30 June 2020
The Africa Report
Replacing CFA with Eco ‘challenges the sovereignty’ of Nigerian naira
The Francophone countries coming together to replace the colonial currency, the CFA Franc with the Eco, may be “a major step forward and a positive thing,” says Andrew S. Nevin, Chief Economist, Nigeria Clients and Markets Leader at PricewaterhouseCoopers (PwC). But for Nigeria, the eventual uniformed adoption of the single currency challenges the sovereignty of its naira…

The Cable
Rivers of blood and matters arising
An often-used Igbo proverb says that a man who does not know where the rain began to beat him cannot say where he dried his body. Looking over at Nigerian society historically, there seems to be little appetite for finding out where the rain started falling, not to talk of even drying the body, for that matter…

Guardian Nigeria
Report paints grim picture of gang violence in Rivers State
In the last few decades, Nigeria’s oil-rich Niger Delta has had to battle many problems: damaged environment, lax security that made militancy and kidnapping thriving businesses for a select few, dwindling livelihood occasioned by oil spillages, and bad governance…

28 June 2020
Financial Times
Nigeria oil chief promises more transparency at state producer
The head of the Nigeria National Petroleum Corporation promised “a new season of transparency and accountability”, pushing back against critics calling for the break-up of the state oil company as the country struggles to manage the fallout from battered oil prices…

27 June 2020
Bloomberg
Nigeria’s behemoth state oil company sheds cloak of secrecy
Nigeria’s powerful state oil company, whose finances and operations have been shrouded in secrecy for decades, is opening itself up to greater public scrutiny. The Nigerian National Petroleum Corp. on June 14 published its 2018 annual report, which contained an audited account of all its 20 units for the first time in its 43-year history. The 2019 figures are set to be divulged in “coming months” and the company has pledged to make their release a tradition…

26 June 2020
BusinessDay
African resource nationalism: A very old idea posing as new information
When I got married in 2015, I was deluged with congratulatory messages from friends and acquaintances. One of these messages, from a Togolese friend of mine still stands out in my memory five years later. It read, “Congratulations David. Now please make sure to make lots of African babies.” This was not your bog standard “We are expecting twins” tongue-in-cheek message. The sender genuinely meant every word of it, because in his view, expanding Africa’s population was crucial to ensuring the long term survival of this continent and its inhabitants…

Premium Times
Nine travellers kidnapped in Ondo
At least nine persons were kidnapped by unknown gunmen in Ondo State, on Friday. The victims were on their way to Lagos from Abuja, Ondo police spokesperson, Tee-Leo Ikoro, told PREMIUM TIMES…

24 June 2020
Ozy
This tiny Nigerian state has driven half the country’s human trafficking for centuries
In March 2018, HRH Oba Ewuare II, the traditional ruler and spiritual leader of the Benin Kingdom in the southern Nigerian state of Edo, summoned 500 juju priests across his domain to an emergency meeting. There he laid a powerful curse on human traffickers and on native doctors who convince victims to take an oath of secrecy…

21 June 2020
The Cable
Over 100 cult groups in Rivers spilling blood of residents
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…

Premium Times
How poor naira lowers real value of Nigeria’s budgets – Report
Contrary to the claim that Nigeria’s 2020 budget is the largest since the return of democratic rule in 1999, that of 2013 was actually the largest when adjusted using the average official and parallel exchange rates of the naira to the dollar within the period…

Vanguard
New report details how over 100 cult groups have held Rivers hostage
A new report by geopolitical research firm, SBM Intelligence says more than 100 cult groups in Rivers are fueling a rise in violence which has caused “incalculable human and economic loss in the process.” The report traced the origin of cult groups in the state to the founding of the De Norsemen Club of Nigeria, popularly known as the Supreme Vikings Confraternity at the University of Port Harcourt in 1984 and said cult groups have since expanded to every part of the state, causing both destruction to lives, property and the environment…

18 June 2020
BusinessDay
Reducing the cost of oil production
Cutting the cost of oil production reported by Nigerian oil companies, which is among the highest in the world after shale oil producers in the US, is now a matter of survival but the government’s firebrand approach neglects its own role in the problem…

17 June 2020
BusinessDay
Nigeria’s mega-budget falls behind 2019 spending plan in dollar terms on naira value erosion
Nigeria’s 2020 budget has been dubbed the country’s biggest since at least its return to civilian rule but a recent currency adjustment means the true value of country’s spending plan is lower than was earmarked for 2019…

15 June 2020
Ozy
Can Africa’s truth and reconciliation commissions teach America how to heal?
In the 1990s, trauma came uninvited alongside the triumphant entry of democracy into parts of Africa, Latin America and elsewhere, along with the Soviet Union’s collapse. The oppressive machinery that eccentric dictators fine-tuned through human rights abuses continue to wreak havoc today…

12 June 2020
Sahara Reporters
Why Nigeria cannot enforce tax against Facebook, Google, others—Expert
Nigeria will find it impossible to place taxes on the transactions of foreign tech companies like Netflix, Facebook, Google, Youtube and other virtual firms without foreign help, Head of Research at SBM Intelligence, Ikemesit Effiong, has said. It will be recalled that the federal government announced its intent to tax OTT’s in the Finance act the president signed earlier in the year…

6 June 2020
Punch
Amid insecurity, families, friends keep alive memories of slain pastors
Life without his twin brother has not been easy for Raphael Nnadi, a 100 Level student of a private university in Ondo State. Sometimes he tries to forget about the incident that led to Michael’s death but the memories keep returning. He wants them to stay regardless for the memories keep his late twin brother alive in his heart…

5 June 2020
CGTN Africa
Securing the Sahel region
Western nations in new push to tackle terrorism in Sahel…

HumAngle
3 brothers busted in Abuja for kidnapping, killing mother of 5
The police has arrested three brothers suspected to have kidnapped and murdered a mother of five in Abuja. They added that the deceased’s body has been exhumed for forensic examination…

4 June 2020
BusinessDay
How Nigerians bear brunt of fading foreign direct investments
Nigeria is finding out that attracting foreign direct investment (FDI) into a country that has a larger population than France (65 million), Italy (60 million) and Spain (46 million) combined isn’t always straight-forward…

3 June 2020
Arise TV
Millions of dollars flow through Nigeria’s kidnapping industry
Ikemesit Effiong, Head of Research at SBM Intelligence, reviews their latest report documenting the millions of dollars flowing through the kidnap industry in Nigeria. Which states make the top 10? What are the solutions?

1 June 2020
HumAngle
Government must address Nigeria’s flourishing kidnapping for ransom industry
At least 18.34 million dollars was paid to kidnappers as ransom between June 2011 and the end of March, 2020, says Lagos based SBM in a report shared on Thursday, titled ” The economics of Nigeria’s kidnap industry”. It said the government must address factors that have helped the practice to flourish…

NewsWire NGR
$18.34 million paid as ransom between June 2011 and March 2020: Inside Nigeria’s lucrative kidnap industry
August 20, 2019, the Nigerian Police arrested alleged notorious kidnap Lord, Hamisu Bala popularly known as Wadume in his hideout at Layin Mai Allo Hotoro area of Kano state. For months, the Police had trailed him and earlier arrested him on August 6, 2019. But the first arrest turned messy as some military officers attached to Battalion 93, Takum on the orders of a Nigerian Army Captain, Mr Tijani Balarabe attacked and killed the three Police officers. Wadume to the surprise of many was spared from the shootout and released…

The Nigerian Lawyer
Sokoto: Different ships, same boat
While many celebrated Eid-al-Fitr, residents of Kuzari, Katumi, Masawa, and Dan-Aduwa were thrown into mourning. Over 100 menacing armed men tore into these towns in Sokoto state and left in their trail a sea of human blood as over 74 people were reportedly killed leaving thousands of displaced persons…

30 May 2020
NewsWireNGR
Nigeria is haunted by the Biafran war
As the world marks the 53rd anniversary of the declaration of the Biafran state which was followed by the Nigerian Civil War, questions have risen as to why the country has failed to heal from the wounds and if any lesson has been learnt in that time…

WeeTracker
Nigeria’s growing kidnapping industry now targets the poor too
For a sordid business that is unlawful and a threat to the peace of society, the kidnapping in Nigeria is experiencing significant growth. But, the actors are no longer just targeting the rich, elite, or ex-pats in Africa’s largest economy. Poor villagers are now becoming rather easy victims…

29 May 2020
Premium Times
Mr. President: What would the Buhari legacy be?
Today is the anniversary of President Buhari’s fifth year in power and he has three more years to go before retiring to Daura to take care of his cows. In another year or two, the campaign for 2023 will take over the attention of the political class and governance would stop. This means the president has less than two years to leave his legacy, from a eight-year rule…

Punch
Civil rule delivers 21 dreary years of misery
When Nigeria transitioned from military to civilian rule in 1999, hope and self-confidence were resurgent among the country’s then 119.26 million people. Fifteen years of unbroken second military interregnum had devastated every aspect of national life, from infrastructure and social services to the economy. The future therefore held the alluring prospect of parlaying their recovered liberty into prosperity…

Ventures Africa
Nigeria has spent $18.34 million on kidnaping ransom
A report released by SB Morgen (SBM) shows that Nigeria paid at least $18.34 million (₦7 billion) as ransom to kidnappers between 2011 and 2020, bringing to light the challenges of insecurity and unemployment in Nigeria…

28 May 2020
Daily Trust
How Nigerians paid $18.34million ransom to kidnappers in 9 years
Between 2011 and April 2020, Nigerians lost at least $18.34 million to kidnappers as payments made to secure the release of their loved ones, a new report by SBM Intelligence has shown…

Guardian Nigeria
Nigeria pays $11 million as ransom to kidnappers in four years
The security architecture in Nigeria has once again come under the spotlight after a new report said the Nigerian Government and citizens have handed over N4 billion ($11 million) to kidnappers for ransom in the last four years…

Premium Times
Insecurity: Nigerians pay over ₦7 billion ransom to kidnappers in nine years – Report
In Nigeria, kidnapping for ransom has become a feature in all parts of the country with thousands of people falling victim. Between the year 2011 and 2020, Nigerians paid at least $18.34 million (₦7 billion) as ransom to kidnappers, a report on the country’s kidnap industry shows…

CAN chairman kidnapped; police mobilise officers, hunters for rescue
The Chairman of the Christian Association of Nigeria (CAN) in Nasarawa State, Joseph Masin, has been kidnapped. His kidnap was confirmed by the police commissioner in Nasarawa, Bola Longe, Thursday morning…

Sahara Reporters
$18.34m paid to Nigerian kidnappers in nine years —Report
About $18.34m has been paid by families, friends and loved ones of kidnap victims in Nigeria in the last nine years, a new report by SBM Intelligence has shown…

The Cable
‘Nearly $11m paid as ransom in four years’ — Report examines Nigeria’s kidnap industry
Families and friends of kidnap victims paid $18.34 million to secure the release of their loved ones between June 2011 and March 31, 2020, a new report by SBM Intelligence has shown…

27 May 2020
ICIR Nigeria
In 10 years, $18.34m was paid to kidnappers as ransom in Nigeria
Between June 2011 and March 2020, at least $18.34 million was paid to kidnappers as ransom in Nigeria, SB Morgen revealed in a new report. In the report, Nigeria’s Kidnap Problem: The Economics of the Kidnap Industry in Nigeria, SB Morgen revealed also that the larger proportion of that figure, about $11 million was paid out between January 2016 and March 2020, indicating that kidnapping is becoming more lucrative…

26 May 2020
Sahara Reporters
Why prices of basic items soar in Nigeria despite petrol cost reduction
One month after the Nigerian government shaved ₦21.50 – 14.9 per cent off the country’s petrol pump price, the cost of other commodities, especially food items, are still going upward, SaharaReporters has gathered…

25 May 2020
Daily Independent
How Nigerian economy can be private sector driven
The coronavirus (COVID-19) pan­demic caught the world napping like no other single occurrence has done in recent times, thus throwing the global economy into fits of hysteria as governments across the globe struggle to adjust economic levers…

ThisDay
Experts proffer solutions to Nigeria’s challenges
Some experts have highlighted solutions that will help businesses recover fast from the adverse effect of COVID-19 pandemic on the Nigerian economy…

22 May 2020
Vanguard
Nairametrics holds Q2 2020 economic outlook, focuses on impacts of COVID-19
Nairametrics, a leading Nigerian financial resource company held its second-quarter 2020 economic outlook on Saturday, May 16th, 2020, albeit virtually due to the Coronavirus pandemic. The webinar, which centered on the topic “The New Normal – Economic Outlook: Your Money or your Life”, was attended by 729 unique participants with more than thousand participants registered for the event…

21 May 2020
Bonds & Loans
Coronavirus could weigh on Nigeria’s ability to secure crucial loans from China, protect fiscal revenues
The coronavirus outbreak currently plaguing global markets may harm Nigeria’s ability to secure Chinese loans needed to fund the 2020 budget, while also weighing on trade and oil revenues, according to a research note from SBM Intelligence…

ICIR Nigeria
Injustice is the core of escalated violence in Nigeria
THE escalation of violence in Nigeria has been attributed to injustice meted out to some individuals or groups in Nigeria, according to a group discussion on human rights…

20 May 2020
Nairametrics
A wholistic approach to Nigeria’s power and agricultural sector challenges
Fixing Nigeria’s power sector will never be resolved without developing a wholistic power solution that has all consumers in a single pool…

19 May 2020
Arise News
Cross River tops Lagos on SBM Intelligence 2020 health preparedness index
Confidence Macharry, Security Analyst at SBM Intelligence, explains the methodology behind their 2020 Health Preparedness Index for the 36 states in Nigeria. He also discusses what would be required for the bottom 5 states to improve and how a lack of family planning is negatively impacting healthcare in Nigeria…

Nairametrics
COVID-19: Best and worst case scenarios for the Nigerian economy
A series of unfortunate developments have been working together to shape the Nigerian economy, albeit in a bad way. And things could get worse, unless certain actions are quickly taken to mitigate these unfavourable incidents…

NewsWireNGR
In Kubwa, Abuja, local community policing is replacing the government, armed robbers are taking over as Coronavirus infections rise
The Nigerian government’s response to the COVID-19 virus has been documented as commendable by the United Nations Secretary General as well as other local international agencies. Unlike many countries Nigeria responded with a airspace closure, rapid information dissemination and a national lock-down…

SBM report ranks Cross River the most prepared state for health emergencies
According to a Health Preparedness Index published by SBM Intelligence, Cross River is the most prepared state for health emergencies and Niger State has been ranked the least prepared state amongst all states in the country…

The Cable
Report ranks Niger least prepared state for health emergencies
Niger has been ranked the least prepared state for health emergencies amongst all states in the country. According to a Health Preparedness Index published by SBM Intelligence, Cross River is the most prepared state for health emergencies…

17 May 2020
New Telegraph
COVID-19 takes toll on Nigerian diaspora remittances
The COVID-19 pandemic has put Nigeria’s second-largest revenue source at risk, an analysis by SBM Intelligence has shown. Diaspora remittances from citizens living overseas have formed a major part of Nigeria’s forex earnings; even higher than tax revenue. This is, however, second to revenue realised from selling crude oil which is Nigeria’s main source of forex earnings…

14 May 2020
Guardian Nigeria
Nigeria’s north central states may suffer more from FG dwindling revenue, says report
While the coronavirus pandemic continues to have a negative impact on the Nigerian economy, nothern states may suffer more from its implications, a report said. Lagos based geopolitical risk firm SBM Intelligence in a report said this is because “many of the states in the North Central rely heavily on federal allocations to survive.”…

The Cable
Nigerians abroad unlikely to send home ‘much money’ as COVID-19 takes toll on income
The COVID-19 pandemic has put Nigeria’s second-largest revenue source at risk, an analysis by SBM Intelligence has shown. Diaspora remittances from citizens living overseas have formed a major part of Nigeria’s forex earnings; even higher than tax revenue…

13 May 2020
Bloomberg
What African central banks may do next in response to virus
After emergency meetings and aggressive interest-rate cuts to buffer their economies against the impact of the coronavirus pandemic, some central bankers in sub-Saharan African economies may follow a more measured approach when they sit down for their deliberations in the next two weeks…

Guardian TV
FG revises 2020 budget fundamentals
SBM Intelligence forecast low diaspora remittances in 2020 due to COVID-19. OPEC+ wants to maintain output cuts beyond June…

10 May 2020
ThisDay
Rising oil prices will have significant political cost for Nigeria
As Nigeria anxiously expects oil prices to rise to a comfortable position and boost the country’s confidence to recover from the current shock, analysts have warned that such anticipated rise would instead present grave political risks to the country…

9 May 2020
Bloomberg
Oil crash spurs Nigeria to end fuel subsidies, risk backlash
Nigeria has used the collapse in oil prices to usher in a policy the state has been trying to implement for more than two decades: scrap fuel subsidies…

7 May 2020
CFD Trading
Crude oil (CL1) 5 day up streak broken
Crude Oil’s 5 day positive streak has officially concluded, as the candle from the day prior closed down 2.32% ($0.57). Relative to other instruments in the energy commodity asset class, Crude Oil ranked 2nd since the day prior in terms of percentage price change. Let’s take a look at the daily price chart of Crude Oil…

6 May 2020
Nairametrics
SBM Intel lists out industries that may be out of business post Coronavirus
Nigerian Based market research organisation, SBM Intelligence published a list of industries that will be positively and negatively impacted by the Covid-19 pandemic. This is part of the risk-based firm’s series of discussions on the impact of Covid-19 on the Nigerian Economy…

1 May 2020
African Business Magazine
Nigeria braces as oil shock and Covid-19 wreak havoc
On 13 April, millions of Nigerians waited anxiously for a televised address by President Muhammadu Buhari. The day marked the end of an initial two-week lockdown imposed on Lagos, Ogun and the capital Abuja, three states on the frontline of Nigeria’s battle with Covid-19…

29 April 2020
Premium Times
Covidnomics: How To Deliver Food and Money to the Poorest Nigerians
Just before the lockdown of Lagos, videos of government officials readying food packages to distribute to poor households were making the round on social media. It looked thoughtful and reassuring. But just hours after the lockdown came into effect, video clips and reports emerged showing restless Lagosians in poor neighbourhoods complaining about being locked down and having no food to eat. Lagos still has a number of lockdown days to go and it’s not inconceivable that the lockdown could be extended, depending on the numbers of infections that are recorded in the next couple of days. So, it’s very important to think of ways to get food to the poorest Nigerians…

