted by the report that it is championing terrorism in Nigeria, the People’s Republic of China says “it is not and will never be involved in funding terrorism”…

17 April 2023
The New Humanitarian
Why oil is a humanitarian issue for Nigeria’s new president
High on the list of priorities for Nigerian President-elect Bola Tinubu is how to revive Nigeria’s troubled oil industry – the source of so much of the country’s wealth, but also a curse that has poisoned the environment, triggered violent unrest, and is now the subject of several lawsuits…

16 April 2023
Punch
Nigeria should stop tolerating mob justice
The recent mob justice visited on a final-year student of civil engineering at the Obafemi Awolowo University, Ile-Ife, echoes Nigeria’s rapid descent into anarchy. Across the country, ‘jungle justice’ pops up so often, with citizens pouncing on other citizens on real, cooked up, or imaginary wrongs without the benefit of the established legal processes. The Ile-Ife atrocity and every other recent one should not go unpunished; the perpetrators must be apprehended swiftly and prosecuted to serve as a deterrent to mob justice…

15 April 2023
ICIR Nigeria
How Chinese are financing terrorists to illegally access mineral resources in Nigeria
A British national newspaper, The Times, has reported that Chinese nationals in the mining sector are financing terrorist groups in some parts of Nigeria to gain access to the country’s mineral resources…

The Times
Chinese ‘bribed Nigerian militants for access to vast mineral reserves’
Chinese mining bosses are funding Nigerian militant groups in order to secure access to the country’s mineral reserves, raising the prospect that Beijing could be indirectly funding terror in Africa’s largest economy…

13 April 2023
Punch
FG, security agencies careless over Benue massacres
Emboldened by Nigeria’s unrealistic single police structure and the suspicious ambivalence of the security agencies under the President, Major-General Muhammadu Buhari (retd.), Fulani herders are carving a bloody path through Benue State communities, leaving a trail of broken limbs, blood, and death…

10 April 2023
The Niche
Treasury rakes in ₦631b tax revenue from ICT
Information and Communications Technology (ICT) firms and consumers paid ₦631.09 billion tax to the federal treasury in 2022, as gleaned from National Bureau of Statistics (NBS) figures newly released…

6 April 2023
FIJ
REPORT: Nigeria Is a Cocaine Trafficking Hub
Nigeria is a significant hub for the trafficking of narcotic drugs and cocaine, the latest data analysis report by the United Nations Office on Drugs and Crime (UNODC) has revealed…

Zikoko
Is Nigeria the Cocaine Capital of Africa?
The UN Office on Drugs and Crime (UNODC) has released its Global Cocaine Report for 2023, which, without mincing words, is immensely worrying for Nigerians…

5 April 2023
Ripples Nigeria
Small businesses suffer, as govts fail to end sit-at-home in Nigeria’s South-East
It is a Thursday afternoon in December 2022 and the sun is scorching inside the popular Ogbete Market in Enugu State, South-East Nigeria, a day after Simon Ekpa, the self-acclaimed disciple of Nnamdi Kanu, leader of the Indigenous People of Biafra (IPOB), declared the completion of a five-day sit-at-home order- he described as “historic and successful” for Biafraland- in a video uploaded to YouTube on Wednesday night…

4 April 2023
BusinessDay
Buhari burnt ₦11.7trn on petrol subsidies, will his successor be different?
Prior to his emergence as president, Buhari, who had labeled subsidy a fraud, would have burned through ₦11.75 trillion of Nigeria’s cash funding the scheme by the end of his tenure, raising questions about the capacity of the next president to keep his word and end the practice…

3 April 2023
Nigerian Tribune
SVB, Signature Bank collapse: Should Nigerian, African tech startups be worried?
At a time the global economy seems to be recovering from the scourge of the coronavirus pandemic with financial institutions globally posting profits, it then comes as a rude shock that the 16th largest bank in the United States, popular for powering many African startups, could collapse…