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
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,
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,
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.
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
Hassana Abdullahu was three days old. She was killed at Shefaran village, Numan Local Government Area, Adamawa State on Tuesday, 21 November, 2017.
Shikaan Junior Kende was a year old. He was killed, alongside his father, Shikaan Senior, in Saghev, Guma Local Government Area, Benue State, on Tuesday, 2 January, 2018.
Hassana never knew that her ethnicity was Fulani. Shikaan Junior never knew that his ethnicity was Tiv. Neither had ever heard of Nigeria, but their parents
2017 offered a ray of hope for Nigeria as the country exited a recession. However, the feeling remains that Nigeria failed to make good use of the opportunity presented by the economic recession. Our economy remains non-diversified and heavily reliant on oil To all intents, Nigeria has wasted the crisis.
In 2017, the Buhari Administration had a chance, with its second full year budget, to effect a change the budgeting process, and break a cycle which has kept the economy
The pastoral conflict, which we have talked about in previous reports, is expanding, and deepening. Many communities, Fulani and non-Fulani alike, are beginning to take matters into their own hands. In the final analysis, this conflict is not just a discussion about ethnicity or religion, it is a conversation about the sanctity of economic institutions like property rights. Nigeria cannot build a proper economy if basic property rights can be so casually violated as