27 April 2020
BusinessDay
Abba Kyari: The high-profile casualty of Nigeria’s theatre of misrule
First, my condolences to the family of Mallam Abba Kyari, President Muhammadu Buhari’s chief of staff, who died on 17 April 2020, aged 67, after a coronavirus illness. His death is particularly sad because contracting the coronavirus is not an automatic death sentence. As of 24 April, last week, there were 2, 753,627 Covid-19 infectees worldwide, according to the global statistical organisation, “Worldometer”, and only 192,326 (about 7 percent) deaths. Sadly, Kyari was one of the unlucky few…

Counter Currents
Rising piracy in Gulf of Guinea
Gulf of Guinea continues to be world’s most dangerous route for international shipping trade. Called as ‘world piracy hotspot’, it has now eclipsed the troubled waters off Somalia in the Horn of Africa, by becoming a new epicenter for piracy, looting and kidnappings. According to International Maritime Bureau, almost eighty two percent of maritime kidnappings in the world occurred in the Gulf of Guinea in 2019. Attacks against merchant ships were recorded off Togo, Benin, Nigeria, Cameroon and Equatorial Guinea…

26 April 2020
Punch
Individuals, firms join forces to support govt’s fight against deadly COVID-19
Oluwaseun Osowobi’s joy has been uncontrollable since leaving one of the Lagos State isolation centres for coronavirus patients. Understandably, none should be surprised at her elation; surviving coronavirus is no mean feat just as testing positive for the virus is not a death sentence. Over the last four months, coronavirus has killed more than 202,000 persons around the world, shattering dreams of families and communities in the process. Young and old, rich or poor – the virus has spared no one – leaving behind a trail of devastation and scars on its victims and their families…

24 April 2020
Bloomberg
Nigeria defends slow pace of virus testing
Nigeria defended the slow pace of testing for the coronavirus amid a lockdown that’s paralyzed economic activity in its two main cities as concern over the government response to the outbreak grows…

Reuters
How Africa risks reeling from a health crisis to a food crisis
In Nigeria’s Benue state, the food basket of the country, Mercy Yialase sits in front of her idle rice mill. Demand is high across the nation, but she already has mounds of paddy rice that are going nowhere amid the COVID-19 lockdown…

22 April 2020
Global Business Reports
Nigeria and COVID-19: First-Hand industry insights
COVID-19 has effectively suspended almost all commercial activities in the country. On the good side, we have seen the private sector rally to assist with hospitals being built, equipment and hundreds of millions of dollars being donated to fight the spread of the disease. On the bad side, the suspension of all but essential economic activities has led to us seeing early signs of a recession, a devaluation of the Naira and our foreign exchange reserves hitting its lowest level in decades. It will take months, if not years, to assess and recover from the economic damage.

Mail & Guardian
Nigeria’s president loses his right hand man to Covid-19
Abba Kyari, the chief of staff to Nigerian President Muhammadu Buhari and regarded by many as perhaps the second most powerful man in Nigerian politics behind only the president himself, died on April 17 in Lagos. He was 67…

18 April 2020
Bloomberg
Nigerian President’s Chief of Staff dies after getting virus
Abba Kyari, chief of staff to Nigerian President Muhammadu Buhari and an ardent supporter of state intervention in the economy, has died. His age wasn’t disclosed…

17 April 2020
Vyral Africa
Nigerian security agents have killed more Nigerians than COVID-19 during lockdown
Security forces enforcing the lockdown in parts of Nigeria have killed more people than coronavirus itself, a local rights group says…

16 April 2020
Premium Times
Insecurity: Nearly 1,000 deaths recorded in Nigeria between January – March – Report
A Lagos based research platform, SBM Intelligence, has revealed that at least 979 deaths were recorded in Nigeria between January to March 2020. On Tuesday, the organisation published a report titled ‘Media Reported Killing in Nigeria’, which showed killings from violent incidents, including attacks from Boko Haram, kidnapping, herdsmen, various militia, and communal clashes…

Reuters
Millions face hunger as African cities impose coronavirus lockdowns
Shehu Isah Daiyanu Dumus has run out of cash and says he only has a few handfuls of cassava flour left to eat. The 53-year-old paraplegic man usually sells phone cards. But an extended lockdown to fight the new coronavirus in Nigeria’s biggest city, Lagos, has left him stranded…

15 April 2020
African Business Magazine
Nigerian private sector donates more than most other African countries in fight against COVID-19
As the novel coronavirus (COVID-19) continues to spread across Nigeria, public health officials are ramping up efforts to test more people and provide care for people who have contracted the acute respiratory illness. The number of confirmed cases in Nigeria skyrocketed to 343 as of April 13, of which 91 patients have been discharged and 10 dead…

Global Business Reports
Nigeria tackling 2020
2019 ended on a positive note with the FID on Train 7 and the ignition of Nigeria’s ‘year of gas’. Nigeria had an exciting year ahead. “It is a time of hope, optimism and fresh possibilities. We look forward as a nation to the 2020s as the opportunity to build on the foundations we have laid together on security, diversification of our economy and taking on the curse of corruption,” stated President Buhari in his address to the nation for the new year…

14 April 2020
NewsWireNGR
Why did the IMF executive board approve immediate debt relief for 25 countries and ignore Nigeria?
The Executive Board of the International Monetary Funds, IMF, approved immediate debt service relief to 25 of the IMF’s member countries under the IMF’s revamped Catastrophe Containment and Relief Trust (CCRT) as part of the Fund’s response to help address the impact of the COVID-19 pandemic…

10 April 2020
AFP
Nigerians struggle as virus lockdown hits supply chains
At a market on the outskirts of Nigeria’s megacity Lagos, yam trader Olatunji Okesanya is scrambling for produce as measures to halt the coronavirus cut him off from suppliers…

9 April 2020
BusinessDay
Analysts predict mixed fortune for consumer goods firms over COVID-19 fallout
Consumer goods analysts have predicted a tale of two halves for fast moving consumer goods amid a lock down in major cities of the country…

Cost of preparing Jollof may be more expensive in coming months
There are expectations that the cost of preparing a pot of Jollof might be expensive in coming months amid covid-19 turmoil that led to an upsurge in prices of key ingredients including rice, according to the latest Jollof index report by SBM…

8 April 2020
The Cable
COVID-19: Foodstuff prices almost double in Q1 2020
The price of food items in the country recorded a significant increase in the first quarter of 2020, a report by SBM Intelligence has shown. The report, which is called the Jollof Index, monitors food inflation by tracking the change in the price of food items….

NewsWireNGR
Enforced COVID-19 donations may betray ugly truth about Nigerian government’s crisis handling
When John Ahmadu (name has been changed) received a letter from the National Insurance Commission (NAICOM) on the 3rd of April, he assumed it would be a run-of-the-mill advisory memo from his industry regulator. As the director of a small insurance company that will remain anonymous for the purpose of this report, John was already facing the double jeopardy of a recent business slump and low future business volumes due to the COVID-19 outbreak. The last thing he needed was more trouble on his plate, but that is exactly what the letter brought…

7 April 2020
Nairametrics
Jollof Index shows Nigerians are spending more on food during lockdown
The SBM Jollof Index for Q1 2020, which was recently released, has shown that Nigerians are spending more on food items amid the Coronavirus lockdown…

Reuters
Lockdowns: Saving lives, but ruining livelihoods in Africa
In a dark ground-floor room in Lagos, dressmaker Kemi Adepoju gazes at a pile of dresses she has made but which cannot be collected due to the lockdown in force to slow the spread of the new coronavirus…

2 April 2020
Global Voices
Nigeria’s elite ‘above the law’ as the poor struggle with COVID-19 measures
Researchers at Nigeria’s University of Ibadan have predicted that COVID-19 cases in Nigeria will spike to about 312 by Friday, April 3, 2020, and noted “a consistent increase in the daily reported cases” since March 19…

Premium Times
Nigerian governors urge CBN to stop states’ debt deductions
The Nigerian Governors Forum (NGF) has urged the Central Bank of Nigeria to suspend all funds deductions from states and restructure their debt repayments. Governor Kayode Fayemi of Ekiti, the NGF chairman, said this at the governors’ second COVID-19 teleconference meeting on Wednesday…

30 March 2020
The Cable
CSOs ask Buhari to clarify ‘stay at home’ order
A coalition of civil society organisations (CSOs) has called on President Muhammadu Buhari to clarify his “stay at home” order. The group, under the aegis of Civil Society Alliance Against COVID19 (CSAA-COVID19), also asked the federal government to take full advantage of the lockdown in Lagos, Ogun and Abuja order to boost its efforts in curtailing coronavirus…

27 March 2020
Guardian Nigeria
African experts to xray COVID-19 @ #StartupSouth:#LifeAfterCorona
Experts from across Africa will converge online at the #StartupSouth:#LifeAfterCorona Virtual Conference on Monday March 30, at 4pm (GMT+1) to discuss the Economic Impact of COVID-19 on Africa and advise appropriate response by corporate organisations and Governments…

Premium Times
Despite Buhari’s reforms, cost of shipping goods to Nigeria still very high
The cost of shipping goods into Nigerian ports is among the highest in the world, with the figure for Apapa port costing more than thrice of that to Tema, Ghana, according to new research by SBM Intelligence…

24 March 2020
BusinessDay
Nigeria’s best move against coronavirus is worst scenario for millions of poor
For Tunde Akinloye, a 45-year-old vulcaniser in Apapa, Lagos State, Nigeria’s best defence against the COVID-19 would be the worst scenario for him and his family of eight who depend on his ₦5,000 a day income for survival…

20 March 2020
Reuters
Nigeria tries to shed fuel subsidy costs while keeping price control
Nigeria is trying to shed costly gasoline subsidies and enable private companies to import for the first time in years as its fuel regulator meets to draft a new price control template…

17 March 2020
Bloomberg
How coronavirus will dominate African interest-rate decisions
Central bankers in five key sub-Saharan African countries will meet on interest rates in the next ten days as the focus turns to them for measures to shore up their economies that are expected to be hit by the novel coronavirus…

Pulse Nigeria
Nigeria should ban flights from Coronavirus-hit countries, says policy analyst
Nearly three months after coronavirus (COVID-19) was first detected in Wuhan, China, the virus has spread into over 100 countries around the world…

16 March 2020
BusinessDay
Huge haulage cost, terminal charges weighing on Nigerian importers
Importers in Nigeria, including manufacturers who bring in critical production inputs through the seaports, are breaking under the weight of heavy shipping charges, terminal handling charges as well as huge cost of transporting their goods from the port terminal to their warehouses…

NewsWireNGR
How deadly coronavirus is crippling Nigeria’s travel industry
At the end of December 2019, the existence of a new virus was reported to the World Health Organization. This virus, now known as the Corona Virus or COVID-19; spread quickly in the city of Wuhan and throughout China and by March 13, 2020, there were nearly 148,000 cases globally; with cases on every continent…

13 March 2020
The Africa Report
Nigeria needs managed depreciation to limit coronavirus, oil double whammy
The central bank said on March 12 that “market fundamentals do not support naira devaluation” at this time. Nigeria’s foreign exchange reserves remains “robust and comfortable”, the bank said…

NewsWireNGR
Nigerian Stock Exchange sheds ₦1.4 Trillion in 3 days on the back of falling oil prices and Coronavirus
The Central Bank of Nigeria held a consultative round table on Wednesday morning tagged “Going for growth 2.0”. The roundtable comes a few days after “Black Monday”, a global fall in the price of equities after Russia and Saudi Arabia started an oil price war. In the US, the main financial indexes were down by more than 7%. In New York, initial losses caused trading to be suspended…

12 March 2020
Bloomberg
Cargo traffic surges at Nigeria ports after Benin border closure
The operator of Nigeria’s largest container terminal is expanding operations to deal with a sharp rise in cargo traffic since the government closed the border with Benin…

Daily Independent
50 Nigerian crude oil cargoes stranded in int’l waters — NNPC
Mallam Mele Kyari, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), on Wednesday, lamented that following the outbreak of the coronavirus pandemic, Nigeria has about 50 cargoes of crude oil in the international waters that had not found landing…

The Nation
Coronavirus: Global economy on trial, impact and the Nigerian factor
The effect of coronavirus pandemic on global economy has continued to generate rapid trepidation among governments, corporate organizations and businesses across the world, including Nigeria. Nigeria, being an imported dependent economy, relies on China for most of its manufacturing goods. More than half of its imports such as clothes, healthcare products, construction materials and, even, household products come in from China. Sadly, a larger percentage of major projects in Nigeria also rely on foreign loans and constriction workers. This calls for urgent action…

11 March 2020
The Africa Report
Buhari’s multiple headaches
President Buhari faces the third recession of his career as oil prices plunge and the rising debt profile worries Nigerians. A crash in global oil prices would push Nigeria towards a second recession in four years since the former head of state Muhammadu Buhari resumed office as the country’s president in 2015, analysts say…

10 March 2020
Bloomberg
The changing winners and losers from oil’s historic plunge
Oil price shocks always divide the world’s economies into winners and losers, sometimes producing lasting geopolitical change — and this time is unlikely to be different. But to misquote Tolstoy, every oil crisis distributes happiness and unhappiness in its own way…

BusinessDay
Buhari sets up committee over crude price, virus
Faced with the reality of several years of lip service to economic diversification, President Muhammadu Buhari on Monday summoned his top economic managers and inaugurated a committee to assess risks to the economy in a seemingly knee-jerk reaction to a looming crisis as oil price slides…

Coronavirus: Buhari’s First Quarter plans face threats
As the global outbreak of CoronaVirus and poor economic outlook continues with its negative impacts, there are indications that several infrastructure projects listed for take off in the first quarter may be affected by the disruptive effects on global economy…

9 March 2020
Nairametrics
It costs more to ship through Apapa port than Ghana’s Tema port, others –SBM
It is more expensive to ship goods from the European Union to Nigeria, compared to other African countries like Ghana and South Africa. This is according to a report by SBM Intelligence, which was published last week…

8 March 2020
Premium Times
Nigerian businesses lament impact of coronavirus in China
Since the outbreak of the coronavirus in Wuhan, the capital of Hubei province in Central China, in December last year, some factories in China have remained closed, while workers have been forced to stay out of work as part of attempts by authorities to curtail the spread of the virus…

6 March 2020
Arise News
Shipping costs in Nigeria are FIVE times higher than Ghana and South Africa – SBM Intelligence
The Head of Research at SBM Intelligence, Ikemesit Effiong, shares a report which reviews shipping costs at ports in Nigeria, Ghana, and South Africa. Why is it so costly in Nigeria? He breaks down the reasons in this illuminating segment of the Global Business Report…

Quartz
Import costs into Lagos surpass Ghana, South Africa
Corruption and congestion at Nigeria’s biggest port are costing importers thousands of dollars. Nigeria’s economy is highly dependent on imports, despite the ambitious rhetoric and best efforts of successive governments…

5 March 2020
BusinessDay
Moving containers from Nigerian ports ten times costlier than in Ghana, South Africa
It is ten times costlier to transport cargoes from the Lagos ports than it is to move them from seaports in either Ghana and South Africa according to research by SBM Intelligence.

Vanguard
Port transport 10 times costlier in Nigeria than Ghana, SA
Local transportation of goods from Apapa and Tincan Island ports in Lagos costs up to 10 times higher than the ports in Ghana and South Africa, according to research carried out by SBM Intelligence…

4 March 2020
The Cable
Moving goods from Apapa port 10 times costlier than Ghanaian, South African ports
A research carried out by SBM Intelligence has shown that it is 10 times costlier to move goods from the port in Apapa, Lagos than it is to move them from the ports in Ghana and South Africa…

Reuters
Shipping goods into Nigeria costs more than for African peers
It costs as much as five times more to ship goods into Nigeria than it does to deliver items via other African ports, consultancy SBM Intelligence said in a note on Wednesday…

29 February 2020
Premium Times
Party Deregistration: Why INEC’s action is generating controversy
Nigeria has witnessed a proliferation of political parties since the country returned to democratic civil rule under the Fourth Republic…

28 February 2020
Arise News
Coronavirus: How can Nigeria depend less on trading with China?
Confidence MacHarry, a Security Analyst with SBM Intelligence, looks at the effect of the coronavirus on the Nigerian economy via trade with China. He also looks at the steps Nigeria has to take to depend less on imports from the world’s second-largest economy…

Bloomberg
Nigeria tracing first coronavirus case in Sub-Saharan Africa
Nigerian health authorities said they’re tracing everyone who’s been in contact with an Italian man who tested positive for the coronavirus, the first such case in sub-Saharan Africa…

27 February 2020
Guardian Nigeria
Nigeria’s recession buffer weak as Coronavirus drives oil near $47/bbl
With the impact of the coronavirus taking a toll on oil demand and the economy in general, the fear of another recession appears to be imminent as oil price dropped to $53.71 per barrel, amidst falling external reserves and excess crude account (ECA)…

The Africa Report
Ghosts of privatisations past rear head in asset sale fight
Nigeria’s attempt to raise as much as ₦252 billion ($6.9 billion) from sales of undisclosed government assets has pitched the Bureau of Public Enterprise (BPE) in a fierce battle with the National Assembly, who accuse the bureau of opacity in its operations…

26 February 2020
The Cable
Coronavirus: SBM Intelligence says Nigeria risks recession as oil prices drop
Analysts at SBM Intelligence says the Nigerian economy is at risk of a recession as the outbreak has resulted in a drop in crude oil prices.

