May 2023

1st May 2023

30 May 2023
Nigeria’s new president will lean on Lagos loyalists ahead of difficult era
Nigeria’s new president Bola Tinubu looks set to appoint trusted lieutenants connected to the political scene in Lagos to key posts, handing power to technocrats and officials credited with revitalizing the country’s economic powerhouse…

29 May 2023
Financial Times
Economy and insecurity top agenda for Nigeria’s new president
Bola Tinubu will on Monday be inaugurated as Nigeria’s new president, inheriting a bulging in-tray that includes fixing a stagnant economy and tackling the insecurity that blights Africa’s most populous country…

Le Monde
Au Nigeria, Bola Tinubu, un businessman à la tête d’un pays en difficulté
Trois mois après les élections générales contestées du 25 février, Bola Ahmed Tinubu succède officiellement à Muhammadu Buhari à la présidence du Nigeria ce lundi 29 mai…

Nigeria: Bola Tinubu officiellement investi président d’un pays divisé
Bola Ahmed Tinubu a prêté serment ce lundi 29 mai à Abuja pour devenir officiellement le nouveau président du Nigeria, le pays le plus peuplé d’Afrique empêtré dans le marasme économique et une grave insécurité….

Nigeria’s Tinubu sworn in as president, bringing hopes of economic prosperity
Nigeria’s Bola Tinubu was sworn in as President Monday in the capital Abuja. The 71-year-old former Lagos governor and multi-millionaire businessman faces enormous challenges…

The Sun Nigeria
Nigerian migrants and positive influence on UK
That Nigerians currently migrating to the UK via the study route and those who had migrated in the past are not liabilities on the economy of the United Kingdom. That a master’s student relocating with their dependent family bring an average of £25,000 to the country which helps rejuvenate UK struggling economy…

Governance agenda for the new administration
Every election in any country is unique in its own way and comes with its own twist and lessons for students of history to learn from…

28 May 2023
In Nigeria’s hard-hit north, families seek justice as armed groups seek control
Christian Jonathan’s mother was holding the 9-month-old boy in her arms when she was shot dead during an attack on their village in northwestern Nigeria…

Foundation for Investigative Journalism
SCORECARD: The Chibok Girls Under President Buhari’s Administration
This is a scorecard on President Muhammadu Buhari’s administration and its handling of the abducted Chibok schoolgirls. This scorecard is based on six key indicators drawn from campaign promises, commitments, and the duty of the government based on Section 14(2)(b) of Nigeria’s 1999 Constitution…

Prime Business Africa
What Is In Buhari’s Handover Note?
The speech has been written, and the outgoing president and Commander-in-Chief of the Armed Forces, Federal Republic of Nigeria, Muhammadu Buhari, is set to tell Nigerians about his eight-year stewardship…

27 May 2023
Inkstick Media
Black Sea grain initiative is renewed but is Africa secured?
The day is Wednesday, May 17, 2023, and DSM Capella, the last Ship carrying about 30,000 tons of corn has just departed the port of Chornomorsk in Ukraine. As it sails towards the shores of Turkey, tension hangs in the air — will it really be the last one?..

26 May 2023
Africa News
Nigeria: insecurity, burning file of the new president Tinubu
The resurgence of massive attacks by criminal and jihadist groups in Nigeria, a time slowed down during the electoral period, is a cruel reminder of the immense challenges that await the new President Bola Tinubu as of Monday at the head of the most populous country in Africa…

Huge security challenges await Nigeria’s new president
Barely a week goes by in Africa’s most populous nation without attacks or kidnappings by criminals known as “bandits” in the northwest and centre, jihadists in the northeast or separatists in the southeast…

Over 66,000 dependants accompanied Nigerian UK students in one year – Report
Data from the Home Office of the United Kingdom on Thursday revealed that 66,796 dependant visas were issued to families of Nigerian students who obtained study visas from March 2022 to March 2023…

