29 Apr

The week ahead – Again, the economy comes into focus

Newspaper reports earlier this week claim that all is not well at the war front ‎in the North East as over a hundred soldiers are grumbling over unpaid allowances for several months. The allowances include peace keeping allowances and the daily operational allowances ‎for those engaged in counter insurgency in Adamawa, Borno and Yobe. Reports suggest that about two hundred soldiers from 158 Task Force Battalion  who fought in the AU Peace Keeping operation in................   read more

29 Apr

Daily Watch – Buhari to help states again, EFCC investigates Fidelity Bank over Diezani

  • President Muhammadu Buhari had said that it’s “a matter of great concern” to him that nearly two-thirds of Nigerian states are still having difficulties with paying salaries, despite the bailout funds provided to them by the federal government, and as a result he would “strive to make more funds available to the states”. This, he said he would do by specifically “expediting action on refunds due to them for the maintenance of federal roads and
................   read more

28 Apr

Death and the Herdsmen – A report on spreading pastoralist violence in Nigeria

In the early hours of Monday, April 25th, 2016, destruction was unleashed upon Ukpabi-Nimbo, a sleepy village in Uzo-Uwani LGA of Enugu State. Scores of heavily armed Fulani herdsmen executed a ferocious attack on the community, killing dozens and seriously injuring a large number of others.

According to eye-witnesses, at least fifty people were killed, and about thirty seriously injured by the time the attack was over. Some witnesses who spoke to SBM Intelligence said................   read more

28 Apr

Daily Watch – Oil climbs higher, NLC wants threefold increase in minimum wage

  • The prices of crude oil hit its highest point in 2016 on Wednesday, trading a few cents above the previous 2016 high of $46 per barrel and inching closer to $50 on the global market. As at 1500 hours WAT, Brent crude was trading at $46.73 – less than $4 away from the $50 mark – while the WTI rose by 92 cents to trade at $44.96 per barrel. The OPEC basket price for crude oil rose by 48 cents from $39.40 to $39.88 per barrel. The rise is crude oil prices has
................   read more

27 Apr

Daily Watch – Herdsmen attacks affect manufacturers, TSA may be in trouble

  • BusinessDay is reporting that attacks by herdsmen across Nigeria’s Middle Belt and some Southern states, coupled with the foreign exchange scarcity, have worsened the plight of manufacturers who are already facing a myriad of crises. Recent attacks in Adamawa, Benue, Ekiti, Enugu, Ondo and Rivers have led to the sacking of farmers and destruction of agro raw materials such as oranges, mangoes, pineapples, cassava, pears, tomatoes, grains,
................   read more

26 Apr

Daily Watch – 55% of local flights get delayed, Niger to give LGAs more financial autonomy

  • The NCAA’s Consumer Protection Department has said that domestic airlines operating in the country recorded 8,478 cases of delayed flights in first quarter of 2016. According to the report, a total number of 15,434 flights were operated by eight domestic airlines during the period under review, while 281 flights were cancelled. It said the airlines in operation were Aero Contractors, Arik Air, Air Peace, Azman Air, Dana Air, First Nation, Med-View and Overland.
................   read more

25 Apr

Daily Watch – Nationwide blackout on the cards, MTN, Guinness hit hard times

  • Electricity workers are planning to shut power transmission nationwide over breaches in labour issues and the takeover of the defunct PHCN headquarters in Abuja. The Daily Trust quoted an unnamed source as saying that government officials in a failed attempt to resolve issues chose to engage the Senior Staff Association of Electricity and Allied Companies instead of the National Union of Electricity Employees. This angered the NUEE and triggered the issuance
................   read more

22 Apr

The week ahead – Nigeria needs a compass

The Acting General Officer Commanding Division 7 of the Nigeria Army, Victor Ezugwu, escaped a Boko Haram ambush this week. One soldier died and two others were injured in the ambush. The acting GOC continued his operational visit to Bama, while the wounded and the dead have been evacuated to Maiduguri.

In a related development, the DHQ has said the Boko Haram insurgents now give out cash loans to young entrepreneurs in order to lure them into their group. The Boko................   read more

22 Apr

Daily Watch – Sokoto repossesses factory after paying AMCON, Bird flu spreads in Plateau

  • The Federal Government has deferred the deductions of the allocations of indebted states to enable them pay workers’ salaries for this month. Finance Minister, Kemi Adeosun, said that the deferment was approved by President Buhari after the National Economic Council meeting. She noted that it was not a bail-out but deferment of payment of debts. Adeosun explained that payment of salaries would help stimulate the economy.
  • The
................   read more

21 Apr

Daily Watch – More Nigerians turn to the bottle, Unions battle Arik

  • Heineken’s first quarter results have shown that Nigerians are drinking more beer than they did this time last year. The volume of beer consumed by Africa, Middle East and Eastern Europe, grew by 4.6 percent in Q1, most of the increase coming from Nigeria and Ethiopia. “In Nigeria volume was flattered by an easy comparative given the election in the same period last year; cycling the forthcoming quarters will be more difficult,” the report said,
................   read more