25 February 2020
BusinessDay
Hate speech regulation in focus as Social Media Week begins
The plan by the Federal Government to regulate hate speech on social media was the highlight of the first day of Social Media Week 2020 which began in Lagos on Monday, with experts urging the President Muhammadu Buhari administration to clearly define the subject before moving for regulation…

Guardian Nigeria
‘Nigeria must strengthen democratic process to handle hate speech’
With various dangers identified with hate speech and its handling by the Federal Government, experts have said that Nigeria must strengthen democratic process to avoid huge pitfalls. While some have condemned alleged bias on the part of the government in handling some issues in the country, others are of the opinion that the government has to be diplomatic in handling challenges bedevilling Nigeria…

ICIR Nigeria
COVID-19: Nigeria at risk of new recession – Report
AS China struggles with the Coronavirus otherwise known as COVID-19, a new report by the SB Morgen has revealed how the deadly virus will severely affect Nigeria’s Oil and Gas sector, thus result in likely economic recession…

24 February 2020
Quartz
Nigeria’s economy has best quarterly growth since recession
Nigeria’s economy is making a comeback—but it’s still not happening fast enough. Since suffering a recession and full year of negative growth in 2016, Nigeria, Africa’s largest economy has recovered—slowly…

19 February 2020
The Cable
Aso Rock official murdered in Abuja
Laetitia Dagan, assistant director of administration at the state house, has been murdered at her Abuja residence…

10 February 2020
ICIR Nigeria
Abuja is becoming more unsafe for residents – Data Report
With at least 23 attacks and 27 fatalities in the Federal Capital Territory (FCT) in the last one year, Abuja is fast becoming unsafe for its residents…

ThisDay
Report: 22 Killed, 22 Others Kidnapped in Abuja
A report by an intelligence gathering firm, SBM Intelligence, has shown that 22 people were killed and 22 others kidnapped in the Federal Capital Territory (FCT) in the last one year. The report put the number of unemployed youths in Abuja and four contiguous states of Kaduna, Kogi, Niger and Nasarawa at 2.2 million and described the situation as a trigger for the rising crime wave…

5 February 2020
Sahara Reporters
Is Buhari aware that bandits are taking over FCT?
The scale of bandit enterprise is much more petrifying with the incursive attacks of criminal gangs in the Federal Capital Territory – the province from where President Muhammadu Buhari presides over the country. Also, the FCT is the headquarters of the police, army, navy, air force, DSS, NIA, and defence ministry. It hosts all federal ministries and the other two arms of government. Unarguably, the incidents of banditry and kidnapping in the nation’s capital ring aloud the complete collapse of security in the country…

4 February 2020
The Cable
27 killed, 22 abducted in Abuja in one year
This might cause you migraine: 27 persons are reported to have been victims of extra-judicial killings in Abuja since February 2019…

31 January 2020
Bloomberg
Thwarting smugglers leave Nigerians counting costs of stony rice
In Adeola Adejare’s market store in Lagos, two teenage boys separate stones from Nigerian rice, preparing it for sale after the government closed land borders and stemmed the flow of cheap, smuggled grains…

29 January 2020
Financial Times
Nigeria makes anti-corruption moves amid criticism over progress
Nigeria is publicly ramping up its efforts to prosecute graft, after what critics charge has been a lacklustre effort by President Muhammadu Buhari’s administration to deliver on its signature campaign promise of fighting corruption…

Guardian Nigeria
Exorcising the demon that is Lagos traffic
The Lagos State Government Monday announced drastic measures in the bid to ease the chaotic gridlock that characterises West Africa’s most populous city. Those measures included the outright ban on the operations of commercial motorcycles and tricycles in six local governments in Lagos city…

Premium Times
How Lagos can solve its traffic problem – Survey
An upgrade of the infrastructure in the water transport sector to encourage commuters to patronise boats and ferries would help end the perennial traffic congestion in Lagos, a new survey has said…

Ventures Africa
Nigeria’s central bank restates commitment to supporting the naira
Nigeria’s central bank governor, Godwin Emefiele, has weighed in on the ongoing debate regarding a likely devaluation of the naira, saying such adjustment to the local currency will not be happening anytime soon…

28 January 2020
Nairametrics
CBN Governor, Godwin Emefiele, reacts to devaluation of naira call
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has reacted to analysts’ projections concerning the devaluation of naira. According to Emefiele’s recent stance, naira devaluation will not be happening anytime soon…

27 January 2020
The Cable
Survey: Lagos loses ₦1,922 daily on every person moving from Ikorodu to Ikeja
The economy of Lagos, Nigeria’s most populated state, is estimated to lose ₦1,922 daily on every person that moves between Ikeja and Ikorodu daily. This is according to a survey carried out by SBM Intelligence…

24 January 2020
Bonds & Loans
Lekoil loan scam could harm attempts to fill gaps left by oil majors
Last week, Lekoil announced that a loan it claimed to have secured from the QIA for the purchase of an offshore oilfield was in fact a “complex façade” perpetrated by individuals claiming to the represent the sovereign investment fund, prompting its share price to plunge and leading the company to request trading be suspended…

22 January 2020
Nairametrics
Experts outline what SMEs must do to attract fund, investors in 2020
One of the challenges Small and Medium Enterprises (SMEs) have continued to face is access to funding. This has been a major concern for many budding entrepreneurs, and in order to bridge the gap between funding and SMEs, business experts at the Nairametrics 2020 Economic Outlook discussed factors discouraging investors and what SMEs need to do to attract funding and investors…

21 January 2020
Nairametrics
Devaluation: Experts highlight trends clouding economy’s growth in 2020
The Central Bank of Nigeria (CBN) may eventually devalue the naira in 2020, as experts highlighted several disturbing trends clouding growth prospects in the Nigerian economy…

18 January 2020
Nairametrics
Nigeria no longer leading oil producer
Economic and financial experts at the on-going 2020 Nairametrics Economic Outlook (#Nairametrics2020EO) have said that Nigeria needs to step up its game to revive the economy, as it has lost its space among the world Top 10 oil producers…

14 January 2020
BusinessDay
West African ‘Eco’ could add more woes to Nigeria’s troubled economy
There are several economic implications that a likely move by Nigeria to adopt a shared currency with other West African countries would have on its economy, and policymakers must take note…

13 January 2020
Financial Times
Nigeria ratifies finance law in boost for small business
Nigerian president Muhammadu Buhari has signed into law a new finance bill that seeks to increase government revenue while bolstering the struggling small business sector in Africa’s largest economy…

11 January 2020
Global Voices
Why is Donald Trump so popular in Nigeria?
United States President Donald Trump has received low ratings across the world for his handling of international affairs — but not in some African countries like Nigeria…

8 January 2020
Guardian Nigeria
Renewed pirates attacks raise fresh concerns on cost of shipping
There are concerns that the cost of doing business in Nigeria and other nations in the Gulf of Guinea might shot up, going by the renewed threat of maritime piracy. A maritime security firm Dryad Global, said the pirate-infested waters of the Gulf of Guinea are now the world’s most dangerous for international shipping, with at least nine vessels attacked and 89 crew hijacked for ransom so far in 2019…

5 January 2020
Bloomberg
Nigeria faces challenges of politicking, mounting debt in 2020
Nigerian President Muhammadu Buhari is due to complete his second and final four-year term in 2023 and the battle over who will succeed him is already heating up, placing further pressure on an already strained economy…

The Nation
Counting gains of border closure
In the past the federal government had closed the land borders, especially around Cotonou a few times. But no one took the government seriously when it closed the land borders across the country last August. When the move was conceived and subsequently perfected, the last thing on people’s mind was that it would be opened in a matter of days…

 

31 December 2019
Nairametrics
Nigeria in 2020: SB Morgen perspective
The Nigerian economy is expected to be challenged in the year 2020 and possibly beyond. This could be attributed to policies implemented based on impulse and not facts in 2019 by President Muhammadu Buhari’s administration, a report from SB Morgen Research disclosed…

We are still studying ‘Eco’ adoption by ECOWAS members- FG
The Minister of Finance, Budget and National Planning, Zainab Ahmed, has disclosed that the Federal Government is monitoring proceedings of the planned currency change, Eco. The currency change involves eight West African countries of the Economic Community of West African States (ECOWAS)…

 

27 December 2019
Al Jazeera
Maritime piracy increases business costs in the Gulf of Guinea
In early December the Nave Constellation supertanker was hijacked. Pirates boarded the fully loaded ship, stole its oil cargo, and kidnapped 19 members of its crew about 77 nautical miles (143km) from Bonny Island, a loading terminal in Rivers State, Nigeria…

BluePrint
VAT hike, closed borders: Nigerians may face hard times in 2020
The year 2020 may bite the average Nigerian hard with increased VAT, a potential electricity tariff increase and the continued effects of the border closure. In all, the Central Bank of Nigeria has stood valiantly defending the naira and heavily depleting the country’s foreign reserves. Defending the naira cost more than $3.3bn in the second half of 2019…

 

26 December 2019
The Sun
How to end electoral violence in Nigeria — Stakeholders
The orgy of violence witnessed before, during and after last month’s gubernatorial elections in Kogi and Bayelsa brings to fore once again the need to curb the death toll and mayhem associated with voting in Nigeria over the years…

YNaija
Sorrows, tears and blood…The most distressing tragedies of the year
President of the Association of Nigerian Authors (ANA) Denja Abdullahi exhibited proof that he has no business leading an association of creatives via his cruel and unusual treatment of Ernest O. Ògúnyemí, a budding writer whose only error was winning a prose prize for young writers organized by the ANA…

 

23 December 2019
BusinessDay
SBM says it got 60% of its 2019 predictions right. Here’s its 2020 outlook
An intelligence platform which got 60 percent of its 2019 predictions correctly and was partially correct on 14 percent gives its outlook for next year. Among other things, Lagos-based SBMorgen correctly predicted average oil price, the impact of regulation on Fintechs, fiscal problems of the FG-although it was wrong on its prediction that Nigeria would see another recession in 2019…

Guardian Nigeria
Devaluation, subsidy removal among biggest predictions for Nigeria in 2020
If President Muhammadu Buhari’s 2019 economic decisions were anything to go by, 2020 could be a wild ride with the government moving all the pieces on whims rather than fact…

 

21 December 2019
Bloomberg
Christmas dinner in Nigeria this year misses one key ingredient
Nigerians may have to do without their favorite delicacy this Christmas. Jollof, a mixture of rice, tomatoes and spices, is practically a national dish in Nigeria, Africa’s most-populous country with almost 200 million people. It’s particularly coveted by the poor at Christmas and other festive periods, when increased demand for its ingredients contributes to seasonal price rises…

 

20 December 2019
BusinessDay
Why Jollof rice may have low patronage during Christmas celebration
As Nigerians wait for the 2019 Christmas in few days, it appears cooking ‘Jollof rice,’ the usual meal that comes with the celebration, may not be an option for most Nigerians…

 

16 December 2019
The Africa Report
Nigeria’s loss is Ghana’s gain
December is a busy month for airlines flying between London and West Africa. Many first and second-generation West Africans, living in Europe or elsewhere, will fly home to celebrate the holidays with their extended families. Airlines, like British Airways (BA), will make a killing on this route by offering return tickets to Accra and Lagos for as much as $2,400 (£1,800)…

 

14 December 2019
Bloomberg
Nigeria’s Buhari resurrects hard-man habits to curb dissent
Evoking memories of Nigeria’s three decades of military rule, the repression risks undoing progress Africa’s top oil producer has made since the restoration of multiparty democracy in 1999…

 

7 December 2019
Guardian Nigeria
How Nigerian Twitter helped keke rider raise over ₦1 million to pay hospital bills
When Emmanuel Nweke’s wife Gift was delivered of a baby through a Caesarean section (CS) on November 5, he was happy the child and his wife were in good condition. But there was a problem. The hospital bill was way more than he could afford. His monthly income was too meagre to support such a burden…

 

2 December 2019
African Business
Nigeria border closure causes economic shock
The unexpected nature of the announcement gave traders and communities little time to prepare for the economic shock that followed. In October Nigeria – which shares boundaries with Benin, Niger and Cameroon – closed all of its land borders to the movement of goods in a bid to tackle smuggling…

 

1 December 2019
Premium Times
Nigerian journalists, CSOs to discuss shrinking civic space
A cohort of civil society and media organisations are set to hold a dialogue session to discuss the increasingly adverse environment within which media and civil society organisations operate in Nigeria, especially in the last couple of months…

 

28 November 2019
WeeTracker
Google and IBM don’t care about college degrees – Should African tech companies follow suit?
Go through school, study well, get that degree, land a great job and attend to business – an age-old maxim which many wonder whether or not has merit. Be that as it May the need for knowledge, experience and order keeps university classrooms filled, even too much for such citadels’ own good…

 

26 November 2019
The Nation
Wanted: Commission for electoral violence
The Women Leader of the Peoples’ Democratic Party (PDP) in Ochadamu, Ofu Local Government Area, Kogi State, Mrs. Salome Abuh, died on November 18, while resting in her home. Reports have it that some political thugs stormed her residence, set the house ablaze and prevented her from exiting while the house was completely destroyed…

NewsWireNGR
Nigerian Government moves to cage the last untamed media space
In October 2017, radio presenter Nelly Kalu and SBM Intelligence partner, Cheta Nwanze were live on air hosting a midday talk show where they were discussing the historical account and fallout of the Asaba Massacre on the 50th anniversary of the terrible event

 

25 November 2019
Business AM
Border closure leaves Nigeria’s trade sector in recession
After three quarters of tepid growth of less than one percent, Nigeria’s trade sector, the second largest employer of labour, which has been in recession since Q2 of 2019, has suffered further decline, due to the closure of the nation’s land borders, a study by the Africa programme at Chatham House has revealed…

 

22 November 2019
Financial Times
Special Report Nigeria: Market analysts assess Nigeria’s oil and non-oil economic prospects
Nigerians are set to become poorer for the fourth year in a row, with economic growth, estimated by the IMF at 2.3 percent, undershooting the 2.6 percent increase in population…

Special Report Nigeria: What’s in store for Nigeria as Buhari launches interventionist second term?
In August President Muhammadu Buhari tightened Nigeria’s notoriously porous land borders to goods. It was a neat distillation of Mr Buhari’s approach to running Africa’s largest economy: radically interventionist, infuriating to the free-market-minded Lagos business elite and thrilling to his most ardent supporters. Like many of his policies since he was first elected president in 2015, it produced mixed results and unintended consequences.

 

20 November 2019
Punch
Beyond Kogi, Bayelsa election imbroglio
For the umpteenth time, Nigeria’s democratic institution on Saturday faced a critical test of integrity, but it ended in a crushing debacle. The elections in Bayelsa and Kogi states were an opportunity to showcase the extent to which the democratic culture has taken root in the country. Regrettably, after 20 years of false starts, the verdict was another depressing letdown…

 

19 November 2019
BusinessDay
Nigeria’s inflation hits 11.61% highest in 17 months
Inflation rate for October 2019 rises for two consecutive months to 11.61 percent from 11.24 percent in September the highest in 17 months, on the back of surging food prices…

 

15 November 2019
ICIR Nigeria
CSOs urge FG to prevent violence in Bayelsa, Kogi elections
A group of civil society organisations in Nigeria, under the Joint Action Civil Society Coalition, has urged the federal government to ensure adequate protection of lives and properties during the Saturday, November 16 gubernatorial elections in Bayelsa and Kogi States…

 

13 November 2019
Tribune
Small businesses groan amidst Ease Of Doing Business
The afternoon was lively and the sun beamed with unrestrained elegance but the mien of Gladys Etoniru, 58, a trader at the Dugbe Market in Ibadan, Oyo State, did not reflect the brightness of the day as she answered the reporter’s question…

 

11 November 2019
NewsWireNGR
As Nigeria contravenes ECOWAS and AFCTA protocols
In contravention with the The Economic Community of West African States, ECOWAS, and the African Continental Free Trade Area, AFCTA, Protocols that allows for movement of people and goods, Nigeria’s President Muhammadu Buhari approved the extension of Nigeria’s border closure with its neighbouring countries to 31 January 2020…

 

8 November 2019
The Cable
The road trip challenge: Will Fashola accept it or not?
Will he take the challenge or ignore it? This has been the question on the lips of many Nigerians since a member of the house of representatives challenged Babatunde Fashola, minister of works, to a 90-day tour to ascertain the state of roads in the country…

 

4 November 2019
Premium Times
Documents show ex-Gov. Amosun illegally imported arms, ammunition
On the night of June 25, Ibikunle Amosun, a serving senator and former governor of Ogun State, issued a lengthy rebuttal to a PREMIUM TIMES story that exposed his curious surrendering of a massive cache of arms and ammunition to the police in Abeokuta, the Ogun State capital…

 

2 November 2019
ABC Radio Australia
Nigeria, the powerhouse of Africa
Nigeria is the economic powerhouse of Africa, with by far the biggest population, and a role as an arts and music hub.But it has not been able to achieve its potential…

 

30 October 2019
Bonds & Loans
“Nigeria is broke, but it’s not acting like it”
All is not well in the largest economy on the African continent. Nigeria faces an array of issues, largely the result of internal political problems. Bonds & Loans speaks with Cheta Nwanze, Head of Research at SBM Intelligence, about public debt, central bank independence, and growing political risk in Nigeria…

 

29 October 2019
NewsWireNGR
Why Nigeria’s unemployment situation remains ‘frightening’ and could become ‘catastrophic’
Nigeria overtook India as having the largest number of people living in extreme poverty — 87 million — according to the Washington-based Brookings Institution…

 

28 October 2019
News Central TV
International day for eradication of poverty
This year marked the 30th anniversary of the adoption of Convention on the Rights of the Child (UNCRC) on 20 November 1989. The Convention recognizes the right of every child to a standard of living adequate for the child’s physical, mental, spiritual, moral and social development…

 

24 October 2019
CNN
Nigeria improves in World Bank ease of doing business ranking, but is it easier to do business there?
Nigeria, Africa’s most populous nation, improved its ranking on the latest World Bank ease of doing business index, but some analysts say that doesn’t necessarily mean an improved economy — and that the country still has anti-business policies…

Punch
Nigerian roads have become nightmares, Rep laments
The House of Representatives Chairman of the Committee on Federal Roads Maintenance Agency, Mr Olufemi Bamisile on Wednesday said bad roads in the country had become nightmares to the users…

 

21 October 2019
Bloomberg
Africa’s biggest oil producer can’t beat fuel-imports addiction
Africa’s biggest oil producer is trying to get its refineries working in an attempt to wean itself off imported fuel. Yet again…

 

17 October 2019
BusinessDay
Nigerians spend 60% more for a pot of Jollof rice than 3yrs ago
Nigerians are spending 60 percent more on average for a family pot of Jollof rice than they did three years ago, according to the 2019 July Jollof Index by SBM Intelligence, Nigeria’s leading geopolitical intelligence platform, and experts have blamed it on the partial closure of the borders…