25 May 2023
Financial Times
Nigerian businesses overcome woes to lead FT-Statista ranking
From fledgling start-ups to established powerhouses, Nigerian businesses dominate the second edition of the FT-Statista 2023 annual ranking of Africa’s fastest-growing companies. Six of the top 20 companies on the list are from Nigeria, with their operations ranging from financial services to real estate and retail…

Uncertainty As Cash Crunch Slows GDP Growth To 2.31% In Q1
The Nigerian economy grew at a slower pace in the first quarter of 2023 as the cash crunch, which attended the country in the first three months in the wake of currency redesign, impacted business activities…

Japa: 66,796 dependants accompanied Nigerian students to UK in one year
Data from the Home Office of the United Kingdom on Thursday revealed that 66,796 dependant visas were issued to families of Nigerian students who obtained study visas from March 2022 to March 2023…

The Cable
A response to Tiamiyu Emdee’s BBC interview: Nigerians love postgraduate education
The UK has announced that from January 2024, most postgraduate students will not be allowed to bring their families to the UK. The update also means that from January 2024, students can’t switch their visas until they complete the course. Previously, students come in, and some immediately switch to healthcare visas…

ActionAid Decries Surge in Insecurity, Tasks Govt to Do More
ActionAid Nigeria has expressed worries over the surge in insecurity in the country after the end of the election, insisting that government at all levels must wake up to their primary responsibility of protecting the lives and properties of her citizenry…

Japa: Six implications of UK visa restrictions on Nigerian students bringing families
The British government has banned foreign students including Nigerians from bringing family members to the country as a part of the new plan to cut immigration numbers…

24 May 2023
Nigeria Set to Hike Rates as Gas Subsidy Seen Ending
The Central Bank of Nigeria is expected to raise interest rates for a seventh consecutive meeting on Wednesday, seeking to curb stubbornly high inflation that will likely stay elevated due to the planned scrapping of a costly fuel subsidy…

Despite naira crunch, 85% of Nigerians still trust banks – Survey
Despite the scarcity of the naira notes which occurred in the first quarter of 2023, the majority of Nigerians still have confidence in the country’s financial system, a new report has said…

Economy slows as naira crunch erases oil gains
Nigeria’s economy grew at a slower pace in the first quarter of 2023 as the naira scarcity caused by the currency redesign policy of the Central Bank of Nigeria offset the gains from increased crude oil production in the country…

Nigeria’s manufacturing sector growth hits 3-yr low in Q1
Nigeria’s manufacturing sector growth has slowed to the lowest in three years on account of a cash shortage that crippled the economy during the period…

Premium Times
Why coup is near impossible in today’s Nigeria – Geoffrey Onyeama
Although Nigeria has had many military coups since its independence in 1960, it is unlikely to experience such an unconstitutional change of government in the near future, foreign minister Geoffrey Onyeama said…

ActionAid tasks government over rising insecurity
Following the several reports of abductions and killings across the country, ActionAid Nigeria has called on the government at all levels to rise up to its responsibilities of protecting lives and properties and tackling insecurity in the country…

Teaching African Languages in Moscow Schools, Other Projects Discussed at Sputnik Roundtable
The Sputnik international news agency and radio held a roundtable, Russia – Africa: Prospects for Economic Cooperation…

Tackle insecurity with iron fist, Nigeria’s unsafe, ActionAid tells FG
International non-profit organisation, ActionAid Nigeria, AAN, yesterday asked the federal government to tackle insecurity with iron fist, saying Nigeria was now unsafe for human existence…

23 May 2023
Al Jazeera
How inflation made West Africa’s prized jollof rice a pricey meal
For Nashirata* (last name withheld), breadwinner for her husband and three children, jollof rice, the beloved West African staple dish, is often a lifesaver…

UK stops Nigerian students, others from coming over with families
The United Kingdom (UK) has announced new reforms that will restrict the number of dependant visas for international students from Nigeria and other countries due to an increase in net migration…

Foundation For Investigative Journalism
Expensive Equipment, No Doctor. Multi-Million Naira Nigerian Army Hospital Wastes Away in Osun
Five months ago, Muideen, a commercial motorcycle rider, rushed a young boy to the TYB Hospital, Asamu, a town in the Ola-Oluwa Local Government Area in Osun State, for emergency medical attention.

