May 2024
1st May 2024
31 May 2024
BusinessDay
Kimberley-Clark, five others dump Nigeria under Tinubu
Nigeria’s harsh business environment which has worsened by the removal of petrol subsidy and naira devaluation has forced six multinationals to exit the country in the last ten months. They are Kimberley-Clark, Procter & Gamble (P&G), GlaxoSmithKline Consumer (GSK) Nigeria, Equinor, Sanofi and Bolt Food…
News Central TV
South Africa’s Pivotal Election: Will The ANC Lose Majority for the First Time?
For the first time since Nelson Mandela’s historic victory in 1994, the ruling African National Congress (ANC) faces the real possibility of losing its majority. With public frustration at an all-time high, could this election reshape South Africa’s political landscape? Featuring insights from Ayotunde Abiodun of SBM Intelligence and Matthew Parks of COSATU, we dive into the significance of this crucial vote…
TechNext
Assessing President Tinubu’s Year 1 performance in tech: too many promises, too few impact
In a 2023 pre-election deep dive, we dissected President Bola Tinubu’s hefty 80-page policy manifesto and couldn’t help but think: on paper, the man seemed to have his act together. In the spirited opening gambit of the section dubbed “The Digital Economy: Taking Advantage of the Fourth Industrial Revolution”, Tinubu’s manifesto gracefully nods to the pivotal role of digital technologies and innovations in propelling economic prosperity and national advancement…
30 May 2024
The Whistler
Insecurity: 278 Soldiers, 122 Police Officers Among Over 9000 Nigerians Killed In Tinubu’s One Year In Office
With promises to address the welfare of frontline security agencies as contained in President Bola Tinubu’s manifesto, data has shown a worrisome situation of death among the nation’s security personnel with no fewer than 422 killed between June 2023 and April 2024…
29 May 2024
BusinessDay
Tinubu’s first year in nine charts
When President Bola Tinubu assumed office a year ago, the Nigerian economy was in tatters and in search of a new growth path. One year later, Tinubu has pushed through bold economic reforms that have delivered shock therapy for Nigerians…
DailyPost
One Year in Office: Mass atrocities, insecurity spike in Nigeria
As President Bola Ahmed Tinubu clocks one year in office, security remains a major concern for many Nigerians. According to available data, incidents of abduction, kidnapping, bandits’ attacks, Boko Haram invasions and mass killings persist…
The Guardian
Nigeria’s rushed reversion to old national anthem met with incredulity
Nigeria has reverted to a national anthem it dropped nearly 50 years ago after lawmakers replaced the current one, prompting widespread criticism over the lack of public consultation on the change. The country’s president, Bola Tinubu, confirmed the law on Wednesday, a day after it was approved by both chambers of Nigeria’s national assembly, which is dominated by the governing party…
News Central
The End of the Beginning: Analysis of the 2024 South African Elections
The 2024 South African elections is likely to be the most significant since the country’s transition to democracy in 1994. For the first time, the ruling African National Congress (ANC) is predicted to secure less than half the vote, a scenario-driven by declining voter turnout…
Punch
Tinubu’s first anniversary: Era of pain
A year into President Bola Tinubu’s tenure, the infectious optimism of liberty, economic progress, security, and well-being heralding his inauguration on May 29, 2023, has turned to dying embers. In the President’s first year, all Nigerians see is hopelessness, misery, privations, and pain…
Reuters
Nigeria switches national anthem in what sceptics label a distraction
Nigerian President Bola Tinubu on Wednesday signed a bill switching back to a national anthem composed by a British expatriate and adopted at independence, a move some dismissed as a cynical distraction from an escalating economic crisis…
Sun
Tinubu’s one year in office
It has been a mixed bag of fortunes since President Bola Tinubu assumed office on May 29, 2023. The President came with many promises encapsulated in his ‘Renewed Hope’ agenda. Though one year is insufficient to assess an administration, it can still throw light on what the rest of the years will look like. It is pertinent to note that this administration has recorded a few successes…
28 May 2024
Nairametrics
FG blames tomato scarcity, price increases across Nigeria on farm infestation
The Minister of Agriculture, Senator Abubakar Kyari, has said that a severe infestation of the tomato crop is the reason for the scarcity and elevated prices of the essential commodity in the country…