Daily Maverick
Nigeria’s ever-present hum
Nigeria has the most staggering history of failing to realise its potential when it comes to generating and delivering electricity to its people. The people have found a workaround, in the form of widespread use of generators – which brings its own, sometimes fatal, problems. As well as taking a heavy toll on the environment…

Premium Times
Buhari says Boko Haram aiming ‘soft targets’, but Nigeria loses 2,006 soldiers in three years
President Muhammadu Buhari on Wednesday repeated his claim that Boko Haram has been defeated and reduced to aiming “soft targets”, but a new report says the group has targeted and killed at least 2,006 Nigerian soldiers in the last three years…

 

14 October 2019
Wee Tracker
Inside Nigeria where entrepreneurship is not a solution but the sign of a big problem
Over the years, the benefit and impact of entrepreneurship have, time and again, proven quite instrumental to uplifting societies and improving economies…

 

8 October 2019
The Cable
Report: Boko Haram crisis returning to pre-2015 levels with new strategy
The Boko Haram crisis is worsening and returning to pre-2015 levels when the insurgents held territories in the north-east, a report by SB Morgen says…

 

7 October 2019
African Business Magazine
Dangote’s oil refinery faces delay
In the decades since the discovery of oil in the 1950s, Nigeria has struggled to progress from merely exporting crude to transforming itself into a regional hub for refined products…

Guardian Nigeria
Super camps make Nigerian Army ‘less nimble’ against terrorists – Report
The super camp strategy recently adopted by the Nigerian Army in its fight against Boko Haram insurgency in Nigeria’s northeast is making the troops “less nimble,” a new report said…

New Telegraph
Nigeria imports, fuels generators with ₦10trn in 2 years
The importation and fuelling of generators by banks, corporate organisations and homes in Nigeria has gulped a whopping $32.6 billion (over ₦10 trillion) in the last two years as the Africa’s biggest economy struggles with gross inefficiency of power supply…

 

6 October 2019
Pulse Nigeria
The new ‘Joker’ movie is a warning to Nigeria and other African nations of the powder keg that is neglected youth
The Joker is a product of DC Comics who made his debut in 1940. Also known as the Clown Prince of Crime, he calls the fictional Gotham city home and shares it with superhero Batman. Gotham is crime infested, run by gangs, has inept leadership, poor infrastructure, and glaring income inequality. Many would liken it to Lagos city…

 

3 October 2019
Quartz
Buhari denies third term bid
A full three years before the next elections, Nigeria’s president Muhammadu Buhari has been forced to deny reports that he will be seeking a third term in 2023…

 

2 October 2019
AFP
Nigeria’s Buhari visits S.Africa after xenophobic violence
That Nigeria’s 2019 general election is still seen as an outlier – for good or bad – amongst the six general elections conducted in the Fourth Republic of the nation is not a misplace misgiving…

Petroleum Economist
Nigeria’s refining renaissanceThe 62-year old shoulders of Aliko Dangote support, to all intents and purposes, the lofty ambitions and desperate hopes of Nigeria in boosting its refining capacity, thanks to his new refinery under construction in a free trade zone on the outskirts of Lagos, its commercial capital…

 

30 September 2019
The Cable
Moving forward from Nigeria’s flawed 2019 elections
That Nigeria’s 2019 general election is still seen as an outlier – for good or bad – amongst the six general elections conducted in the Fourth Republic of the nation is not a misplace misgiving…

 

27 September 2019
TRT World
Can national dialogue bring peace to Cameroon’s Anglophone regions?
The recent sentencing of separatists is likely to fuel more anger and resentment among the Anglophone population and alienate them from the Francophone-dominated government, but the dialogue can reverse hard feelings…

 

26 September 2019
Bloomberg
Nigeria’s Buhari courts market advice he may not heed
A new advisory panel created by President Muhammadu Buhari could usher the reforms needed to breathe life into Nigeria’s economy during his second term…

 

23 September 2019
Bloomberg
Nigeria runs on generators and nine hours of power a day
Kabir Sabo’s sewing machine hums busily as he hems a “babariga,” a popular dress in northern Nigeria, in his small corner shop on the outskirts of Abuja. It can hardly be heard over the sound of Nigeria’s worst problem…

Investors King
Cost of imported goods to surge in 2020
Costs of imported goods are expected to surge next year as the United Nations shipping agency, International Maritime Organisation (IMO), get ready to enforce its low Sulphur policy…

 

20 September 2019
The Africa Report
Nigeria unlikely to benefit from Saudi oil price shock
As Saudi Arabia and Iran face off in another round of hostilities, Nigeria is caught in the middle and, like other oil-producing nations, hopes to profit from the coming storm…

TechCabal
What is really going on with Nigeria’s new VAT and electronic processing fees?
The news cycle in Nigeria has been dominated lately by several regulations introduced by varying financial institutions. First, the Federal Inland Revenue Service (FIRS) announced a new 5% Value Added Tax (VAT) on all online transactions from January 2020. Then the federal government unveiled plans to increase the VAT paid on all goods services to 7.5% from the current 5%. This directive is pending National Assembly approval to become law…

 

18 September 2019
The Africa Report
Nigeria: the politics behind Buhari’s new economic team
President Muhammadu Buhari has constituted a new star-studded team of economic advisors comprising some of Nigeria’s most independent-minded economists…

 

17 September 2019
Bloomberg
What African central bankers will discuss in the next 10 days
Central banks in sub-Saharan Africa, already missing out on the global monetary-easing parade, just got one more reason to stay on the sidelines…

Reuters
Nigeria’s diesel-dependent economy braces for clean-fuel rules
Nigeria’s frenetic commercial capital, Lagos, is plunged into darkness several times a day. Then its generators roar, and the lights flood back on…

 

16 September 2019
Sahara Reporters
Research firm predicts there will be no windfall for Nigeria
An analysis on the impact of the attack on two oil processing plants in Saudi Arabia, which took out five per cent of the world’s daily petroleum supply, concludes that there will be no windfall for Nigeria…

 

7 September 2019
Premium Times
Are Facebook, Google truly spying on you? Here’s a new clue
Tech users are now growing increasingly worried over who monitors their private conversation and activities online…

 

5 September 2019
New York Times
South African riots over ‘xenophobia’ prompt backlash across Africa
Pop stars have announced a boycott. Air Tanzania has suspended flights to Johannesburg. Madagascar and Zambia are refusing to send their soccer teams. Nigeria has recalled its ambassador and pulled out of a major economic forum…

 

4 September 2019
Financial Times
South African businesses in Nigeria face retaliatory attacksAfrica’s largest telecoms operator said it had temporarily closed hundreds of shops in Nigeria, as South African-owned businesses were targeted in retaliation for the spate of xenophobic attacks against foreigners living in South Africa…

 

2 September 2019
Al Jazeera
UN calls for urgent action to end violence in Nigeria
The United Nations special rapporteur on extrajudicial killings condemned rising violence across Nigeria and a “lack of accountability” for perpetrators…

BusinessDay
Nigerians living from hand to mouth as discretionary spending collapses
A new study on the consumption pattern of Nigerian households which tells an old story of deep-seated poverty and living on the tethers of squalor suggests the country’s “large domestic market” is big for nothing…

 

29 August 2019
Pulse
Is Nigeria ready for the new world order?
With Trump doubling down on his ‘America First’ policies and Europe dealing with its troubles, Nigeria needs to adjust to avoid trouble times…

 

28 August 2019
Guardian Nigeria
Nigerians back private ranches, Oyo rejects open grazing
Nigerians have urged the Federal and State Governments to facilitate the establishment of private ranches as part of solutions to frequent clashes and loss of lives and property associated with the open grazing of cattle…

 

20 August 2019
Nairametrics
Nigerians who earn less than minimum wage spend 95% on food
The latest report released by SB Morgen (SBM) Intelligence shows that Nigerians who earn less than the newly approved ₦30,000 minimum wage spend 95% of their income on food consumption…

 

15 August 2019
Guardian Nigeria
Is Nigeria subsidising fuel consumption in West Africa?
Boasting a population of 25 million, the markets of Cameroon are full to bursting. Along with dirt roads vermillion, turquoise and saffron handwoven mats are spread out as far as the eye can see, every empty space between them dotted with bowls towering with tomatoes, pepper, onions and garlic. Peppery smoke from suya stands billows over DIY wooden shacks as sweat glazed men and women buy and sell anything that can fit in your hand. And for every person filtering through bowls of gold necklaces, fanning themselves outside Bukka huts and wandering along the red clay roads, there are two barrels of illegally smuggled oil…

Premium Times
Buratai goes tough on top officers over sack of key brigade
The Chief of Army Staff, Tukur Buratai, has taken punitive measures against senior military officers under whose watch a key brigade fell to Boko Haram terrorists last week…

 

11 August 2019
BusinessDay
Strange times in Nigeria
These appear to be strange times in Nigeria, when everything seems to work against the country. With high unemployment rate currently around 23 percent, according to data from the National Bureau of Statistics, many Nigerian youths have become easy preys to people who recruit them for unwholesome activities…

 

9 August 2019
The Cable
Nigeria sells the cheapest petrol in West Africa — recipe for smuggling
The Nigerian government has been subsidising the price of petrol for decades. This has ensured that petrol has remained cheap and affordable for citizens of Africa’s most populous nation; so cheap that it is the cheapest in West Africa…

 

8 August 2019
Tech Cabal
Proposed five percent tax on e-commerce transactions could hinder growth
In a recent interview, Babatunde Fowler, the Chairman of the Federal Inland Revenue Service (FIRS), disclosed that his agency is considering imposing a new tax specifically for e-commerce…

 

6 August 2019
Premium Times
Buhari’s govt, major beneficiary of protests, tightening the noose on freedom
Former President Goodluck Jonathan’s now famous statement about being the most insulted president in the world who gave Nigerians “total freedom” they would miss after he left office, may sound somewhat hyperbolic…

 

5 August 2019
Punch
Why Nigeria needs to stop the cycle of flawed elections
In the run-up to the last general elections in Nigeria, President Muhammadu Buhari emphasised his government’s resolve to ensure that the elections were free and fair…

 

1 August 2019
BusinessDay
Consumer spend more on jollof rice as it costs ₦5,974 per pot
Nigerians are now spending more to prepare a pot of Jollof than they did in 2016, thanks to the price of vegetable oil which drove the cost to ₦5,974, data by SBM Intelligence, a research arm of SB Morgen that tracks prices of key household items across major markets in Nigeria revealed…

 

30 July 2019
The National UAE
Outlawed Nigerian Shiite group vows to continue protests
A leader of an outlawed Shiite group in Nigeria has vowed that protests will continue, despite the death of hundreds of its supporters, after the government listed the Islamic Movement of Nigeria (IMN) as a terrorist organisation…

 

29 July 2019
Daily Post Nigeria
Nigeria’s 2019 elections and US visa restriction
While the tribunal process contesting the election of President Muhammadu Buhari at the 2019 Nigeria poll is still ongoing, the United States announced the imposition of a visa restriction on individuals who undermined the democratic process in Nigeria…

The Nation
Validation quest?
From the prism of dispassion, the visa ban slammed in last week by Washington on Nigerian political actors who violated due processes of the last general election should be seen as a moral rebuke directed at the elemental desperation and primitivity that hobbles our electoral culture…

ThisDay
Test of will with frightening consequences
In December 2015, a group of Shia Muslims crowded Sokoto Road, near Zaria, for a religious procession. Around this time, a convoy including Chief of Army Staff, Lt. Gen. Tukur Buratai was attempting to navigate through the crowded road…

 

26 July 2019
The Africa Report
In Nigeria, the police are as friendly as your pockets are deep
The ordeals of the Dakolo family show just how difficult it can be to legally challenge the rich and powerful in Nigeria…

 

25 July 2019
Quartz Africa
Trump US State Dept issues travel ban on Nigerian politicians
Ahead of Nigeria’s general elections back in February the United States government said it would consider placing visa restrictions on individuals who undermine the process or are involved in organizing electoral violence…

 

24 July 2019
Guardian Nigeria
US imposes visa restrictions on Nigerian politicians
The United States Government Tuesday said it has imposed visa restrictions on some Nigerian politicians, which it said undermined Nigerian democracy…

 

20 July 2019
Premium Times
Miyetti Allah denounces sister group urging fightback in Southern Nigeria
The Miyetti Allah Cattle Breeders’ Association (MACBAN) on Saturday condemned a flurry of inflammatory comments credited to its sister group, the Miyetti Allah Kautal Hore…

 

18 July 2019
Guardian Nigeria
Nigeria may not survive post-oil economy – SBM report
With most part of the world trying to move away from oil to adopt alternative and renewable energy, Nigeria’s future in the post-oil world looks rather bleak, according to SBM Intelligence…

ICIR
Nigeria’s economic collapse is imminent, beyond its oil based economy
Nigeria’s dependence on proceeds from crude oil revenues puts its economic survival beyond the post-oil economy in a precarious state…

 

14 July 2019
Premium Times
How N-Power beneficiaries abscond from duty, abuse opportunity in three states
Seated behind a wooden desk in the fairly large room that serves as the principal’s office, Alima Muthar spoke calmly into the phone…

 

11 July 2019
TRT World
Can Africa’s free trade agreement transform the continent?
There was spontaneous applause as Africa’s largest economy Nigeria signed up to a deal that experts say could provide far-reaching benefits, but only if it is implemented properly…

 

9 July 2019
Al Jazeera
Parliament on lockdown after shots fired
Nigeria’s National Assembly was on lockdown on Tuesday after shots were fired outside during clashes between police and a group of Shia Muslim protesters…

Premium Times
How new African trade agreement Buhari signed will impact Nigeria
On Sunday, President Muhammadu Buhari signed the African Continental Free Trade Area (AfCFTA) agreement in Niger Republic. The president was in Niger for the African Union summit…

 

4 July 2019
African Business Magazine
Nigeria woos private investors to improve road infrastructure
Troubled by the state of the national road network, President Muhammadu Buhari of Nigeria is trying to woo private investors…

 

3 July 2019
Quartz
Will West Africa’s ECO currency succeed?
ECOWAS, the regional bloc of countries in West Africa, has just revived an old dream: adopting a single currency across member states…

 

30 June 2019
Al Jazeera
West Africa bloc adopts ‘ECO’ as name of planned shared currency
Leaders of a 15-nation West African bloc have called for greater structural reforms as they step up efforts for the introduction of a shared currency, aimed to be launched in 2020…

 

29 June 2019
Nairametrics
Report suggests ECOWAS region may never achieve a single currency
As Leaders of West African countries converge for the highly anticipated Economic Community of West African States (ECOWAS) summit today, 29th June in Abuja, the recommendation for the single regional currency is expected to be approved. However, huge obstacles are in the way to halt any chance of a single currency agreement among the countries…

 

24 June 2019
Petroleum Economist
Wave of delta kidnappings rings alarm bells
Fears that militant violence and sabotage in the Niger delta are about to take off again has been fuelled by a spate of kidnappings of oil industry workers over recent weeks…

 

20 June 2019
Upstream Online
Hopes London talks can net $7 billion of foreign direct investment into sector
Nigeria aims to attract some $7 billion of foreign direct investment into the upstream oil and gas sector based on deals under negotiation in London this week, according to Nigerian National Petroleum Corporation (NNPC) managing director…

 

11 June 2019
CNBC Africa
Ahmad Lawan elected as Nigeria’s Senate President
Legislators of Nigeria’s 9th National Assembly have elected Senator Ahmad Lawan as Senate President of the upper chambers. While Senator Ovie Omo-Agege clinched the position of the Deputy Senate President…

 

10 June 2019
Relief Web
Widespread violence ushers in President’s new term
The Nigeria elections in 2019 that brought President Muhammadu Buhari back into office for a second term were marred by political violence, some of it by soldiers and police officers, Human Rights Watch said…

 

5 June 2019
Bloomberg
Nigeria’s oil thieves roar back even as militants kept in check
Just as Nigeria gets to grips with militants who brought the nation’s oil industry to its knees a few years ago, another group of longstanding foes are slowly making a comeback: thieves…

 

3 June 2019
Premium Times
How Buhari’s Tradermoni, CCT, could ‘ve raised financial inclusion
Shuaibu Sani from Gidan Tsika village in Kiyawa Local Government Area of Jigawa State is a beneficiary of the government Conditional Cash Transfer (CCT) programme. From the ₦10,000 he is paid bi-monthly, he manages to save ₦600…

 

31 May 2019
BBC
Focus on Africa (Audio)
The African Continental Free Trade Area is now in full effect, after 23 countries out of 44 signed an agreement to create one African market which could potentially be worth trillions of dollars…

 

29 May 2019
Bloomberg
Voter apathy clouds Buhari’s second term as Nigerian President
When Nigerian President Muhammadu Buhari begins his second term on Wednesday, he’ll do so with the blessing of just 8% of the nation’s 201 million people…

CNN
Nigerian President Buhari sworn in for second term, facing key security challenges
Nigeria’s President Muhammadu Buhari took the reins of leadership for another term on Wednesday, against a tense backdrop of insecurity and economic uncertainty…

 

28 May 2019
Financial Times
Muhammadu Buhari’s challenge to keep Nigeria’s lights on
Babatunde Fashola’s office was buzzing like so many Nigerian workplaces, humming and whirring as diesel generators and batteries clicked on when the power cut out. That he is Nigeria’s power minister was an irony not lost on him…

 

25 May 2019
Quartz
Nigeria’s middle class keep emigrating to Canada, Australia
When Timi and Ehis got married in a small, intimate ceremony in Lagos last October it marked the start of their new lives together—but it was not one they planned to live in Nigeria…

 

24 May 2019
Daily Post
2019 Elections: Death of 626 Nigerians unacceptable – Stakeholders
Nigerians across the country have described as most unfortunate and condemnable the death of over 600 Nigerians during the just concluded general elections…

Vanguard
626 killed in 2019 elections ― Report
No less than 626 persons were reportedly killed in the event leading to and during the conduct of the 2019 general elections in Nigeria…

 

20 May 2019
The National
Muhammadu Buhari promises to take Nigeria to the ‘next level’ after winning second term
It was billed as a close contest between two septuagenarian heavyweights vying to lead Africa’s largest democracy. But after a one-week delay, accusations of political chicanery from both sides, and election-related violence that led to at least 39 deaths, incumbent Nigerian President Muhammadu Buhari secured a second term in office over major opposition candidate Atiku Abubakar…

 