Buhari’s fragile pieces: More hardware, less safety (1)
And if there is one sector that reflects in bold and gory images the success or failure of the outgoing government of President Muhammadu Buhari, it is that of security – an area he was touted to have the magic wand to conquer all challenges, being a former Head of State and retired general of the Nigerian Army…

Le Monde
Au Nigeria, le groupe du milliardaire Aliko Dangote inaugure une méga-raffinerie
A une semaine de la fin de son mandat, le président sortant du Nigeria s’est offert lundi 22 mai une cérémonie en grande pompe pour l’inauguration de la méga-raffinerie du groupe Dangote, dans la zone franche de Lekki, en grande périphérie de Lagos, la capitale économique du pays…

‘Ellu P’ Power: A New Potential for Nigerian Opposition Politics
It may not be wrong to feel disappointed by Nigeria’s 2023 elections. Despite N305 billion reportedly being spent on the most eagerly anticipated political event in Nigeria’s recent history, the aftermath of the 2023 general elections has seen widespread dissatisfaction…

22 May 2023
Nigeria’s outgoing president opens major oil plant
Nigeria’s President Muhammadu Buhari on Monday commissioned an oil plant billed as Africa’s largest oil refinery, after years of delays and a week before stepping down from office…

Japa: 128,770 Nigerian students move to UK in seven years
In search of better education and quality of life, a total of 128,770 Nigerian students enrolled in universities in the United Kingdom between 2015 to the end of 2022, analysis of the data obtained from the Higher Education Statistics Agency of the UK has revealed…

Ventures Africa
Weekly Economic Index: ghana’s $3 billion loan, Nigeria’s hydropower project, and more layoffs
On Wednesday, the International Monetary Fund (IMF) announced that it has approved a three-year extended credit facility of $3 billion for Ghana. This approval allows for an immediate disbursement of approximately $600 million…

UK Family Visa Ban: How is the UK About to Ruin “Japa” Plans?
The phrase “good things don’t last forever” seems to be the new reality for Nigerians aspiring to relocate to the United Kingdom (UK). Once a popular travel destination for the Nigerian “japa” dream, it is slowly dropping off the ‘wannabe list’…

21 May 2023
Daily Post
From Spaghetti to Egg – How Buhari govt changed Nigerians’ dining tables, kitchens in 8 years
In less than 10 days, barring no judicial intervention, President Muhammadu Buhari will hand over to Bola Tinubu, after 8 years in the saddle. He promised to change the country— in the kitchens and on dining tables, Buhari’s changes have been felt…

ICIR Nigeria
Key issues on insecurity in Buhari’s eight years of administration
When Muhammadu Buhari was sworn into office as President of Nigeria on May 29 2015, he reiterated his campaign promises that his administration would concentrate on the economy, fight corruption, and tackle security…

57% Nigerian businesses suffer fraud during naira scarcity
About 56.52 per cent of businesses suffered fraud and theft during the cash scarcity caused by the naira redesign policy of the Central Bank of Nigeria. This was according to a report by SBM Intelligence, titled ‘Strapped: Impact of the Cash Scarcity on Individuals and Businesses’…

20 May 2023
Premium Times
ECONOMY 360: It’s the Sapa-inducing food inflation, stupid!
Thirty-one years ago, Democratic political strategist James Carville created the buzz around Bill Clinton’s presidential campaign with the mantra, “It’s the economy, stupid…”

19 May 2023
84.5% of Nigerians negatively affected by CBN’s Naira redesign policy, with youths bearing the brunt- SBM report
An outstanding 84.5% of Nigerians were negatively affected by the Central Bank of Nigeria’s Naira redesign policy. This was according to the report of a survey conducted by Africa-focused geopolitical research and strategic communications consulting firm, SB Morgen…

18 May 2023
Africa Report
Emefiele’s cashless policy aggravates Nigeria’s food security
The Central Bank of Nigeria’s ill-advised cashless policy left many farmers in the rural areas scratching their heads over how to pay labourers during the planting season, a situation that could further worsen the country’s expected food shortage this year…