Memri
#BringBackOurGirls – A Decade After Chibok Girls Abduction By Jihadi Group Boko Haram, Whereabouts Of Around 100 Abductees Remain Unknown
Ten years ago, on April 14, 2014, the jihad group Boko Haram, which operates in Nigeria, kidnapped 276 schoolgirls, most of them Christian (18 were Muslims) and aged between 16 and 18 at that time, from their secondary school in the town of Chibok, Borno State, in the northeast of the country…
North Africa Post
Russia ‘gained upper hand’ in parts of Africa, as it holds talks on security with Bahrain, Uganda
Bahrain’s King has urged Moscow to play a role in peacekeeping in the Middle East, while also Uganda and the Comoros have have recently held discussions with Russia on security issues affecting Africa and the possibility of resolving conflicts in the region, reflecting Russia’s expanding influence on the continent…
Tribune
4416 killed, 4334 abducted under Tinubu — CSOs
As the present administration led by President Bola Tinubu marks its first year in office, about 82 local and international Civil Society Organizations (CSOs) have said that at least 4416 persons were killed in the past one year, while 4334 persons were abducted in incidents of mass atrocities across the country…
Tinubu’s One Year in Office: Will the hope be renewed?
From Olusegun Obasanjo to Musa Yar’adua, Goodluck Jonathan to Muhammadu Buhari, and now to Bola Tinubu, Nigeria has consistently represented a dim future of optimism, with its citizens persistently recounting the narratives of a better yesterday…
27 May 2024
AFP
Gunmen Kidnap 150 People In Central Nigeria
Gunmen attacked a remote village in central Nigeria, killing eight people and kidnapped about 150 more in the country’s latest mass abduction, officials told AFP on Monday. Large-scale kidnappings for ransom are common in Nigeria’s northwest and central states, where heavily armed gangs known locally as bandits often target remote villages…
AP
Nigeria’s battle against illegal mining of Lithium sparks arrests, exposes Chinese involvement
Nigeria’s government is cracking down on illegal mining, making dozens of arrests of unlicensed miners since April for allegedly stealing the country’s lithium, a critical mineral used in batteries for electric vehicles, smartphones and power systems…
BusinessDay
CBN’s rate hikes seen hurting economy in Q2
The jumbo interest rate hikes by the Central Bank of Nigeria (CBN) since February is expected to take a toll on economic growth in the second quarter, according to multiple economists and analysts…
Punch
Children’s Day: Nigeria must protect child rights
As Nigeria joins in the celebration of the 2024 Children’s Day, the government should prioritise the rights of children in the country. The day is a reminder that the country should continue to create a safe environment for children to evolve into resourceful, creative, and patriotic adults…
26 May 2024
Guardian
Sallah: Tomato prices surge over 100% to N150,000
Tomato prices have surged by over 100% in just the past month in Lagos and across other states. This sudden price increase is predicted to threaten the upcoming Eid El-Kabir celebrations, where jollof rice, a dish heavily reliant on tomatoes, is a staple…
Nairametrics
Seasonal fluctuations push price of fresh tomato basket to N150,000 in Lagos
Muslims gearing up for the Eid El-Kabir celebrations will need to reconsider their choice of delicacy as the price of fresh tomatoes in markets across Lagos has risen by over 100% in the month of May alone…
We stopped rubber farming last year due to insecurity in Nigeria – MD, Okomu Oil Palm
The Managing Director of Okomu Oil Palm Plc, Graham Hefer has said that the company’s rubber plantation was stopped in 2023 due to insecurity and attacks on the company’s facilities. He said this alongside other senior management of the company in an interview with the News Agency of Nigeria (NAN) on Saturday…
News Central TV
Nigerian’s Scorecard: I Would Rate Tinubu a 4/10 In His 1 Year In Office
Examining President Bola Tinubu’s first year in office, analyzing his key policies, including the removal of the fuel subsidy, naira devaluation, and economic reforms. Experts Cheta Nwanze (Partner, SBM Intelligence) and Segun Sopitan provide insights into how these changes have affected the economy, inflation rates, and the daily lives of Nigerians. Also discussed are the ongoing security challenges and the administration’s efforts to address them. Watch now to understand the full impact of Tinubu’s presidency on Nigeria and what the future holds…
Pulse
