01 Aug

The SBM Jollof Index – Keep those belts tight please

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. This meal was chosen because it is a delicacy in every part of the country.

Over the last four months – from March 2018 to June 2018, the index has risen steadily, indicating a steady increase in food prices. By the end of June, the index has risen to the highest ever since we began tracking in................   read more

19 Jul

Target practice

In the last month there have been four high profile incidents in which policemen have been murdered, and their weapons removed.

Among other bits of data, SBM Intelligence tracks reports of policemen being killed, and these incidents so close to one another, forced us to look at our records. In many of these cases, the weapons belonging to the murdered policemen were taken away, ostensibly by their murderers.

As a result of the ongoing Boko Haram insurgency, the data................   read more

04 Jul

Growing impact of the Pastoral Conflict

Currently, large parts of the Middle Belt region in central Nigeria– a broad expanse of territory that roughly incorporates the states of Adamawa, Bauchi, Benue, Kwara, Kogi, Nasarawa, Niger, Plateau, Taraba, the Federal Capital Territory, as well as the southern parts of Borno, Gombe, Kebbi, Kaduna and Yobe – is experiencing an escalation of the conflict between herders and farmers that has left hundreds of citizens dead, including women and children, and the................   read more

20 Jun

The state of the Boko Haram insurgency

Sunday’s deadly suicide attack on a Sallah procession in Damboa, Borno State which claimed 31 lives underscores not only the resilience of the Boko Haram insurgency that has lasted for nine years, but the evolving nature of the conflict itself. This latest incident fits the profile of attacks on soft targets carried out by female suicide bombers. In the face of these attacks which are now so frequent as to have become routine, the Buhari administration has dialled................   read more

06 Jun

Analysis – The gloves are off

Yesterday, a rare joint session of both houses of Nigeria’s National Assembly met and issued a series of resolutions that has set it on a collision course with the executive arm of government, and holds important political and economic consequences for the country as it stares down the barrel of crunch elections next year. The tension between the two most important arms of the Federal Government, both controlled by the same party – the All Progressives Congress,................   read more

16 May

Analysis – Forte Oil prepares for strategic battle

On May 2, 2018, Forte Oil announced its intention to sell its upstream services and power businesses in Nigeria, as well as its operations in Ghana, which in 2017 accounted for 3.7% of the company’s sales. The decision, as per the press release, is in order to focus on its core fuel distribution operation at home, and to invest in storage infrastructure. In explaining the decision to restructure its business and focus on the domestic downstream value chain, the company................   read more

08 May

Islamic sects in Nigeria

On April 13 and 14, 2018, adherents of the Tijjaniyya order, a Sunni Islamic sect, who were celebrating Maulud, locked down the Central Area of Abuja and surrounding districts. Many people, especially in Southern Nigeria, expressed surprise as they were unaware that there are different sects in Islam in Nigeria, led by powerful clerics. Many of these same people are however aware of powerful pastors in Christianity. Both religions, dominant in Nigeria, have powerful,................   read more

27 Mar

The SBM Jollof Index – Prices are slowly getting friendlier

In July 2016, SBM Intelligence began to track the price movements of the ingredients Nigerians use to make a pot of nationally celebrated Nigerian Jollof Rice for the average Nigerian family which according to the National Bureau of Statistics, was six people. This meal was chosen because it is a delicacy in every part of the country.

The survey initially covered nine markets in four geopolitical zones. From June 2017, we included two markets in the South South as well,................   read more

12 Mar

As the Egmont Group meets, Nigeria sits on the edge

The Egmont Group, an international body of 155 Financial Intelligence Units that provides a platform for the secure exchange of expertise and financial intelligence, meets from today, March 12, 2018, until Thursday, March 15. A deadline to Nigeria to separate its National Financial Intelligence Unit from the EFCC lapsed yesterday, without Nigeria enacting a law that would have done so. The likely outcome of the Egmont Group’s meeting will be Nigeria’s expulsion from the group.

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19 Feb

Crise le long de la frontière entre le Nigeria et le Cameroun

On Saturday, 17 February, 2018, the AFP news service ran a report that separatist groups in Nigeria’s neighbour, the Republic of Cameroon, had declared war in their push for an independent country. This declaration, not by the official separatist group, is the result of growing frustration with what people in the region see as Yaounde’s attempts to wipe out their identity.

Until a few years ago, Cameroon seemed like an oasis of calm in a region buffeted................   read more