At least 80 people were killed in an attack in northern Nigeria. Police arrested 7 suspects
The death toll from an attack by dozens of gunmen in north central Nigeria’s Plateau state has reached 80, local authorities said Thursday, with survivors still searching for bodies days after the incident…

Hudson Institute
Understanding the “Unknown Gunmen” Who Attacked a US Convoy in Nigeria
On May 16, gunmen attacked an advance convoy of the United States mission in Nigeria as it traveled through a rural part of Anambra state in the country’s southeast…

17 May 2023
Arise News
Naira Redesign Cash Scarcity Negatively Impacted Nigeria – SBM Intelligence
Kelechukwu Ogu, a visually impaired Analyst at SBM Intelligence, spoke to the Global Business Report about the labour force for People with disabilities in Nigeria. He also discussed the SBM Intelligence report on the Naira redesign and cash scarcity…

Business Insider
CBN urged to rethink cashless policy as 76% of Nigerian businesses feel the impact
Over three-quarters of businesses in Nigeria were impacted by a cash shortage earlier this year, according to a report by Africa-focused geopolitical research and strategic communications consulting firm, SBM Intelligence…

SBM Intelligence Report Reveals 84.51% of Nigerians Were Affected by The CBN Naira Redesign Policy
A recent report by research firm SBM Intelligence revealed that 84.51% of Nigerians were affected by the Central Bank’s naira redesign policy which led to a cash crunch in the country…

Buhari Presidency 2015-2023: 8 years of Buhari: Children’s fate in the face of harsh economic realities
In the run up to the 2015 general elections, President Muhammadu Buhari, in his bid to become the 15th Commander in Chief of Nigeria’s armed forces and head of government, had during his campaigns, alongside his party, the All Progressives Congress (APC), made several promises which constituted the APC Manifesto and was also part of other campaign documents and messages…

16 May 2023
African Business
Is Nigeria heading for default?
With borrowings outpacing revenues, and expenditure exploding under the outgoing presidency of Muhammadu Buhari, economists, analysts, and former central bank governors are suggesting that Nigeria, Africa’s biggest economy, might be heading towards default…

The Buhari Legacy Series: Inflation shrunk naira’s buying power under Buhari
Itohan Iyoha, a 45-year-old teacher, was among the millions of Nigerians who thronged the streets to celebrate the victory of Muhammadu Buhari in 2015, when he was declared the winner of the presidential election…

76% of business owners say naira crunch impacted operations – SBM
The scarcity of naira notes in Africa’s biggest economy impacted more than three quarter of businesses, a new report shows…

The Cable
37% of Nigerian businesses cut jobs or reduced working hours due to cash scarcity
About 36.96 percent of Nigerian businesses had to lay off staff or reduce working hours to weather the cash shortage caused by the naira redesign policy, according to a new report by SB Morgen (SBM) Intelligence…

ICIR Nigeria
Road crashes claim over 40,000 lives annually — FRSC
About 40,000 people die annually from road crashes in Nigeria, according to the Federal Road Safety Corps (FRSC)…

36.96% of Nigerian businesses forced to lay off staff due to naira scarcity – SBM
A staggering 36.96% of Nigerian businesses have been forced to lay off employees due to cash shortages and constraints resulting from the Central Bank of Nigeria’s (CBN) Naira Redesign policy of 2023, as revealed in a report by socioeconomic research firm SBM Intelligence…

84.51% of Nigerians affected negatively by naira scarcity
A report by socioeconomic research firm SBM Intelligence has revealed that 84.51% of Nigerians were negatively affected by the Naira redesign policy of the Central Bank of Nigeria and the Federal Government…

Peoples Gazette
SCORECARD: How eight years of chronic looting, political greed sank Buhari’s pledge to tackle Nigeria’s corruption
On May 29, Muhammadu Buhari’s tenure as president of Nigeria would come to an end, having served two terms leading Africa’s most populous country…