Nigerians are being left to suffer in prison, but people are working to fix the mess
When Oluyemi Orija was eight years old in Ekiti State where she grew up, the shocking murder of a farmer rocked her small community in ways she could never have imagined…
Punch
How killings, abductions plague Tinubu’s one year in office
As the blue skies folded up to welcome the dark clouds, 40 villagers in Zurak, a village in the Wase district of Plateau State were slaughtered by armed men on May 20, 2024. That Monday night, blood flowed and many families were left in mourning…
25 May 2024
Africa Report
Report: Nigeria’s local officials suffer highest number of attacks
Nigeria’s 2023 election served as a flashpoint for violence against local officials, election workers, and even voters. This is confirmed by a new report which named Nigeria as one of the world’s five most dangerous countries for local officials…
Pulse
What it means to be trapped awaiting trial in Nigeria’s prison system
Around midnight, in the early hours of April 29, 2015, Rasheed Adetunji, a 27-year-old disc jockey, was playing at a birthday party at Eleko Beach in the Lekki area of Lagos State. He’d played many such parties at the beach for a few years, but that night was different…
23 May 2024
Africa Confidential
Tinubu weighs politics vs competence
As he prepares to mark a year in office, President Bola Ahmed Tinubu has received a scorecard from his Political Advisor, Hadiza Bala Usman, which contains an evaluation of 45 ministers in his cabinet. And in heavily choreographed public hearings on 22 May, some of the most desperate ministers defended their records at a time of the worst economic hardship in the country for over 20 years…
BusinessDay
Nigeria’s PMI expansion signals stronger economic growth in Q1
Nigeria’s economic growth for the first three months of 2024 is projected to be stronger compared to the same period of last year on the back of the expansion in the monthly Purchasing Managers’ Index (PMI), analysts have said…
HumAngle
Lawless Sky: The Cost Of Nigeria’s Accidental Airstrikes
Badamasi Alma stood in the middle of the rubble with tears in his eyes and his teeth clenched as he looked at his wife, Aisha, drenched in the pool of her blood, gasping for breath. Her voice was slowly growing weaker before it finally fell to a drop. The military had just dropped a bomb on his village, Ido Ruwa, in Nigeria’s northwestern state of Zamfara, in an air raid targeting terrorists…
International Christian Concern
Catholic Priest Kidnapped in Nigeria
The Rev. Basil Gbuzuo, a well-respected Catholic priest in the Onitsha Diocese of Anambra State, was kidnapped by unknown gunmen on Wednesday, May 15. The incident occurred around 8 a.m. along the Eke Nkpor-Obosi bypass, near Onitsha in Anambra state, in southeastern Nigeria…
News Central TV
Edo State Politics: Court Expedites Hearing in Shaibu’s Impeachment Case
The Federal High Court in Abuja has expedited the hearing for former Deputy Governor Philip Shaibu’s lawsuit challenging his impeachment. Shaibu, impeached for allegedly leaking government secrets, will have his case heard on June 3, with new Deputy Governor Omobayo added as a defendant. This decision could have far-reaching implications for the political landscape in Edo State. Ikemesit Effiong, Partner and Head of Research at SBM Intelligence weighs in…
S&P Global
Belgium approves ban on low-quality fuel exports to West Africa
Belgium has approved new quality controls set to suspend the export of cheap, low-quality motor fuels from its ports to West Africa, the government confirmed May 23, in a move that could shift trade flows to alternative supply hubs…
22 May 2024
Brand Spur
Food Circulation, An Enigma To The Electorates In Nigeria As Food Inflation Rises To 40.53%
In Nigeria, for a common man to afford three square meals has become an enigma. Temidayo Ashafa, a bus driver in the Mile 2 area of Lagos, Nigeria, is an example of such a person. According to Ashafa, a father of four who has been struggling to provide for his family as the prices of stables skyrocket, “These days, you give thanks to God if you can afford two meals a day,” he said…
The Nation
Inflation and workers’ demand for fair wage
Nigeria finds itself at a critical juncture. The spectre of rampant inflation, currently hovering around a staggering 33.69 per cent, paints a bleak picture of economic stability. The current inflation reality of Nigerians is the more you look, the less you see. People are getting poorer every day, and the middle-class line is thinning…
21 May 2024
The Guardian
More control, less deniability: what next for Russia in Africa after Wagner?