19 May 2019
Premium Times
Tension in Nigeria as Buhari govt accuses opposition of subversive tactics
The Nigerian government’s media onslaught over purported opposition plots to seize power with extralegal tactics could have a serious implication for the nation’s already fragile stability, security experts warned on Thursday…

 

10 May 2019
BusinessDay
What SBM’s Jollof index says about inflation in Nigeria’s regions
For the first time in four years since SBM Intelligence, an arm of SB Morgen, started tracking prices of key household items across major markets in Nigeria, Onitsha and Awka collected the mantle of the most pocket-friendly cities to cook jollof from Lagos…

 

8 May 2019
Al Jazeera
Nigeria tribunal to hear petitions on president’s election win
A panel of five judges at Nigeria’s appellate court opened a hearing on Wednesday into legal challenges filed by the country’s main opposition against the outcome of February’s presidential polls, as a throng of protesting women converged outside…

BBC Pidgin
Jollof rice cheap pass to cook for Onitsha and Awka inside Nigeria
City of Onitsha and Awka for Anambra State for south east Nigeria don become di cheapest city to cook jollof rice for di kontri according to report by SBM Intelligence…

 

30 April 2019
Bloomberg
Nigeria’s oil exports surge blighted by abductions, outages
A spate of disruptions and security concerns, including kidnappings, are threatening to hinder surging Nigerian oil exports…

 

29 April 2019
Oilprice.com
Africa’s largest oil producer aims to double production
Africa’s largest oil producer, Nigeria, is dusting off an ambitious plan to double its oil production by 2025, aiming to pump as much as 4 million bpd in six years’ time—a goal that analysts think may be too ambitious for the country to achieve…

 

25 April 2019
Bloomberg
Nigeria revives plan to double crude oil output, triple refining
Nigeria plans to almost double oil production and triple its refining capacity by 2025, reviving previous pledges that turned out to be hard to achieve in practice…

 

16 April 2019
Guardian Nigeria
Experts advocate data use, policy reform to tackle insecurity in Nigeria
Security experts in the country have identified data collation and usage as necessary tool to tackle insecurity in the country, while calling for a reform of policies in the sector. The pundits spoke yesterday at Securex West Africa Conference in Lagos…

News Agency of Nigeria
Experts: Data essential to tackle security challenges in Nigeria
Security experts on Tuesday said data gathering and usage were very essential to tackling security challenges in Nigeria…

 

9 April 2019
Security News Desk
Securex West Africa 2019; stand highlights
Calling all Securex West Africa 2019 visitors! Tomorrow will mark ONE week exactly until we open our doors for the 9TH edition of the region’s largest exhibition and conference for Security, Fire and Safety…

 

6 April 2019
Bloomberg
Nigeria’s suspended Chief Justice plans to retire, lawyer says
Walter Onnoghen has decided to step down as Nigeria’s chief justice, more than a month after he was suspended by President Muhammadu Buhari on the eve of general elections over allegations that he falsely declared his assets…

 

3 April 2019
Premium Times
Why ‘Third Force’ failed in 2019 elections
Before the Presidential and National Assembly polls in the 2019 general elections, there was an expectation that a ‘third force party’ would emerge to challenge the dominance of the two main political parties in Nigeria…

 

29 March 2019
Upstream Online
‘Progress’ on border dispute
A senior United Nations executive claimed that “remarkable progress” had been made in demarcating Cameroon’s disputed maritime boundary with Nigeria after the handover in 2002 of the oil-rich Bakassi Peninsula to the Yaounde-based government…

 

26 March 2019
Premium Times
Reversing Nigeria’s violent tendencies
A few nights ago, I watched in horror as a woman, the mother of two young children, wailed on national television. Her husband, a Nigerian Security and Civil Defence Corps (NSCDC) officer, Ochigbo Ogah, had been brutally murdered by policemen for violating traffic rules in Abuja, the nation’s capital…

 

21 March 2019
Upstream Online
Quick step is made for NPDC facility
State-owned Nigerian Petroleum Development Company Limited (NPDC) is in the market for an early production facility for deployment in OML 11, write Barry Morgan and Iain Esau. Days after Nigeria President Muhammad Buhari ordered NPDC to assume operatorship of the licence…

 

20 March 2019
Finacial Times
Nigeria set to sell down stake in oil ventures to boost finances
Nigeria wants to sell part of its share in oil ventures with international companies as President Muhammadu Buhari advances his post-election plans to boost state finances and accelerate energy reforms…

Quartz
New Zealand attack: Right-wing media uses Nigeria Christian killings
The repercussions of the deadly attack on Muslims in a mosque by a self-proclaimed white supremacist in Christchurch, New Zealand are reaching Nigeria…

 

15 March 2019
Upstream Online
Shell to pass OML-11 operatorship to NNPC
Nigerian President Muhammdu Buhari has unilaterally ordered operatorship of prized onshore concession OML-11, located in the restive region of Ogoniland, to pass from Shell to the Nigerian National Petroleum Corporation…

 

12 March 2019
CNBC Africa
Code of Conduct Tribunal orders daily hearing of Onnoghen’s trial
Nigeria’s Code of Conduct Tribunal says the trial of Nigeria’s suspended Chief Justice Walter Onnoghen will continue on a daily basis. According to the Chairman of the Tribunal, this move was made to ensure speedy delivery of justice. Cheta Nwanze, Head of Research of SBM Intelligence joins CNBC Africa to discuss this and analyses Nigeria’s electoral process…

 

10 March 2019
The Punch
Elections and ethnic-related violence
Elections have a way of producing the worst in Nigerians. In this wise, pent-up tribal rivalry rose to the fore during and after the presidential and National Assembly polls on February 23. Hoodlums, purportedly canvassing the cause of a political party, not only violently disrupted polling in Okota area of Lagos, they also stole ballot boxes, destroyed electoral materials and attacked some voters. The miscreants caused panic a few days later by threatening and attacking Igbo traders in some parts of the state. This is disquieting, a toxic dimension to our politics that law enforcement agencies should nip in the bud….

 

8 March 2019
Bloomberg
A hedge fund steps into Nigeria’s $9 billion corporate dispute
Nigeria potentially faces the largest financial liability in its history, and a hedge fund is coming to collect. The legal and political drama involves a deal between the country and a tiny natural gas company that was scuttled after the sudden death of Nigeria’s president in 2010…

CNN
Nigerians will head to the polls Saturday to elect governors
Nigerians will head to the polls Saturday to elect state governors and representatives to state assemblies. Elections will be held for 29 governors and all 36 state assembly houses…

 

7 March 2019
Premium Times
Lagos and the problem of low voter turnout in Nigerian elections
Despite the record number of Permanent Voters Cards (PVCs) collected ahead of this year’s general elections, Nigeria recorded lower voters turnout in the February 23 presidential election, compared to that of 2015…

 

2 March 2019
ThisDay
Election as theatre of violence
For many months before February 23, 2019, the world had focused attention on Nigeria as the country inched towards its crucial elections…

 

28 February 2019
Bloomberg
Triumphant Buhari can forget honeymoon as Nigeria woes mount
Muhammadu Buhari will have little time to celebrate his resounding victory in Nigeria’s presidential election before facing the multitude of problems dogging Africa’s biggest oil producer…

Upstream Online
Doubts cast over vote for Buhari in Nigeria
Nigerian President Muhammadu Buhari has won a second term in an electoral process that SB Morgen’s Nigerian risk subsidiary SBM Intel; said “was amongst the most flawed in the country’s history, opening the way for dissent and social strife.

 

27 February 2019
NPR
Nigerian President Buhari wins second term while opponent calls election a ‘sham’
Nigerian President Muhammadu Buhari won a second term to lead the most populous country in Africa, the country’s elections authority said Wednesday, while his main opponent promised to challenge the result in court…

 

26 February 2019
The Associated Press
Nigeria president’s campaign says he has numbers to win vote
Nigeria’s president appeared poised to win a second term in Africa’s largest democracy, with unofficial results on Tuesday showing a victory, a campaign spokesman said — news that set off celebrations in the capital…

 

25 February 2019
New York Times
Dozens dead in Nigeria as election results are delayed
Election Day violence killed at least 39 people across Nigeria, civil society groups reported, and with ballot-counting halted and rumors flying, Nigerians were left waiting on Monday for an announcement of the winner in the presidential contest…

ThisDay
Marred by glitches and violence
When Google experienced a glitch that caused the Nigerian Naira to trade at 184 per US dollar few hours before the presidential election, a clairvoyant would have interpreted it as a sign the election would be marred by glitches and violence; and would have been right…

 

24 February 2019
AP
Nigeria votes for a 2nd day in places as death toll rises
Nigeria faced a second day of voting in scattered areas Sunday in a presidential election seen as too close to call, while the death toll from vote-related violence mounted in Africa’s largest democracy…

Reuters
Observers say several killed in Nigeria poll violence
As many as 35 people were killed in election violence in Nigeria civil society groups said on Sunday after voters went to the polls in a tight presidential race between President Muhammadu Buhari and businessman Atiku Abubakar…

 

23 February 2019
AFP
Nigeria votes for a new president after delay
Nigerians vote for a new president on Saturday after a week-long delay that has raised political tempers, sparked conspiracy claims and stoked fears of violence…

 

22 February 2019
CNN
Nigerians get ready for election day (again)
Nigerians are expected to cast their ballots on Saturday, seven days after the country’s presidential and parliamentary election were abruptly postponed just hours before polling stations opened…

Reuters
Nigeria’s Buhari promises security for delayed presidential election
President Muhammadu Buhari on Friday urged Nigerians “to go out and vote”, promising there would be adequate security for Saturday’s postponed election that pits him in a tight race with businessman Atiku Abubakar…

 

21 February 2019
Quartz
Nigeria’s election delay disrupts wedding plans, life
When Gladys Megai first heard the second half of Nigeria’s elections had been rescheduled to hold on her wedding day (Mar. 9), she thought it was fake news…

 

20 February 2019
The Africa Report
Forget Nigerian election delay; Devaluation fears will drive markets
It will take much more than a one-week delay in Nigeria’s election to influence stock and currency markets…

 

18 February 2019
Guardian Nigeria
Nigerians need to be apologised to, says Former Delta speaker
Former Speaker of the Delta State House of Assembly, Hon Victor Ochei has said that independent National Electoral Commission (INEC), should properly apologise to Nigerians over the postponement of the 2019 general elections…

Pulse
Nigeria will lose over $1 billion in GDP for postponing the 2019 general elections
For postponing the Saturday, February 16 and March 2019 elections, Nigeria, Africa’s biggest economy, may lose about 2% of its GDP to the delays and other electioneering activities, analysts have projected…

 

16 February 2019
Associated Press
Nigeria’s candidates blame each other in surprise vote delay
Nigeria’s top candidates on Saturday condemned the surprise last-minute decision to delay the presidential election for a week until Feb. 23, blaming each other but appealing to Africa’s largest democracy for calm…

Bloomberg
Nigeria’s last-minute postponement throws vote into disarray
The last-minute delay of Nigeria’s general elections by a week carries dangers for both President Muhammadu Buhari and his main opponent, Atiku Abubakar…

 

15 February 2019
The Atlantic
Nigeria’s militarized democracy faces a test at the polls
Politics in Nigeria can be like General Hospital or Coronation Street—a long-running soap opera in which the cast rarely changes. Except here, it’s all about the military…

Bloomberg
Islamic State wreaks havoc as turbulent Nigeria nears vote
Amina Sanusi was getting ready for morning prayers at her home in northeastern Nigeria when she heard gunshots and explosions…

Foreign Policy
Slouching toward secession in Nigeria
As Emeka Udeze recently counted the 1,200 naira ($3.32) he made from the sale of a generator set, he turned on the radio in his store. Nearby shopkeepers began to troop into Udeze’s shop, which also doubled as a warehouse in this town in the area of eastern Nigeria that was once part of the independent state of Biafra. Every evening during the radio broadcasts, they all gather in Udeze’s shop to listen and debate…

 

14 February 2019
Africa Check
Battle of the titans: Fact-checking arch-rivals in race for Nigeria’s presidency
This week, Nigerians will elect a president. They are spoilt for choice: the official list has 73 names for the presidency, though some have since dropped out or endorsed others…

 

13 February 2019
Reuters
Nigeria’s election: young voters, old candidates
Two men in their 70s are contesting a Nigerian presidential election in which half the registered voters are aged between 18 and 35…

 

10 February 2019
AFP
Nigeria’s main parties in access row as campaign peaks
Nigeria’s president and ruling party were on Saturday accused of dirty tricks to stifle opposition support, with one week to go before the election in Africa’s most populous nation…

 

6 February 2019
BBC
Atiku Abubakar – the Nigerian operator who knows how to make money
The man aiming to wrest the Nigerian presidency from Muhammadu Buhari has built a career circling the summits of public life…

 

30 January 2019
Quartz
Nigeria’s rice tariffs not slowing imports
Rice is Nigeria’s most popular food staple. A few generations ago, pre-independence in 1960, long grain rice was something only elites had with any regularity, for many Nigerians it was something for the weekend or special occasions…

Radio France International
Nigeria’s Chief Justice sacked over undeclared assets
A political storm has broken out in Nigeria following President Muhammadu Buhari’s decision to sack the country’s Chief Justice just weeks before the presidential elections…

 

28 January 2019
AFP
Nigeria says top judge’s suspension not linked to election
Nigeria’s government has denied suggestions that the suspension of the country’s top judge on corruption charges was linked to next month’s election…

Financial Times
Nigeria warns over ‘foreign interference’ ahead of election
The Nigerian government has said it will not accept “foreign interference” in February’s presidential elections after the EU, UK and US spoke out against the sudden suspension of the chief justice…

Jesuit Review
A peaceful, if not controversy-free, transition in D.R. Congo
Opposition leader Felix Tshisekedi was sworn in as the president of the Democratic Republic of Congo on Jan. 24, marking the country’s first peaceful transfer of power since independence from Belgium nearly 60 years ago…

 

25 January 2019
AFP
Nigeria government suspends top judge before elections
President Muhammadu Buhari has suspended Nigeria’s top judge pending the outcome of his disputed trial on corruption charges, the government said Friday…

Bloomberg
Nigeria jolted ahead of election as president suspends top judge
Nigerian President Muhammadu Buhari suspended Chief Justice Walter Onnoghen just weeks before what’s set to be a tight presidential vote in Africa’s most populous nation, in a move the main opposition party condemned as an “act of dictatorship.”…

Mail & Guardian
Nigeria braces for knife-edge election (again)
His name is Jubril al Sudani, they said. The real president is dead. A clone, an impostor imported from Sudan, has been running the country for months…

 

24 January 2019
Bloomberg
Ex-world banker Oby Ezekwesili ends Nigeria presidential bid
Former World Bank Vice President for Africa Oby Ezekwesili said she was withdrawing her candidacy from next month’s presidential election in Nigeria to back an opposition coalition instead…

Mudslinging stifles policy debate in Nigerian election campaign
Nigerian election campaigns are never for the faint-hearted, but the vitriol of this year’s presidential contest is giving a whole new meaning to the phrase gutter politics…

22 January 2019
Business AM
Bankers see naira slide, high interest rate, stock fall in 2019
Amidst political uncertainties and low business confidence in the economy in the build up to the 2019 general elections, bankers under the aegis of the Financial Market Dealers Association (FMDA), are predicting a routing of Nigeria’s currency, the naira with depreciation against the United States dollar strongly seen in the first, second, third and fourth quarters of 2019…

 

 

21 January 2019
Bloomberg
Insurgents plan ‘massive attacks’ in Nigeria, minister says
Nigeria’s government has evidence that Boko Haram Islamist militants as well as armed bandits are planning to carry out attacks across the nation ahead of elections next month, Information Minister Lai Mohammed said…

 

18 January 2019
Premium Times
Farmers-Herders Conflicts: Buhari, Atiku campaign manifestos lack solutions
Nigeria may continue to walk a violent tightrope as measures towards addressing the country’s farmers-herdsmen conflict, considered a threat to national survival, are not in the re-election campaign manifesto of President Muhammadu Buhari and only mentioned with a casual air in Atiku Abubakar’s plans…

Upstream Online
Nigerian militants warn of oil production shut-down
Two affiliated militant groups operating in Nigeria’s Niger Delta have warned that they will seek to shut down oil production in coastal areas if the federal government proceeds with the prosecution of Chief Justice Walter Onnoghen…

 

17 January 2019
Bloomberg
Thatcher-loving Nigeria candidate pushes radical economic change
In Nigeria’s personality-driven politics, there’s usually little differentiating presidential candidates in terms of ideology or economic policy…

 

15 January 2019
Business Day
Onnoghen: Again, Nigeria fails democracy test
The manner of the recent planned trial of Nigeria’s Chief Justice (CJN) Walter Onnoghen by the Federal Government has once again demonstrated the country’s challenges with entrenching democratic norms, according to SBM Intelligence…

 

14 January 2019
Bloomberg
Opposition slams trial of Nigerian Chief Justice before vote
The trial of Nigeria’s top judge got underway in a case that’s prompted lawyers and opposition parties to accuse the government of trying to oust him and spark a constitutional crisis before next month’s presidential election…

 

10 January 2019
TRT World
Is the US making moves to counter Chinese and Russian influence in Africa?
The Trump administration recently launched a new Africa policy to counter the ‘predatory’ practices of Russia and China, but many experts in the region say the US is too late to the game…

 

9 January 2019
Quartz
Nigeria elections risk security crisis with Boko Haram, herdsmen
On Nov. 18, news broke about an attack on an army base in the village of Metele in northeastern Nigeria by suspected members of the Islamic State West Africa Province (ISWAP), a splinter group of Boko Haram, the terrorist organization…

 

5 January 2019
Vanguard
Southern Kaduna: I still feel unsafe
The recent violence in Southern Kaduna is the longest on the record, a newly-released report said…

 

19 December 2018
Al Jazeera
Nigeria’s former defence chief killed amid growing insecurity
Nigeria’s former chief of defence Air Marshal Alex Badeh, who was facing trial for alleged fraud, criminal breach of trust and money laundering, has been killed by unknown gunmen…

 

17 December 2018
Quartz
Nigerian Army says UNICEF, Amnesty Intl aid Boko Haram 
In less than a week, Nigeria’s military has railed against two major international organisations operating in the country…

 

15 December 2018
Punch
2019 electoral violence will be more than that of 2011
Nigeria’s private intelligence outfit which provides analysis of the nation’s socio-political and economic situation, SBM Intelligence, on Friday predicted that the electoral violence that may be witnessed in Nigeria in 2019 would be of greater magnitude than the one witnessed in 2011…

 

13 December 2018
Premium Times
How data can help young candidates run cost-effective campaigns – Analyst
The Head of Research at SB Morgen Intelligence, Cheta Nwanze, has advised young candidates in the 2019 general elections on how a good understanding of data would help them run cost-effective campaigns…

 

6 December 2018
Financial Times
Under fire: why Nigeria is struggling to defeat Boko Haram
Muna Custom House camp lies on the edge of Maiduguri, near one of many trenches surrounding the northern Nigerian city dug to help keep Boko Haram at bay…

 

27 November 2018
Al Jazeera
‘It feels like there’s no hope’: Nigeria’s worsening job crisis
There has been one single promise that has dominated the election manifestos of Nigeria’s presidential candidates as they seek to lure the support of the country’s voters ahead of polls in February: jobs, jobs and more jobs…

 

26 November 2018
ThisDay
Borno as theatre of death for soldiers
Despite repeated claims by the Armed Forces that the Boko Haram Terrorist (BHT) sect has been depleted and highly degraded, the recent actions of the terrorists certainly suggests otherwise. Week in and out, stories abound of the sect wrecking havoc on the Nigerian forces, sometimes even over running their bases and killing the soldiers.