CBN-induced cash scarcity negatively affected 84.51% Nigerians
According to a research firm, SBM Intelligence, 84.51% of Nigerians were negatively hit by the Naira redesign policy of the Central Bank of Nigeria (CBN) which made access to cash extremely difficult…

15 May 2023
How many Nigerians need to die under Buhari?
A recent data published by SBM Intelligence revealed that 2,047 deaths were recorded in Nigeria in the first quarter (Q1) of 2023…

14 May 2023
Have you prepared your will?
Babarinsa took a swig from his glass of whiskey, stood up from his chair, stretched out and beckoned on his friend Adisa to see him off after a long visit. He then said: “I will be going to my lawyer tomorrow to start the procedure of writing my Will. Will you like to accompany me?..”

12 May 2023
The Buhari Legacy Series: Economic scorecard – Obasanjo, Jonathan outperform Buhari
“I’ll allow Nigerians to say it. I hope they’ll be fair to me. I want them to analyse how things were when we came in and how they are when we’re leaving.” President Muhammadu Buhari uttered those words last year when quizzed about his legacy…

10 May 2023
Tackling menace of cultism, gangsterism in Rivers State
Rivers State is gradually becoming a paradise for cultists, and it is most repulsive. A garden city turning into a den of atrocities is a tragic phenomenon that can have devastating consequences for the citizens of Rivers in particular and Nigeria in general…

8 May 2023
Watch confession of the most violent cult group in Port Harcourt, young, daring, fearless
More than 100 cult groups in Rivers are fueling violence which has led to the loss of numerous lives, according to a report by SB Morgen (SBM) Intelligence…

Report: African Immigrants in UK Struggling to Pay Bills as Cost of Living Crisis Worsens
The rising cost of living crisis in the United Kingdom is seriously impacting the African diasporan community, a new report released by BHM UK, an African communications services company, has found…

7 May 2023
Catalogue of killings under a General
To become a general in the Nigerian Army, one must meet certain requirements which include: being a commissioned officer in the Nigerian Army, having a minimum of 20 years of military service, a minimum of 35 years of age and a maximum of 50 years of age, etc…

5 May 2023
Al Jazeera
Joy, rebuke for Nigeria’s Tiwa Savage over Charles’ coronation
When Abisoye Raji saw an Instagram post that Nigerian singer Tiwa Savage would be performing at the coronation of Prince Charles at Westminster Abbey on May 6, she could not contain her excitement…

4 May 2023
The Sudan crisis and lessons for Nigeria
Last week, I traced the history of the current conflict in Sudan to the Janjaweed genocide in Darfur between 2003 and 2005 and the coup-proofing measure of the now-ousted leader, Omar al-Bashir, who formalised the militia, christening it the Rapid Support Forces (RSF) and setting it up as a counterweight to the Sudanese military…

ICIR Nigeria
How unchecked movement into Nigeria can affect census
The scores of uncontrolled borders in Nigeria are hindering efforts to curb insecurity within the country, where more than 35,000 people have died due to terrorism. Out of about 1500 borders across the country, only 86 are legal and under government supervision, while more than 1400 others are ‘illegal’ and poorly protected…

African immigrants struggle to pay bills in UK as inflation soars
A new report has revealed that African immigrants in the United Kingdom are struggling to pay bills as they are most affected by the persistent rising cost of living crisis…

3 May 2023
Implications As Jollof Rice Index Rises 10% In Seven Months
SBM Intelligence’s Head of Research, Ikemesit Effiong discussed food inflation in Ghana and Nigeria and the latest Jollof Index report…

792 abducted in first quarter
Globally, Nigeria has been regarded as one of the high-risk countries for an expatriate to work due to the spate of kidnapping incidents…

1 May 2023
ICIR Nigeria
Four years after, Nigeria E-border surveillance project remains incomplete
In 2019, the Federal Executive Council (FEC) approved ₦52 billion to purchase E-border surveillance systems for the country. The project was part of efforts to ensure effective monitoring of the nation’s borders through technology. Once fully implemented, the system would monitor and provide real-time information from major border posts in the country…