On 3 May, as top US officials confirmed the presence of Russian security forces in the same airbase as American troops in Niger, a popular Telegram channel reportedly run by Moscow-based officials posted a message with an audio clip of the Soviet-era rock band Nautilus Pompilius’s 1985 cult song Goodbye America…
The Hope
Ijapa Meta: Nigerian culture of fake news,jungle justice
“Ijapa meta la ba ninu moto e ati posi kekere.( We found three tortoises and small- sized coffin in his car.”). The above were words of a young artisan, Lamidi Jeremiah who unapologetically testified in a viral video interview against late 25-year-old Tope Olorunfemi, who was killed by angry mob after he recklessly drove and killed a pedestrian in Akure and injured six, on the Easter Monday of year 2023…
Nairametrics
Average food prices jump by 100% in three years for rural Nigerians
The cost of living continues to escalate for rural Nigerians as the latest data from the National Bureau of Statistics (NBS) shows that the Rural Consumer Price Index (CPI) for food has nearly doubled over the past three years…
20 May 2024
BusinessDay
Food Insecurity: Experts see GMO as solution to Nigeria’s food crisis
With Nigeria’s growing food crisis, experts who spoke with BusinessDay see Genetically Modified foods (GMO) as the solution. They say the country’s food crisis can be solved if more GM foods are adopted into the food chain…
News Central TV
Nigeria Security Challenges: Urgent Call for Action
The current security situation across Nigeria is extremely complex and multifaceted, marked by a range of challenges that vary by region. The SB Morgen Intelligence in its West Africa Security and Political Economy Report attempts to launch a critical analysis of the root causes of these security breaches and what the government has done and has to do to abate the rate of violent crimes across the country…
18 May 2024
TechCabal
Empty wallets, empty bellies: Food inflation grips Nigerians
For Olamilekan Kafaru, a bus driver in the Ikorodu area of Lagos, Nigeria, eating three square meals daily is almost impossible. At a dizzying 40.53% increase, food inflation in the country is the highest in nearly three decades, placing more pressure on ordinary citizens who already spend a larger portion of their income on food…
17 May 2024
BusinessDay
Bribery allegations against Binance CEO cast shadow over Nigerian investment climate – SBM Intelligence
SBM Intelligence, a risk consultancy firm focusing on Africa, has cautioned that the bribery allegations made by Binance CEO Richard Teng against Nigerian government officials could hinder the country’s efforts to attract foreign investment…
Cryptopolitan
Binance’s Gambaryan Denied Bail In Nigeria’s Money Laundering Trial
Tigran Gambaryan, a top executive at Binance, remains in custody in Nigeria, denied bail in a complex case involving money laundering allegations. Since February, Gambaryan has been a central figure in a legal debacle that reflects broader tensions surrounding cryptocurrency regulations…
Federal Newswire
State Department is involved and providing assistance to US citizen held ‘hostage’ in Nigeria
A State Department spokesperson has confirmed to Federal Newswire that the Department is monitoring the case of Tigran Gambaryan, an American citizen and former federal agent detained in Nigeria since February 26 and are providing all appropriate assistance…
News Central
Ghana Risks Losing Top Cocoa Producer Status
Ghana may lose its position as the world’s second-largest cocoa producer due to illegal mining contaminating cocoa farms. Join us as we discuss the severity of water contamination, the challenges faced by cocoa farmers, and the broader implications for Ghana’s economy with Isaac Kofi Agyei, Analyst at SBM Intelligence Ghana…
Pulse
Binance’s bribery allegations threaten foreign investments in Nigeria
SBM Intelligence, an Africa-focused risk consultancy firm, has warned that Binance CEO Richard Teng’s bribery allegations against Nigerian government officials could impede the country’s foreign investment efforts…
Punch
Tinubu, what is your security plan?