 

25 November 2018
Financial Times
Deaths of Nigerian soldiers put pressure on president
The killings of scores of Nigerian soldiers by Boko Haram insurgents during the first week of the country’s presidential election campaign has put the administration of President Muhammadu Buhari under fire for its failure to deal with the insurgency…

 

21 November 2018
Financial Times
Nigerian voters to choose between familiar faces
When Nigerians go to the polls in February they will face a choice between two septuagenarian men they know well. Both are northern Muslims who have run for president multiple times, served at the highest levels of government and found success in their chosen fields. Besides that, President Muhammadu Buhari and former vice-president Atiku Abubakar— commonly known as Atiku — could not be more different…

 

13 November 2018
Guardian Nigeria
With gangs aplenty, Lagos inner streets know little joy
On Monday, July 23, Mariam Abiola told the police how she has killed four persons for her gang leader, each person’s life only worth ₦10,000…

 

9 November 2018
The Africa Report
Clashes and conflict
Competition for access to land has heightened the violence between herders and farmers, as criminal gangs look to profit from the chaos. With elections in 2019, will the politicians find a long-term solution..?

 

8 November 2018
Bloomberg
Nigeria President Buhari to review proposed new minimum wage
Nigerian President Muhammadu Buhari will review a proposal to increase the minimum wage by 66 percent before making final recommendations to lawmakers for approval, the presidency said…

 

5 November 2018
Bloomberg
Nigeria braces for nationwide strike over 66% minimum-wage hike demand
Nigeria is bracing itself for nationwide strike from Tuesday over demands for a 66 percent increase in the minimum wage that could drive up inflation and hamper capital spending…

Stears
More schools won’t solve Nigeria’s education crisis
Nigeria has the largest number of out-of-school children in the world – Over 13 million children. Unsurprisingly, poverty plays an important role…

 

2 November 2018
France 24
In Nigeria ‘being Shiite is being persecuted’
The bloody crackdown on Shiite protesters this week in Nigeria has highlighted the oppression of a religious minority that experts say is driven by a Sunni Muslim elite backed by Saudi Arabia…

 

30 October 2018
This Day
Assessing Nigeria’s gains from OPEC output deal
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, recently gave an account of how a 2016 oil production cut exemption granted Nigeria by the Organisation of Petroleum Exporting Countries was beneficial to the country…

World Politics Review
‘Year of the Debacle’: How Nigeria Lost Its Way in the War Against Boko Haram
Lirfa Dashe, a lieutenant in the Nigerian army, was due to get married this month. Instead he is buried in the cemetery of Mai Malari barracks, alongside other soldiers killed in the seemingly endless conflict against the jihadist insurgency of Boko Haram…

 

29 October 2018
Bloomberg
Nigeria heads to sea in search of safer future for oil producers
By early next year, the largest offshore production vessel ever delivered to Nigeria will start pumping crude from a deposit deep beneath the seabed, boosting the West African country’s oil output by about 10 percent. The project, viewed as the most ambitious in Nigeria’s history, could help to push production to a record by 2022…

 

28 October 2018
AFP
Nigeria and Benin make a new break for the border
Nigeria’s southwestern border with Benin is notoriously chaotic. Travellers and traders battle corrupt officials, hawkers and buzzing moto-taxis just to get to the other side…

 

16 October 2018
Quartz
Red Cross nurse executed by Boko Haram
Just as Nigerians were beginning to believe the worst was starting to get behind them, the terrorist group Boko Haram issued a chilling reminder of its potency…

 

15 October 2018
BusinessDay
Nigeria risks deeper financial crisis over new $2.8bn debt, minimum wage hike
Nigeria’s plan to raise a $2.86 billion Eurobond and simultaneously raise minimum wage could lead to a significant deterioration in the country’s financial position unless it is able to raise revenues…

ThisDay
Petrol subsidy to exceed $3.85bn estimate, says report
A bi-monthly update report on the state of Nigeria’s economy prepared by Lagos-based economic research and analyses firm, Financial Derivatives Company (FDC), has disclosed that with the rising prices of crude oil at the international market, petrol subsidy will exceed $3.85 billion initial estimate by the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu.

 

9 October 2018
Financial Times
Nigeria’s fuel subsidies bill set to soar on rising oil price
Rising crude oil prices are set to send Nigeria’s bill for fuel subsidies rocketing, threatening to exacerbate the already precarious economic situation of Africa’s largest oil producer as it heads into election season…

 

8 October 2018
Bloomberg
Experience trumps youth in battle for Nigerian presidency
The election to lead Nigeria, Africa’s most populous and one of its most youthful nations, will come down to a battle between a pair of experienced septuagenarians: President Muhammadu Buhari and businessman-cum-politician Atiku Abubakar…

 

2 October 2018
Bloomberg
Mini-refineries race billionaire to fix Nigerian fuel crisis
In the race to solve a fuel-import crisis in Nigeria, Africa’s richest person faces competition from a swarm of tiny challengers…

 

27 September 2018
Bloomberg
Key Nigeria unions start strike to back minimum-wage demand
Nigerian labour unions began a nationwide strike Thursday to protest stalled negotiations with the government over a new minimum wage in an action that could involve workers in Africa’s biggest oil industry.

 

23 September 2018
AFP
Nigeria’s Buhari under fire over ‘astronomic’ fuel subsidy bill
It’s only September but Nigerians are already dreading Christmas. For years, the holiday season has been marred by paralysing fuel shortages, grinding business to a halt…

 

3 September 2018
VOA
Analysts: Africa visits by Merkel and May present opportunities
British Prime Minister Theresa May got plenty of attention for her trip to Africa last week…

 

30 August 2018
Bloomberg
Nigeria’s Senate head Saraki says he’ll run for presidency
Nigerian Senate President Bukola Saraki said he’ll challenge President Muhammadu Buhari as leader of Africa’s most populous country in 2019 elections…

 

23 August 2018
Quartz
Nigeria does not know if it wants to be a socialist or capitalist country
Nigeria’s government often struggles with the idea of a free market, on one hand, it woos investors about the potential of doing business in Nigeria but on the other, it often tries to dictate how their businesses should be run…

 

21 August 2018
Pulse NG
Social media bots cast dubious shadow over next year’s elections
With Nigeria’s 2019 polls getting ever nearer, politicians are employing every weapon in their arsenals and bots are their shiny new playthings…

 

20 August 2018
Al Jazeera
Deadly cattle raids in Zamfara: Nigeria’s ‘ignored’ crisis
Besides Boko Haram attacks in northeastern Nigeria and the pastoralist crisis across the central region’s lush vegetation belt, a lesser-known conflict is brewing in the northwest, and casualties are rising…

 

16 August 2018
Bloomberg
Buhari’s not-so-secret weapon to win Nigeria’s vote: Incumbency
Nigerian President Muhammadu Buhari’s party may be wracked by defections and his battles against corruption and an Islamist rebellion under fire, but he has one crucial advantage in securing re-election: incumbency…

 

15 August 2018
CNBC Africa
Tackling Nigeria’s security challenges
The Nigerian army recently uncovered an online platform used by a faction of Boko Haram to recruit new members, this comes days after a recent protest by soldiers in Maiduguri over their redeployment, a move the army described as “unscrupulous”…

Quartz
Nigeria is trying to spend its way out of extreme poverty by cash handouts
The Nigerian government has just launched a collateral-free loan scheme which will see two million petty traders receive $28 repayable in six months…

 

2 August 2018
Al Jazeera
In Nigeria, Anglophone Cameroonians turn to low paid labour
Thousands who fled a government crackdown on protests struggle for basic necessities in neighbouring Nigeria…

 

1 August 2018
Bloomberg
Nigeria’s ruling APC bleeds as key figures abandon Buhari
Nigerian leader Muhammadu Buhari lost a key supporter in his northern stronghold, a day after the senate president walked out of the ruling party amid a wave of defections to a swelling opposition movement ahead of elections in February…

 

31 July 2018
Business Day
Nigerians paid more for jollof rice in 4 months
Price of major ingredients used in preparing a pot of jollof rice for an average Nigerian family grew by 8.3 percent in four months, according to an SBM Intelligence report.

 

27 July 2018
Bloomberg
Mass defections upend Nigerian politics as Buhari seeks new term
After a series of missteps on economic and security issues, one of the things Nigerian President Muhammadu Buhari could pin his re-election hopes on was a feeble opposition. Not anymore…

 

24 July 2018
AFP
Nigerian senators dump Buhari for main opposition
More than a dozen senators left Nigerian President Muhammadu Buhari’s ruling party for the main opposition on Tuesday, in a move seen as a challenge to his bid for re-election…

 

15 July 2018
AFP
Nigeria’s ruling party wins key state gubernatorial
A candidate from Nigeria’s ruling party won a key state gubernatorial on Sunday, the electoral body said, marking an early victory for President Muhammadu Buhari ahead of general elections next year…

 

10 July 2018
Bloomberg
Buhari faces united opposition challenge in Nigerian vote
Nigerian President Muhammadu Buhari rode to power three years ago on the back of a broad coalition determined to oust the ruling party…

 

9 July 2018
BusinessDay
Businesses delay decisions on uncertainty over 2019 elections
Nigerian businesses are putting critical investment decisions on ice ahead of the 2019 elections amid rising uncertainty over the outcome of the elections and its economic impact…

 

8 July 2018
City Journal
Lagos: Hope and warning
Lagos’s dysfunction extends out to sea. Oil tankers and container ships clutter the horizon beyond Lighthouse Beach, idling in anticipation of a docking slot at the only large-scale commercial port in Nigeria, a country of 180 million people…

 

6 July 2018
Pulse NG
How FG wants to put a permanent end to crisis with ₦179bn plan
In 2014, “Fulani militants” killed 1,229 people and earned the dubious honour of being named the fourth most deadly terrorist group in the world at the time…

 

5 July 2018
AFP
Rift opens in Nigeria’s ruling party as elections loom
Lawmakers in Nigeria’s ruling All Progressives Congress (APC) have formed a breakaway group in what is expected to be a prelude to defections as elections approach next year…

Bloomberg
Rising violence in Central Nigeria risks Buhari’s election
An age-old conflict over grazing land in Nigeria that’s exploded into widespread violence may be threatening President Muhammadu Buhari’s chances for re-election in February…

 

30 June 2018
The Punch
Persistent killings, a big blot on Buhari govt
In a style similar to the massacre they carried out in Benue State on the New Year’s Day, suspected Fulani herdsmen unleashed terror on around 11 communities in the Gashish District, Barkin Ladi Local Government Area of Plateau State on Saturday night, killing over 100 people, though police confirmed over 80 deaths…

 

29 June 2018
Quartz
Nigeria’s herdsmen farmer attacks are damaging agriculture economy
To wean Nigeria off its dependency on oil export revenue, Nigeria’s president Muhammadu Buhari has often suggested turning attention to agriculture…

Upstream Online
UN alert at Cameroon crisis
The United Nations is rapidly increasing its presence in Cameroon to assist a burgeoning humanitarian crisis and protect more than 200,000 internal refugees displaced by deepening civil strife…

 

27 June 2018
Quartz Africa
More than 200 killed in herdsmen-farmers clash
The spate of Nigeria’s violent pastoral conflicts is showing no signs of abating…

 

6 June 2018
Bloomberg
Nigerian lawmakers draw battle line for Buhari as vote looms
Nigerian lawmakers drew a battle line with President Muhammadu Buhari ahead of February elections by issuing a list of demands that must be met or they will take unspecified legislative measures against him…

 

30 May 2018
CNBC Africa
Nigeria’s democracy scorecard
In his democracy day address President Muhammadu Buhari restated his commitment to his administration’s three points of focus, which are security, corruption and the economy…

 

29 May 2018
The Jesuit Review
Can the church in Nigeria stop the violence between herders and farmers?
In the bustling capital of Ikeja in Nigeria’s Lagos State, thousands of lay faithful throng into St. Leo’s Catholic Church on May 22 to attend a requiem Mass…

 

27 May 2018
Nigeria Today
Nigeria Population Crisis: We are sitting on a time bomb
On Saturday, August 5, 2017, Senator Ben Murray Bruce tweeted something so alarming and dangerous…

 

9 May 2018
BusinessDay
FG codeine ban, Emzor Pharma closure a knee jerk response – Experts
The recent ban on codeine-containing cough syrup by the Federal Government, shutting down Emzor Pharmaceuticals Ind. Ltd., Peace Standard Pharmaceutical Limited and Bioraj Pharmaceutical Limited is a knee jerk response to the drug abuse problem experts have said…

 

8 May 2018
CNBC Africa
Buhari in UK for medical check-up, violence breaks out at APC meeting
On Sunday violence broke out at the All Progressives Congress meetings in several states in Nigeria…

 

26 April 2018
DW
Nigeria’s communal violence: It’s about more than land
Clashes between herders and farmers in Nigeria have left hundreds dead in the past few months. While West African regional leaders met to address the crisis, Nigerian lawmakers are calling President Buhari to task…

 

25 April 2018
AFP
Caution urged over latest central Nigeria violence
Nomadic herders have been accused of killing at least 18 people in central Nigeria, including two priests…

 

17 April 2018
The Nation
What herdsmen have put asunder in Taraba
The lingering clashes between itinerant herdsmen and farmers in Taraba State are taking their toll on people and properties…

 

12 April 2018
Premium Times
Buhari blames Gaddafi for killings across Nigeria
President Muhammadu Buhari on Wednesday publicly blamed former Libyan leader Muammar Gaddafi who was killed seven years ago for the ongoing killings across central Nigeria.

 

9 April 2018
AFP
Nigeria’s Buhari to run for re-election next year
Nigerian President Muhammadu Buhari declared Monday he would seek re-election next year, in a move that put an end to months of speculation amid concerns over his health…

Bloomberg
Nigerian President Buhari will seek second term in 2019
Nigerian President Muhammadu Buhari has decided to run for re-election in February ending months of speculation about whether the former military ruler would seek a second term…

 

29 March 2018
AFP
Lagos on lockdown as Buhari makes landmark visit
Lagos, Nigeria’s thriving economic capital, was on lockdown Thursday for President Muhammadu Buhari’s first official visit to the city as campaigning for next year’s presidential polls heats up…

The Nation
BudgIT to FG, others: Invest in people
A civic organization, BudgIT Nigeria, has called on the Federal, State and Local Governments to invest on Nigerians…

 

28 March 2018
Guardian Nigeria
The worrying rise in the cost of preparing a pot of Jollof Rice
The figures from the first SBM Intelligence’s Jollof Rice Index for 2018 are in. But there is not much to cheer…

 

20 March 2018
Bloomberg
Buhari’s trump card for Nigeria’s 2019 vote: Weak opposition
Samuel Okunola shares the frustration of many Nigerians with the man he voted for three years ago, President Muhammadu Buhari…

 

14 March 2018
Business Day
Inside the Lagos/Visionscape deal that costs taxpayers up to ₦85bn
In 2016, Akinwunmi Ambode the Lagos State Governor had a bright idea to reform the established Waste Management processes for one of the largest cities in the world…

Daily Times
Nigeria’s economic fragility: Issues, challenges
Reports by the National Bureau of statics (NBS) shows that the country’s economy has sustained growth trajectory in two successive quarters, just as global economy experts say otherwise.

 

13 March 2018
The Nerve Africa
What exit from Egmont Group would mean for Nigeria
One of the discussions that are expected to come up during the Egmont Group’s meeting this week will be about Nigeria’s expulsion from the group.

 

12 March 2018
The Africa Report
Nigeria: Lights, camera, action
The opening credits are rolling on Nigeria’s promised epic: ‘Beyond Oil Dependency’, an uplifting tale of agro-processing plants, tech innovation, manufacturing investment and a multibillion-dollar entertainment industry – starring Yemi Osinbajo and Okechukwu Enelamah…

Premium Times
Benue Killings: Signpost blaming ‘Fulani herdsmen’ for 73 deaths causes stir
A row has broken out over the language of a signpost installed at the grave site of those killed in violent attacks on communities in Benue State early January…

 

8 March 2018
Christian Science Monitor
In Nigeria’s diverse Middle Belt, a drying landscape deepens violent divides
A dozen young boys in bedraggled shorts play football on a dusty field at the central primary school in Guma district, in central Nigeria’s Benue state…

 

6 March 2018
Bloomberg
Buhari grapples with widening crises as Nigerian vote looms
Islamist militant attacks, gasoline shortages, worsening violence over grazing land, simmering unrest in the southeast — the crises keep mounting for Nigerian President Muhammadu Buhari less than a year before general elections…

 

5 March 2018
CNBC Africa
Uncertainty heightens as Egmont Group plans to expel Nigeria
Ikemesit Effiong, Lead Analyst, SBM Intelligence joins CNBC Africa to discuss the economic implications of Nigeria’s possible expulsion from the group.

