SBM in the media

March 18, 2017
The Guardian
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…

March 17, 2017
Premium Times
Cost of making jollof rice rose 32 per cent 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…

March 13, 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…

March 10, 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…

March 4, 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…

February 28, 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…

February 21, 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…

February 17, 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…

February 13, 2017
The Guardian
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…

February 12, 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…

February 11, 2017
BusinessDay
Southern Kaduna crisis threatens Nigeria’s N218bn 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…

January 25, 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…

January 22, 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…

January 19, 2017
Quartz Africa
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…

January 12, 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?

January 5, 2017
The Guardian
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…

January 3, 2017
Quartz Africa
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…

December 20, 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…

November 18, 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…

November 15, 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…

November 9, 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…

October 27, 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…

October 21, 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…

October 20, 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…

September 27, 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…

September 16, 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…

September 2, 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…

August 23, 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…

August 7, 2016
The Guardian
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…

August 4, 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…

June 20, 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…

June 2, 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…

May 27, 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…

May 5, 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…

April 29, 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…

February 22, 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…

February 11, 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…

February 10, 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…

January 20, 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…

December 22, 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…

December 10, 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…

October 21, 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…

July 23, 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…