NEARLY a year in the saddle, President Bola Tinubu seemingly has no security plan. Under him, Nigerians are being abducted, displaced, and massacred at will by non-state actors, a replay of the bloody eight years under his predecessor, Muhammadu Buhari…
15 May 2024
Guardian
House tackles Binance over alleged attempt to smear its integrity
The House of Representatives has accused the Chief Executive Officer of Binance cryptocurrency company of blackmailing lawmakers to divert attention and escape prosecution for crimes levelled against the organisation by the Federal Government…
The hypothesis of a U.S. military base in Nigeria
Globally, cascading crisis is informing strategic realignments, alliance recalibrations, re-setting of geopolitical priorities and new military pacts among sovereign states. In Niger, the military junta, following the coup d’etat of July 26, 2023 expelled approximately 1,000 U.S. forces and their subsequent replacement with Russian forces, which became evident from May 2, 2024…
14 May 2024
International Christian Concern
Nine Students Kidnapped by Terrorists in Northern Nigeria
Gunmen recently invaded the campus of Confluence University of Science and Technology in Kogi state, Nigeria, and abducted nine students from their classrooms. The May 10 attack marks the third school abduction this year. Nigeria is still one of the most dangerous places for Christians…
Punch
FG, states need to tackle food insecurity
Denoting looming severe food insecurity, the latest note from the International Rescue Committee and its partners says about 32 million (16 per cent) Nigerians will face acute food insecurity or hunger between June and August. This figure is higher than the 25 million citizens predicted to suffer food insecurity by UNICEF in 2023…
“Please stop crying,” soldiers in tears after losing colleagues
In a now-viral video posted on X on Tuesday, soldiers of the Nigerian army were seen crying, seemingly after losing some of their colleagues to terrorist attacks. The video posted by #X-Daily has become viral after X users have sympathised with the soldiers…
State police can fix Zamfara massacres
Engulfed in a fresh orgy of kidnapping and bloodletting perpetrated by bandits, Zamfara State is teetering on the brink of catastrophe. In renewed attacks, the rampaging bandits have raided several communities in three local government areas in the North-West state…
13 May 2024
Business Post
New Survey Details Nigeria’s Struggles with Soaring Prices
The economic landscape in Nigeria is undergoing significant strain as the cost of living skyrockets, impacting millions across the nation, according to a recent report titled The Price of Everything, an elaborate price survey by SBM Intelligence, an Africa-focused market intel gathering and strategic consulting firm…
ICIR
Forensic analysis reveals hate speech, misinformation fueled violence in 2023 polls
A forensic analysis conducted by Global Rights has revealed how widespread election violence and impunity marred Nigeria’s 2023 election. The findings, presented on Monday, May 13, in Abuja, detailed a concerning pattern of electoral malpractice and human rights abuses, across the country, particularly in Lagos, Imo, Ebonyi and and Enugu states…
ThisDay
The Horrific Tales of Kidnaping ‘Enterprise’ in Nigeria
In a horrific tale of fear, tears, apprehension, blood, death and sorrow, Nigerians can no longer sleep with their two eyes closed. They are neither safe outside their homes nor safe at home, as criminal gangs can now hold a full estate at ransom in broad daylight for hours, breaking into homes and abducting as many victims as they want without challenge…
12 May 2024
Coin Telegraph
Nigeria’s foreign investment at risk due to Binance bribery allegations
SBM Intelligence, an Africa-focused risk consultancy firm, has warned that Binance CEO Richard Teng’s bribery allegations against Nigerian government officials could impede the country’s foreign investment efforts…
Nairametrics
Binance’s bribery allegation may hinder foreign investments into Nigeria