 

28 February 2018
Guardian Nigeria
Nigeria, Cameroon and unwanted headaches
Besieged by an unending campaign of terror by Boko Haram in the northeast, secessionist agitations in the southeast, and vicious attacks by suspected Fulani herdsmen in north central states and elsewhere, Nigeria is a country in need of an urgent reprieve…

 

13 February 2018
Quartz
Nigeria’s Buhari mulls 2019 election taking on PDP, Obasanjo coalition and third forces
If everything goes according to plan, Nigerians will be going to the polls to elect a president almost precisely a year from now, on Feb. 16 2019…

 

12 February 2018
Quartz
Fulani herdsmen clashes are redefining Nigeria’s geopolitics
On the weekend of Jan. 20, a Fulani ethnic militia attacked the village of Kikan in the Numan district of Adamawa state, killing three people, injuring many more and carting away cattle…

 

10 February 2018
Daily Times
Revealed: ‘Research can end farmers, herdsmen clashes within one year’
For many citizens of Benue State and Nigerians, it was a day they would not forget in a hurry…

 

7 February 2018
Sahara Reporters
Situating the herdsmen crisis within a historical context
The spate of killings by Fulani herdsmen has gone up another notch during the turn of the year, this has raised so many questions on the motive behind the killings and how it can be managed…

 

5 February 2018
BusinessDay
FG burns ₦191bn on dollar subsidy for companies in 2017 crude swap deals
Nigeria’s unsustainable subsidy for the consumption of petrol has the economy bleeding from both ends as the Federal Government burnt ₦191 billion subsidising foreign exchange for companies in its Direct Sales-Direct Purchase agreement who exchange crude oil for refined products, and ₦746.79 billion on petrol subsidy since February 2017…

Premium Times
Fears heighten as Egmont Group plans to expel Nigeria
Millions of bank depositors will be exposed to risk while trying to use their Nigerian-issued MasterCard and Visa debit/credit cards for international transactions in the coming weeks as the Egmont Group is poised to expel the country from the group, PREMIUM TIMES has learned…

 

1 February 2018
Bloomberg
Nigeria and Rusal settle battle over aluminum smelter ownership
Nigeria reached an out-of-court settlement with United Co. Rusal Plc over the sale of the Aluminium Smelter Co. of Nigeria, ending a decade long ownership dispute over the company…

 

25 January 2018
Africa Check
Did ‘at least 50,000’ Nigerians die from terrorism in 2017?
Nigeria’s internal security challenges continue to be a source of national debate, but is the death toll from terror attacks as high as a prominent critic said..?

 

24 January 2018
AFP
Battle for land becomes Nigeria’s biggest security challenge
Boko Haram may dominate headlines about Nigeria, but more than twice as many citizens are being killed in battles over land between farmers and herders than they are by jihadists…

 

23 January 2018
AFP
Nigeria’s former president says Buhari should not seek re-election
Nigeria’s former president Olusegun Obasanjo on Tuesday called on the country’s current leader Muhammadu Buhari not to seek a second term of office, in wide-ranging criticisms that could hit his support should he decide to stand…

Stears Business
Herdsmen on Rampage: Follow the Money
There is a turning point in any conflict that demands attention…

 

19 January 2018
The Cable
Buhari cannot run, time ran out on him
This year is not looking good for President Muhammadu Buhari…

 

15 January 2018
Bloomberg
Farmer-Herder violence in Central Nigeria challenges Buhari
Already grappling with Islamist militants in the northeast, secessionists in the east and unrest in the oil-rich Niger River delta, Nigerian President Muhammadu Buhari is facing an upsurge in violence between crop farmers and herders that may threaten his party’s election chances next year…

BusinessDay
Time to end the deadly herder-farmer conflicts
The government and people of Benue State in Nigeria’s north-central zone on January 11 buried over 70 people killed in attacks carried out by suspected Fulani herdsmen in Guma and Logo Local Government Areas of the state between December 31, 2017 and January 8, 2018…

 

12 January 2018
BBC Pidgin
Fulani herdsmen: Nigeria suppose declare dem terrorists?
Di governor of Ekiti State, south west Nigeria, Ayodele Fayose, do security meeting with dozens of local hunters for Ado-Ekiti, di state capital, on top di matter of herdsmen dis week…

Quartz Africa
A new wave of brazen attacks by herdsmen in Nigeria is sparking fears of genocide
Since the start of the year, Nigerians have been served bloody reminders that Boko Haram is no longer the country’s biggest internal security threat…

 

10 January 2018
Odua Voice
Suspected herdsmen ambush, kill six police officers in Adamawa
Six police officers were killed in northeast Nigeria, police said on Monday, in an attack blamed on cattle herders following deadly clashes with farmers over land…

 

1 January 2018
Guardian Nigeria
After a bleak 2017, what hope for Nigeria in 2018?
2017 was bleak; blighted by inflation, recession, government prevarication on important decisions, an insincere war on corruption, uptick in Boko Haram attacks (mostly on soft targets) and needless pastoral conflicts…

 

31 December 2017
BusinessDay
Why Nigerian communities growing in hatred against Fulani herdsmen
In various parts of Nigeria, the Fulani herdsmen are increasingly viewed with suspicion and are being regarded as enemies by indigenous communities, a recent research by SBM Intelligence, a Lagos-based organisation devoted to the collection and analysis of information, through the evaluation of public sources has shown…

 

5 December 2017
IranWire
Can Iran benefit from chaos in Nigeria?
In the grainy video, it looks just like another Nigerian roadblock, as youths armed with clubs signal for the traffic to stop on this dusty street in the northern city of Zaria…

 

4 December 2017
AFP
Six police killed in NE Nigeria herder-farmer dispute
Six police officers were killed in northeast Nigeria, police said on Monday, in an attack blamed on cattle herders following deadly clashes with farmers over land…

 

1 December 2017
BusinessDay
FG failure to tackle herdsmen farmer crises worsens conflict
Nigeria’s pastoral conflict is expanding and deepening with many communities, Fulani and non-Fulani alike, beginning to take matters into their own hands, as they step into a gap created by the Federal Government’s failure to address the crises…

 

30 November 2017
Bloomberg
Security agency feuds threaten Buhari’s graft war in Nigeria
When agents of Nigeria’s financial crimes body arrived this month to arrest a former intelligence chief fired by President Muhammadu Buhari for stashing $43 million in cash in his wife’s apartment, they were stopped by armed secret policemen…

Punch
Farmers poisoning crops to kill herdsmen’s cows – Group
An organisation, SB Morgen, has called on the Federal Government to take decisive steps in addressing the conflict between farmers and Fulani herdsmen…

 

22 November 2017
CNBC Africa
Mugabe bows out: Why is it African leaders don’t want to leave power?
The resignation of Zimbabwean President Robert Mugabe is a promising step in rebuilding the country…

 

17 November 2017
Daily Times
#AnambraDecides2017: Who wins Anambra governorship election tomorrow?
Periodic, free and fair election is a major feature or characteristics of democracy.

 

11 November 2017
Punch
Herdsmen crisis: Oyo, Ogun, Ondo, four others move to enact anti-open grazing law
After the passage of anti-open grazing laws in Ekiti and Benue states, other states like Ebonyi, Ondo, Abia, Imo and Ogun are moving to introduce similar laws to curb clashes between herdsmen and farmers within their respective boundaries…

 

3 November 2017
Bloomberg
Militants in Nigeria’s oil region end ceasefire, will resume attacks
A militant group in Nigeria’s southern Niger River delta, whose attacks on oil installations in 2016 cut output to the lowest in three decades, said it ended its self-imposed cease-fire and will resume its violent campaign…

The Cable
On BVN and dormant accounts
The bill to mop up over N3 trillion from dormant accounts – especially funds deposited by deceased folks which their next of kin aren’t aware of — in Nigerian banks and an estimated N100 billion of unclaimed dividends held back by companies passed first reading in April in Nigeria’s Senate…

YNaija
Budget 2018: Four items Nigerians will be looking out for
What will be the major talking points in President Buhari’s 2018 budget which he would present to the National Assembly next Tuesday?..

 

28 October 2017
The Punch
Herdsmen attacks: Pathetic lives, touching stories of Nigerian local farmers
The large crowd of protesters on Igbatoro-Akure Road in Ondo State reflects the sense of loss and grief felt throughout Ileyo village, an agrarian community in Igbatoro, Akure North Local Government Area of the state…

 

19 October 2017
Daily Times
Nigeria watches as Spain moves to suspend Catalonia’s autonomy
Spain will start the process of suspending Catalonia’s autonomy on Saturday, after Catalonia’s leader, Carles Puigdemont, threatened to declare independence, and then missed a deadline imposed by the central authorities to carry out his threat…

 

12 October 2017
Premium Times
Kabba-Kafanchan, Benin bypass, Onitsha-Enugu, Lokoja-Ajaokuta among ‘Nigeria’s worst roads’- Report
The Kabba-Kafanchan, Benin bypass, Mokwa-Jebba, Lokoja-Ajaokuta, Aba-Obigbo, Onitsha-Enugu, and Idoma-Benue highways have been listed as among Nigeria’s worst roads, according to a survey by SBM Intelligence…

 

11 October 2017
Daily Times
SBM unveils Nigeria’s worst roads
SBM Intelligence, a geopolitical and socio-economic research firm, on Tuesday, unveiled the worst roads in Nigeria…

 

10 October 2017
Raddington Report
Nigeria’s next security threat
In the slow demise of Boko Haram a new, larger scale security risk has emerged: militarised Fulani herdsmen…

 

5 October 2017
Barron’s
Catalan secession vote, Nigeria nightmares?
Religion, poverty and oil exacerbate ethnic and tribal divisions in Nigeria, which is why people in its southern region once known as the self-declared Republic of Biafra have a keen eye on Catalonian secessionists…

 

4 October 2017
Bloomberg
Nigerian minister is said to question $24 billion oil deals
Nigeria’s oil minister sent a letter to President Muhammadu Buhari listing at least $24 billion of contracts involving the state oil company that he said were never discussed with him or the firm’s board, a copy of the document seen by Bloomberg shows…

BusinessDay
Nigeria @ 57: National cohesion still elusive 57 years after
Perhaps at no time in Nigeria’s history, since after the civil war (1967-1970), had the country’s unity been more challenged than now…

 

27 September 2017
Guardian Nigeria
Finally, stability returns on food index
The SBM Jollof index is a composite index that tracks the prices of the main ingredients used to prepare a pot of one of Nigeria’s primary delicacies – Jollof rice, for a family of six…

Irin
Back to war: Cameroon forcibly deporting Nigerian refugees
Cameroonian soldiers are using “extreme physical violence” to force tens of thousands of refugees fleeing the Boko Haram insurgency to return to northeastern Nigeria, Human Rights Watch has warned…

 

20 September 2017
All Africa
Nigeria: Herders against farmers – Nigeria’s expanding deadly conflict
Propelled by desertification, insecurity and the loss of grazing land to expanding settlements, the southward migration of Nigeria’s herders is causing violent competition over land with local farmers…

 

16 September 2017
ThisDay
With ₦5bn intervention fund, FG seeks to boost solid minerals sector
Efforts to grow and develop the country’s mining sector to make it contribute more effectively to government revenues got a boost with the launch of a ₦5 billion fund for artisanal and small scale miners recently…

 

11 September 2017
Bloomberg
Cracks grow in Nigerian ruling party over Buhari’s plans
With doubts growing that Nigerian President Muhammadu Buhari will seek a second term because of lingering health issues, cracks are emerging in the ruling All Progressives Congress as key politicians jostle to succeed him…

The Punch
National Guard is a misplaced venture
Confronted with dire security threats, the Nigerian government is, as usual, seeking to compound the problem. The recourse to the establishment of a National Guard as espoused by the Minister of the Interior, Abdulrahman Dambazau, is wrong-headed and misses the point. The solution to rampant insecurity and the failure of policing requires more robust and practical measures such as devolution of law enforcement and extensive reforms of the security apparatus…

 

6 September 2017
Daily Independent
Economy remains weak as Nigeria exits recession
Nigeria’s economy, which entered into recession for the first time in 29 years in 2016, when it closed at -1.58 percent has officially swam out of trouble waters, according to National Bureau of Statistics (NBS) on Tuesday…

 

5 September 2017
The News & Observer
Nigeria, South Africa say they are out of recession
Two of Africa’s leading economies said Tuesday they have emerged from recession…

 

2 September 2017
The Cable
NNPC has to urgently clarify its recent reshuffling
There is no doubt that perceived marginalisation by some ethnic groups has exacerbated hate speeches in the country…

 

24 August 2017
The Economist
The high cost of red tape in Nigeria
Many Nigerians may see building a hotel as an easy way to launder money…

 

23 August 2017
Quartz
Boko Haram is using more children as suicide bombers in Nigeria
To keep its deadly insurgency alive, terrorist sect Boko Haram is doubling down on a new extreme: using child suicide bombers…

 

22 August 2017
YNaija
Nnamdi Kanu: The man who was born to restore Biafra
Fifty years after the Nigerian civil war, Nigeria is facing another wave of agitation for the independence of a Biafran state…

 

21 August 2017
Bloomberg
Nigeria’s Buhari vows to intensify war on militants
Nigerian President Muhammadu Buhari vowed to step up the fight against the Islamist militants and proponents of secession in his first speech after returning from three months of sick leave in London…

 

10 August 2017
Guardian Nigeria
Badoo’s trail of blood and dark statistics
In May 2017, Nigeria’s National Bureau of Statistics rated the country’s commercial capital and one of its most populated states, as the most crime-infested in 2016…

 

28 July 2017
Premium Times
Badoo: 72 per cent Ikorodu residents no longer go out at night – Report
A new report by SBM Intel has shown that seven out of every ten residents in Ikorodu, a Lagos suburb, greatly curtailed their nocturnal activities due to the activities of the dreaded Badoo gang…

Radio France International
Boko Haram attack stops Nigeria oil company’s search for crude
Nigeria’s national oil company (NNPC) suspended its crude oil exploration in the Lake Chad Basin on Friday, after an ambush by Boko Haram left 48 of its employees dead…

 

 

24 July 2017
CNBC Africa
Nigeria’s battle with insecurity
According to the U.S. government, Nigeria’s counter-terrorism strategy, which is a combination of synergy, intelligence and information-sharing will help curb the insurgency that has plagued the country…

 

22 July 2017
Daily Trust
The war for grazing lands in Africa
Nomadic cattle farming in Africa is often imagined as picturesque and idyllic. In reality, present-day nomadic cattle herders in the East and West of the continent carry Pump Action, AK 47’s, and other machine guns…

 

18 July 2017
The Week
Has Boko Haram been defeated by Nigeria?
Nigerian troops say they have beaten the Boko Haram militants who have been waging a long and bloody insurgency aimed at establishing an Islamic caliphate in the north of the country…

 

14 July 2017
Breitbart
Nigeria again claims to have ‘defeated’ Boko Haram after first victory cry in 2015
The Nigerian military has once again claimed to have “defeated” Boko Haram. Lt. Gen. Tukur Yusuf Buratai, the chief of the Nigerian army, recently told BBC at the end of last month the jihadist group has been “defeated” militarily but “not eliminated.”…

 

12 July 2017
Newsweek
Missing President of Nigeria Muhammadu Buhari receives visit from his deputy. But why now?
For a short time this week, Nigeria—one of the world’s most populous countries and Africa’s biggest economy—was leaderless…

 

10 July 2017
Business Day
Executive, Legislature squabbles may slow economic recovery-analysts
Nigeria, which is currently battling its first recession in 25 years could slip deeper into crisis if the present power tussle between the executive and legislature is not tamed, analysts warn…

Quartz
Nigeria keeps saying it has defeated Boko Haram against all the evidence
Not for the first time in the last two years, Nigeria’s government has claimed to have defeated terrorist sect, Boko Haram…

 

30 June 2017
African Independent
Farmers and pastoralists clash over access to land
Goska is five minutes up the road from Dangoma in Nigeria’s Middle Belt region. But divisions between the two villages run so deep they threaten the unity of Africa’s most populous nation…

 

24 June 2017
Newsweek
Why is Nigeria one country and who wants to divide it?
Nigeria is under threat. The West African country has the biggest population and second-largest economy on the continent. It is also one of the most ethnically diverse countries in Africa…

 

23 June 2017
Guardian Nigeria
Jollof: Is Nigeria’s claim to supremacy under threat?
In the days of yore, the Nigerian Super Eagles were a national treasure: the players were our go to persons when an aching nation needed to smile and find a common ground to bump fists in bars and, perhaps, forget our off-putting ethnic-based mutual suspicions…

 

22 June 2017
BusinessDay
Chevron Nigeria staff embark on strike over planned job cuts
Staff of Chevron Nigeria, today, embarked on a strike action over a staff rationalisation exercise planned for August BusinessDay has learnt…

 

14 June 2017
Irin
The deadly conflict tearing Nigeria apart
Bullet holes and abandoned, burned-out buildings in Goska are evidence something sudden and terrible happened there. Moses Berde, the village head, explains that more than 40 people were killed and over 100 homes destroyed in back-to-back attacks on 24 and 25 December last year…

 

12 June 2017
Newsweek
Meet Evans, Nigeria’s most wanted kidnapper, captured after gun battle
Kidnap for ransom is big business in Nigeria. It has one of the highest abduction rates in the world, with the U.S., U.K. and other governments warning travelers to the West African country that kidnapping is a real possibility. But Nigerian authorities are hoping that the risk has been significantly decreased after they captured alleged kidnapper Chukwudi Dumem Onuamadkie, also known as Evans, over the weekend…

 

2 June 2017
Guardian Nigeria
Nigeria has retrogressed, says poll
Eighty-eight per cent of Nigerians have agreed with the poor mid-term score given by analysts of the President Muhammadu Buhari administration while 56 per cent of this number have judged the country as worse of where it was, two years ago…

 

1 June 2017
The Cable
How much has Buhari, APC delivered in 2 years
Just how much has the Muhammadu Buhari-led administration delivered in two years?…

 

30 May 2017
Al Jazeera
50 years on: Nigeria’s Biafra secessionist movement
On Biafra Remembrance Day we ask pro-secessionist leader Nnamdi Kanu if the call for secession is growing louder…

Premium Times
Two years on, Northern supporters await Buhari’s magic
He never called himself a revolutionist – he was a former military dictator who imposed draconian laws – but President Muhammadu Buhari’s electoral campaign in 2014 and 2015 can be described as revolutionary…