Risk consultancy firm, SBM Intelligence, has said that allegations of bribery request levelled against Nigerian government officials by the CEO of Binance, Richard Teng, could hinder the country’s foreign investment drives…
News Central
Can Nigeria Halt the Kidnapping Epidemic? Insights and Urgent Actions Needed
With an alarming count of over 735 mass abductions affecting more than 15,000 victims since 2019, the urgency to address this issue has never been more critical. Confidence McHarry, a Senior Security Analyst from SBM Intelligence, provides a deep analysis of the crisis’s roots, from economic instability to the decay of institutional integrity…
West Africa Weekly
Garri, Dudu Osun, Sanitary Pads, and Other Consumer Items Priced High in Last One Year
In Nigeria, the cost of living has reached an alarming level, causing widespread concern and hardship among ordinary citizens. The persistent rise in prices of goods and services has made it increasingly more difficult for Nigerians to afford necessities…
10 May 2024
Al Jazeera
Nigeria’s women drivers rally together to navigate male-dominated industry
It was after 11pm on a night last February when Victoria Oyeyemi received an urgent phone call as she was getting ready for bed. A fellow taxi driver, Gladys April Abanang, had been in a serious accident. Her car lost control, climbed a curb and somersaulted while she was working in the Oshodi area of Lagos…
News Central
Global Chocolate Crisis: Soaring Cocoa Prices Threaten Chocolate Production
In our latest edition of Business Edge, we discuss the escalating crisis in the global cocoa industry. Isaac Kofi Agyei from SBM Intelligence joins us to analyse the complexities behind the soaring cocoa prices and their impact on chocolate production. We explore the substantial decline in cocoa production in major suppliers like Ghana and Côte d’Ivoire, attributed to factors such as disease, adverse weather, and political issues…
TechCabal
Bosun Tijani’s internet access target at risk as rising taxes, costs squeeze telecom operators
In the seven months since Bosun Tijani became Minister of Communications, Innovation, and Digital Economy, internet access has declined from 45.57% to 43.53%. It’s an early challenge for a minister who set a goal of 70% internet penetration by 2025…
9 May 2024
Bloomberg
Inflation Hits Top Nigeria Dish as Rice Price More Than Doubles
The price of rice — the main ingredient in Nigeria’s favorite jollof dish — more than doubled in March, placing more pressure on household incomes in Africa’s most populous nation, where the food is a staple…
Punch
Renewed rage of banditry
Just as feared by most citizens when President Bola Tinubu assumed office a year ago, there is no respite in sight for the communities terrorised by bandits, especially in the North…
Thisday
Why the AMVCA Matters to Nigerian Entertainment Industry
Born in 2013 from a recognition of the immense potential of African films and fuelled by the dissatisfaction that the creativity and talent were not reaching beyond the shores of the continent, the AMVCA has finally reached its milestone edition, and it is set to take place this weekend…
8 May 2024
BusinessDay
Dudu soap, petrol, Ribena see fastest price growth in one year
Out of the 60 most consumed products in Nigeria, soap, petrol, and Ribena recorded the fastest price growth within a year, according to a report by SBM Intelligence. The report, which was last updated on April 26, 2024, delves into the intricate dynamics of inflation in Nigeria, exploring its root causes, historical trends, current trajectory, and potential future outlook…
ICIR
Insecurity chequers Tinubu’s one year in office
When Bola Ahmed Tinubu was sworn into office as the President of Nigeria on May 29, 2023, he promised to end the insecurity that had almost brought the country to its knees. Before he assumed leadership of the country, Nigeria had witnessed seemingly unrestricted killings by non-state actors, so Nigerians anxiously waited to see how his government would tackle the massive security challenges that bedevilled the country over the past few years…
News Central
What Rising Cocoa Prices Mean for Chocolate Lovers Everywhere
In recent times, the global cocoa industry has encountered severe disruptions that extend far beyond its fields. As the backbone of the chocolate industry, cocoa’s tightening supplies and soaring prices are reshaping the economic landscape for chocolate manufacturers and consumers worldwide…
6 May 2024
ThisDay
Nigerians Groan as Commodities, Services, Other Price Increases Hit Decade-high
The cost of living crisis in Nigeria has reached alarming level as prices of goods and services continues to rise, making it impossible for ordinary Nigerians to feed…
5 May 2024
News Central
Nigerians Are Getting Poorer: Rising Prices Threaten Nigerian Livelihoods
As Nigeria grapples with soaring prices of staple foods like bread, rice, and noodles, a recent report by SB Morgen Intelligence paints a grim picture of the economic landscape. In just one year, the cost of essential items has surged by nearly 100%, with soap and fuel witnessing an alarming increase of over 150%…
4 May 2024
BusinessDay
How unbundling of TCN will spark improved access to electricity
The Nigerian government’s plan to unbundle the Transmission Company of Nigeria (TCN) into two separate entities is raising hopes for a more efficient and reliable national grid, potentially leading to increased access to electricity…
3 May 2024
AP
2 Nigerian military personnel will face court martial over drone attack that killed 85 villagers
Two Nigerian military personnel will face a court martial over the killing of 85 villagers in a military drone attack in December in the West African nation’s conflict-battered north, authorities said, prompting calls from a rights group Friday for more transparency and justice for victims…
BusinessDay
Transport fare surges 77% in one year on increased fuel prices
The average cost of transportation in Nigeria has increased by some margin, putting pressure on commuters’ pockets as fuel prices surged by over 150 per cent…
Channels
Understanding The Price Movement Of Basic Items In Nigeria
Ikemesit Effiong, Partner and Head of Research at SBM Intelligence joined Channels Television, a leading Nigerian broadcaster, to discuss the company’s ‘Price of Everything’ report…
Guardian Nigeria
Petrol scarcity: Long queues, dry pumps remain despite FG’s assurances
A week after the Federal Government assured that the ongoing petrol scarcity will ease, many filling stations across Lagos and other cities remained shut yesterday with few outlets operated by major marketers opened to motorists…
News Central
Urgent Call for Inclusion: Nigeria’s 2023 Elections and the Struggle of Persons with Disabilities
We explore a significant report by SBM Intelligence showing that the Independent National Electoral Commission (INEC) did not adequately support persons with disabilities during the 2023 elections, impacting their ability to access voter education and election sites…
The Guardian
US confirms Russian forces deployed to same Niger airbase as American troops
The US secretary of defence, Lloyd Austin, has confirmed Russian security forces have been deployed to the same airbase as American troops in the Nigerien capital, Niamey…
VOA
Nigeria arrests alleged mastermind of Abuja-Kaduna train attack
Nigerian authorities said Thursday they have arrested the mastermind of a 2022 terrorist attack on a moving train that killed 10 passengers…
2 May 2024
21st Century Chronicle
Transport fares rose 77% in 15 months
A geopolitical research firm, SB Morgen (SBM) Intelligence, has revealed that transport costs increased by 77 per cent between January 2023 and March 2024. In its latest report titled ‘The price of everything, SBM said a 160.9 per cent increase in petrol prices over the reporting period, led to the increase in transport costs for commuters across Nigeria…
BusinessDay
Fuel scarcity, food inflation, power failures deepen Nigerian’s pains as motorists sleep at filling stations
The impact of petrol scarcity, power outages and rising food prices is biting harder on Nigerians, leaving millions struggling to keep up with their daily activities and businesses. The fuel scarcity that hit Lagos, Abuja and other cities across the country last week is yet to be resolved as Nigerians continue to queue for hours at petrol stations to buy fuel…