 

29 May 2017
The Cable
Revival of rail sector, low priority to education — 16 highs and lows of Buhari’s govt
The administration of President Muhammadu Buhari is marking its second year in power. An administration that was dubbed a “messianic” one considering that its emergence saw an end to the 16 uninterrupted years the Peoples Democratic Party (PDP) had governed Nigeria…

Guardian Nigeria
Osinbajo, critics disagree over Buhari’s mid-term scorecard
In spite of the groundswell of criticism of its performance in the past two years, especially in its handling of the economy, the Nigerian government has insisted that it was on course in its mission to change the fortune of Africa’s most populous country…

 

28 May 2017
Guardian Nigeria
Frustration and hope: Biafra 50 years on
Nigeria on Tuesday marks 50 years since the declaration of an independent Republic of Biafra plunged the country into a civil war, amid renewed tensions and fresh calls for a separate state…

 

25 May 2017
Punch
Buhari’s performance in two years too poor– Report
As the first two years of the President Muhammadu Buhari-administration winds down this month, only four per cent of the 171 promises made to Nigerians in the build-up to the 2015 elections have been fulfilled, a new report by SBM Intelligence has revealed…

 

23 May 2017
Quartz
Nigeria has now been in recession for five quarters—but there may be light at the end of the tunnel
Nigeria’s economic worries are not yet over. Statistically, at least. With negative growth recorded for the fifth consecutive quarter,Nigeria’s economy remains mired in recession, according to newly published data by the National Bureau of Statistics (NBS)…

Vanguard
Nigerian economy shrinks by 0.5%: data
Nigeria’s economy contracted for a fifth straight quarter, official figures showed Tuesday, as low oil production dented overall output…

 

19 May 2017
Bloomberg
Union dispute with Exxon threatens Nigeria’s oil output
Nigeria’s manager-level oil union will continue a strike indefinitely at Exxon Mobil Corp.’s local unit, threatening output after talks with the company to end the action reached an impasse, a labor official said…

 

9 May 2017
The Africa Report
Proxy warfare
Allies of Iran and Saudi Arabia are fighting it out in Nigeria, with the government repressing the Shia organisation, Islamic Movement in Nigeria, in a move reminiscent of the conflict that radicalised the Boko Haram Islamist militancy…

 

25 April 2017
Vanguard
World Bank applauds Fashola’s power plan, offers financial support
The World Bank and some multilateral agencies in Washington have applauded the power sector recovery plan of Minister of Works, Power, Housing, Mr Babatunde Fashola, and offered to render financial support…

 

23 April 2017
NPR
Clashes over grazing land in Nigeria threaten nomadic herding
Nasir Abdullahi is sitting in a mall in downtown Abuja, sipping fresh juice and eating plantain chips. Small, distinguished with an embroidered cap, Nasir looks like your typical Northern Nigerian businessman, but he’s also a farmer…

 

21 April 2017
Quartz
African governments are restricting religious freedom for security reasons more than anywhere else
Countries in sub-Saharan Africa experienced the largest increase in social hostilities towards religious people globally in 2015, a new Pew Research Center study shows. This aggression stemmed largely from government harassment of religious groups in the name of security, and increased antagonism towards minority religions or practices…

 

13 April 2017
Upstream Online
Questions are raised over Niger Delta amnesty funding
Nigerian lawmakers are investigating an alleged lack of funding for the amnesty programme for Niger Delta ex-militants that many believe has discouraged support for insurgent groups in the country’s oil-producing zone…

 

4 April 2017
Bloomberg
Buhari’s change of tack in Nigeria Delta boosts oil production
When militants in Nigeria’s southern Niger River delta started attacking oil installations, President Muhammadu Buhari promised to crush them by force. A year and $7 billion in lost oil exports later, his decision to switch tack by negotiating with the fighters seems to be working…

 

26 March 2017
Channels TV
Assessing Buhari Govt’s Performance: Spotlight On Works
What is the state of Nigeria’s roads?

 

18 March 2017
Guardian Nigeria
The Jollof Rice Index as a window into food inflation
In a week where the National Bureau of Statistics confirmed that the rise in inflation had slowed, fledgling Lagos-based research organisation, SBM Intelligence, has released a new product called SBM Jollof Index which examines the cost of preparing a Nigerian delicacy – Jollof Rice, for a family of six…

 

17 March 2017
Premium Times
Cost of making jollof rice rose 32 percent in 6 months – Report
Within the last six months, Nigerian households paid significantly more to make a pot of jollof rice, a newly-released survey found this week…

 

13 March 2017
Bloomberg
Nigeria’s proposed sale of oft-bombed oil assets not easy
For sale: stakes in oil fields. Bids from world class energy companies preferred. Pipelines and terminals associated with the deposits only blown up about a dozen times in the past year. Deal may depend on crude prices…

 

10 March 2017
Financial Times
Nigerian leader returns from medical treatment overseas
Muhammadu Buhari, Nigeria’s president, has returned to the country after 50 days of medical treatment in London, saying he will go back to work on Monday…

 

4 March 2017
Business Insider/AP
Nigeria wants Shell to open major pipeline but attack feared
Nigeria wants Royal Dutch Shell to reopen one of its main pipelines but the oil multinational is resisting, analysts say, for fear it could once again be bombed by militants…

 

28 February 2017
Bloomberg
Airport shutdown, brigands leave Nigerian capital isolated
Foreign travelers planning to reach the Nigerian capital, Abuja, next month have two choices: make a 15-hour drive from the southern commercial hub of Lagos or fly to the northern city of Kaduna and ride through an area plagued by kidnappers and gunmen…

 

21 February 2017
Christian Solidarity Worldwide
Nigeria at least 21 dead in Kaduna State
Fulani herdsmen raided communities in Kaduna State on 19 and 20 February destroying homes and killing at least 21 people…

 

17 February 2017
AP
11 dead as Nigerian troops repel Boko Haram suicide bombers
Battling multiple bombers strapped with suicide vests, Nigerian troops and civilian self-defense fighters on Friday repelled the fiercest Boko Haram extremist attack in months on the key northeastern city of Maiduguri. Nine bombers and two civilians were killed, according to witnesses, soldiers and police…

 

13 February 2017
Guardian Nigeria
2016: Nigeria’s dismal security situation and the task ahead
With its leader still elusive, and its ranks fractured by infighting occasioned by a struggle for power and control, Boko Haram’s ignoble roles in the spread of global terrorism was considerably weakened in 2016…

Thomson Reuters Foundation
Nigeria’s spiralling herdsmen-farmer violence fuels fears of humanitarian crisis
When 60-year-old Ladi Habila heard gunshots ring around her village in Nigeria’s Kaduna state on Christmas Eve, she cast aside the meal she had been preparing, and ran for her life…

 

12 February 2017
Premium Times
Latest violence in Southern Kaduna longest on record — Report
The recent violence in Southern Kaduna is the longest on the record, a newly-released report said…

 

11 February 2017
BusinessDay
Southern Kaduna crisis threatens Nigeria’s ₦218bn railway projects
The hope of up to 90 million northern Nigerians that their economy will be better with the development of the country’s railway system may be crushed by the ongoing crisis in Southern Kaduna, Nigeria’s third most populated state…

 

25 January 2017
Newsweek
Nigerian governors blame immigrant herdsmen for deadly pastoral conflict
Governors in northern Nigeria have pledged to secure regional borders to address the fighting between roaming Fulani herdsmen and farming communities, a conflict which was more deadly than the Boko Haram insurgency in 2016…

 

22 January 2017
YNaija
Factcheck: The defeat of Boko Haram is not a defining metric of President Buhari’s commitment to combating insecurity
On the 8th of January Pastor Tunde Bakare stood before his congregation (Latter Rain Assembly) to give his annual State of the Nation address. It is a speech that ties together events of the past year in Nigeria and the world, and the projections (and sometimes prophetic declarations) for the new year…

 

19 January 2017
Quartz
Nigeria now has a bigger internal security threat than Boko Haram
For much of the last seven years, the biggest threat to Nigeria’s security has been a devastating insurgency led by terrorist sect, Boko Haram, but that’s no longer the case…

 

12 January 2017
CNBC Africa
Has Boko Haram been truly defeated?
The Nigerian army late in December 2016 said it had brought down the last stronghold of the Islamic militant group Boko Haram. The terrorist group that has waged a seven-year uprising against Nigeria, which has claimed more than twenty thousand lives, with the insurgency spilling over the country’s borders into neighbouring states. Has Boko Haram been truly defeated?

 

5 January 2017
Guardian Nigeria
Nobel Peace Prize for Nigerian leaders?
“Nigeria will reach a deal with Niger Delta militants in 2017.” That is the topmost prediction by SB Morgen, one of the up and coming, risks analysis, intelligence and consulting groups in Nigeria. It is a bold and an important prediction. Bold, because the crisis in the Niger Delta has lasted nearly as long as the rebellion led by the Marxist-leaning Revolutionary Armed Forces of Colombia (FARC), which began its revolutionary war in 1964. The Niger Delta crisis first erupted with Isaac Boro’s declaration of “twelve day revolution” in 1966…

 

3 January 2017
Quartz
Nigeria will get its economy back on track in 2017 if it makes politically risky reforms
For much of the past year, Nigeria’s economy, the largest on the continent, has been mired in a recession. Shocked mainly by a fall in the price of oil, the country’s biggest export, and a resumption of militancy in the oil-rich Niger Delta region which hobbled oil production, Nigeria’s economy ended 2016 on course for a full year of negative growth…

 

20 December 2016
BusinessDay
Is redemptive governance Nigeria’s option
Nigeria remains politically and developmentally in the wilderness, due to poor leadership and governance challenges. Nigerians still pray for Nigeria in distress, knowing that prayer “has great powers to produce results.” But Nigeria’s resort to prayer, simply underlines that governance fails when it’s not redemptive; Karl Marx’s contention that “religion is the opiate of the masses,” notwithstanding. It’s now obvious that turning Nigeria requires redemptive governance; a non-partisan coalescing of various individuals — sufficiently bold and selflessly honest — “men who possess opinions and a will” to rethink Nigeria’s remediation modalities and indeed, make Nigeria functional again…

 

18 November 2016
Bloomberg
Nigeria proposes jail time, fines, as it tries to boost naira
Nigeria plans to give the central bank more power to control capital flows and prevent foreign-exchange being taken out of the country, including jail time and fines for offenders as authorities battle a shortage of dollars…

 

15 November 2016
Newsweek
Why Nigeria’s Shiite conflict is flaring up again
On October 12, Shiite Muslims marked Ashura, the holiest day of their religious calendar, when devotees mourn the death of the Prophet Muhammad’s grandson. But for Nigerian Shiites, the mourning was not just symbolic: Security forces and angry Sunni mobs disrupted processions across northern Nigeria, killing at least 11 people. The country’s biggest Shiite organization, the Islamic Movement in Nigeria (IMN), claims government-backed thugs also looted and burned Shiite homes and businesses. The central government has not responded to the claims, but the state government in northern Nigeria where the violence took place has blamed “mobs” for the violence…

 

9 November 2016
Daily Mail
The world reacts to President Trump: Putin says he wants to ‘fully restore’ ties with America while France’s US ambassador declares ‘the world is collapsing before our eyes’
World leaders have reacted with disbelief after the surprise election of Donald Trump as US president – and Russian President Vladimir Putin has become one of the first to congratulate the Republican on his win…

 

27 October 2016
AP
ExxonMobil strikes 1-billion-barrel well off Nigerian shores
ExxonMobil says it has discovered up to 1 billion barrels of oil off Nigeria’s shores. A statement Thursday says the “significant discovery” at Owowo-3 well extends an existing field worked by the U.S. multinational. ExxonMobil is the operator and owns 27 percent of Owowo. Nigeria’s state oil company holds majority shares. Other partners include Chevron, France’s Total and Chinese-Canadian Nexen…

 

21 October 2016
Premium Times
Intelligence firm cautions Nigeria on handling of Shiite crisis
The unfolding confrontation between security agencies and members of the Islamic Movement of Nigeria could evolve into a full-blown sectarian unrest if not urgently addressed, an intelligence firm warned Friday…

 

20 October 2016
AP
Newly banned Shiite group in Nigeria appeals in court
A newly banned Shiite group in northern Nigeria said Thursday it was appealing in court against the government decision that observers are warning could spark sustained violence…

 

27 September 2016
AP
Shell: Fire forces closure of key oil pipeline in Nigeria
A fire has forced the closure of a key oil pipeline in Nigeria, Shell said Tuesday, amid ongoing challenges including militant attacks that are losing oil multinationals billions of dollars in what used to be Africa’s biggest petroleum producer…

BBC
The six lives of Boko Haram’s Abubakar Shekau
Abubakar Shekau, leader of Islamist group Boko Haram has released a video to reject reports that he was fatally wounded by Nigeria’s military last month. He has been reported dead several times before…

 

16 September 2016
AP
Nigeria to sell $1 billion in Eurobonds as recession bites
Nigeria soon will sell $1 billion in Eurobonds to finance a budget deficit as a recession grips the major African oil producer amid foreign currency shortages and double-digit inflation, officials said Friday…

 

2 September 2016
AP
2 Nigerian airlines halt service as recession grips country
Two Nigerian airlines are suspending service as a recession grips this oil-producing West African nation. Shouting matches and scuffles have become common at airports over hours-long delays or canceled flights. Some airlines blame shortages of aviation fuel…

 

23 August 2016
CNBC Africa
Nigerian militants ready to negotiate with government
The news of the announcement of ceasefire by the Niger Delta Avengers and the commitment of the militant group to negotiate with the Nigerian government has been received as a welcome development as the country is grappling with its worst economic crisis in decades…

 

7 August 2016
Guardian Nigeria
Apprehension as soldiers take over 30 states
In a bid to curb insecurity in the country, the high command of the military has deployed troops to 30 states of the federation, a development that has however, led to apprehension in some communities…

 

4 August 2016
Premium Times
Insecurity: Soldiers deployed in 30 of Nigeria’s 36 states – Report
Nigerian military personnel can be found on active deployment in no fewer than 30 states of the federation, tackling internal security threats that ordinarily should have been left to the police and paramilitary agencies to contain, a report said Wednesday…

 

20 June 2016
Fox News/AP
Naira gains as Nigeria floats currency for 1st time
Nigeria’s naira is plummeting, losing one third of its value as the government floats the currency for the first time in the history of the oil-producing nation…

 

2 June 2016
Thomson Reuters Foundation
Nigeria land disputes fuel surge in herdsmen violence
When Sarah Adaji’s husband retired as a teacher two years ago, he kept himself busy tending to their farm, hoping to provide food for his family and make some money off the produce…

 

27 May 2016
The Cable
Research-based assessment of Buhari’s first year and what to expect next
Even though the government agrees that things are tough at the moment, it still argues that it has performed well, by building the foundation for a prosperous country – they have also made it a point of duty to keep reminding Nigerians how the last administration raped the country. Any harsh assessment coming from any analyst who is deemed to have worked for the PDP, or sympathetic to it, is always downplayed, no matter how insightful…

 

5 May 2016
DW
Deadly conflicts over green pastures in Nigeria
It was too late for the residents of Ukpabi Nimbo, as the attackers invaded their village. According to media reports, heavily armed herdsmen stormed the village in the southeast of Nigeria at the end of April. Dozens were killed, houses and churches were destroyed…

 

29 April 2016
Nairametrics
A tale of how Fulani herdsmen became Nigeria’s most dangerous force
A Nigerian based research company, SB Morgen has released an extensive report detailing attacks by Fulani Herdsmen from 1999 till date. The report catalogues how these attacks have grown exponentially between 2011 and 2015. From about 19 attacks between 1997 and 2012 it has now grown to 371 incidents, with the bulk being in the Middle-Belt and North-West. By this time, the attacks had also reached the South-South and the South-East, with a sprinkling in the South-West, particularly in the westernmost parts of Oyo State…

 

22 February 2016
Vanguard
Foreign exchange policy yields mixed results – Research report
There are indications in the markets that both the Central Bank of Nigeria, CBN and the federal government would be receiving mixed outcome in respect of the exchange rate policy…

 

11 February 2016
Ventures Africa
Here is how the naira fall has affected prices of food items in Nigeria
Despite frantic efforts by the Central Bank of Nigeria (CBN) to put stringent monetary policies in place, the prices of goods and services are steadily rising throughout the country…

 

10 February 2016
BusinessDay
Study shows higher food prices in Lagos
Households in the Lagos metropolis may have paid more to prepare a meal in January 2016, than other key Nigerian cities, as prices for food commodities climbed higher says SBM Intelligence, a Lagos based research firm…

 

20 January 2016
The Nerve Africa
A few reasons why the Biafra agitation in Nigeria might not be a good idea
For months now, secessionist groups Movement for the Actualization of the Sovereign State of Biafra (MASSOB) and Indigenous People of Biafra (IPOB) have been carrying out protests to secure the release of Radio Biafra director Nnamdi Kanu and ask for self-determination. Protests had gone from peaceful to violent at different points and lives have been lost but the Nigerian government has continued to detain Kanu who holds both Nigerian and British citizenship…

 

22 December 2015
Business Insider
A dangerous sectarian crisis is brewing in Africa’s largest economy
On December 12 and 13, violence broke out in Zaria, in Nigeria’s northern Kaduna state, between the military and members of the Islamic Movement of Nigeria…

 

10 December 2015
BusinessDay
What is the true cost of petrol in Nigeria?
In Nigeria, the continuous repetition of a set of beliefs in the public space is all it takes to accept them as true, even in the face of data clearly showing otherwise…

 

21 October 2015
Premium Times
How Nigerian govt. is fuelling conflict between Nigeria’s Fulani herdsmen, host communities – Report
While the attention of the Nigerian government is focused towards ending the violent Boko Haram insurgency in the country’s North East region, it has turned a blind eye to the equally devastating conflict, brewing in the North Central region, a report released on Tuesday has said…

 

23 July 2015
Ventures Africa
From August Nigerians will pay more for everything they consume
The signs are already visible: the prices for tomatoes, yam, poultry, and fuel are climbing, and at an alarming rate. The worst however is yet to come. Experts have predicted that in the coming months Nigerians will pay more for virtually everything they consume, as key market indicators continue to paint a grimmer picture for Africa’s largest economy’s consumer market…