Nigerians squeezed tightest at the dinner table as food prices remain high
Nigerians are still in for a tougher time as major food items like bread, rice, and noodles near 100 per cent rise in one year, a report by SB Morgen (SBM) Intelligence has shown. The report, which was last updated on Friday, 26 April 2024, noted that beyond food prices surging, soap and fuel have risen over 150 per cent in one year…
The Cable
The DStv price hike storm
Nigerians are fuming as they grapple with an unprecedented surge in inflation, which reached a staggering 31.7% in February 2024. The economic strain on its citizens is becoming increasingly unbearable and a new report titled “The Price Is Everything” from SBM Intelligence does a great job of tracking the trajectory taken by inflation for a number of products. Essential commodities, from soap to fuel, have witnessed alarming price hikes, sometimes soaring by over 150% within a year…
Transport fares surged 77% in 15 months over hike in petrol prices
SB Morgen (SBM) Intelligence, a geopolitical research firm, says transport costs surged by 77 percent between January 2023 and March 2024. In its latest report titled ‘The price of everything, SBM said a spike in petrol prices, which rose 160.9 percent over the reporting period, increased transport costs for commuters across Nigeria…
CNBC Africa
Efficacy of monetary, fiscal policies pivotal in Nigeria’s inflation trends
The second quarter of this year presents a dynamic landscape for inflation in Nigeria. That’s according to SBM Intelligence in its paper titled ‘The Price of Everything’ stating that addressing underlying structural challenges with the blend of monetary and fiscal policies can curb inflation. Meanwhile, the paper notes the impact of entertainment spending on inflation is relatively low compared to other essential commodities. Ikemesit Effiong, Partner, SBM Intelligence joins CNBC Africa for more…
News Central
Nigeria’s Spiralling Cost of Living Hits a 28-Year High
As Nigeria grapples with an unprecedented economic challenge, the specter of inflation looms large, casting long shadows over its economic landscape and the daily lives of its citizens. Recent data from the SBM Intelligence report, “The Price of Everything,” paints a grim picture of a nation battling an inflation rate that has soared to a staggering 31.7 per cent as of February 2024, the highest since 1996…
On the Edge of Chaos: Inside Nigeria’s Spiraling Security Crisis
Nigeria is currently experiencing a profound security crisis, marked by increasing violence and institutional malaise. This escalation has been meticulously documented in a recent security report by SBM Intelligence, which paints a grim portrait of a nation struggling under the weight of its own governance failures and societal divisions…
US Africa Online
Banditry menace and looming Famine in Nigeria
In recent years, Nigeria has been grappling with a growing menace that threatens not just its security but also its food security: the scourge of banditry. The recent harrowing tale of former Governor of Sokoto State, Alhaji Attahiru Bafarawa, who was sacked from his 10,000-hectare farm in Kaduna State, underscores the severity of the situation that has been deteriorating in recent years…
1 May 2024
Cryptopolitan
Embracing AI in legal practice
Legal practitioners globally have been called upon to be part of the integration of Artificial Intelligence (AI) into their practices to change with time and not be obsolete. This call to action emerged at the fifth edition of the Legal Business Conference organized by the Legal Business Network International (LBN) under the theme “Innovating for Law and Business: AI and After…
Guardian Nigeria
State police in Nigeria: Dispelling paranoia
Frequently in public discourse, debates legitimately seeking changes to construct, constitutional orthodoxies, defective laws and outdated polices, are shut down by folks who seek to maintain the status quo, even when it is patently unfit-for-purpose…