The Central Bank of Nigeria is struggling with foreign exchange shortages and a high-interest payment-to-revenue ratio, affecting its sovereign credit rating, according to Fitch. CBN struggles to…
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A report by SBM Intelligence, a Nigerian geopolitical intelligence platform, has revealed that at least 3,133 people were killed in different violent attacks across Nigeria in the second quarter (April-June) …
25 October 2021. CNBC Africa. Why food prices are surging in Nigeria. A third-quarter Jollof Index report by SBM Intelligence shows that the average cost of making a pot of jollof rice, a local delicacy in Nigeria, rose to ₦8000 in the third quarter of 2021, from the ₦7618 in the second quarter of this year…. The Nation.
SBM Intelligence. SBM Intelligence, also known as SB- Morgen Intelligence, is a market intelligence and geopolitical research firm based in Lagos [1], Nigeria [2], primarily focusing on Africa [3]. The concept for SBM Intelligence was conceived by Nigerian journalist Cheta Nwanze, who identified data gaps that needed addressing.
3 min read. ·. Nov 23. Bloomberg has reported that Nigeria is dropping $1.1 billion civil claims against Italian energy group Eni over alleged corruption in an oilfield deal. The country's ...
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SBM Intelligence. The Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, said a Deloitte-conducted forensic audit of $7 billion of overdue foreign exchange transactions the bank has been ...
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This is the first time that Nigeria's federal and state governments have agreed on the need to set up state police to reinforce the more than 300,000-strong national police force in Africa's most ...
SBM Intelligence analysed data covering the period from June 2011 to the end of March 2020 using a collection of public sources, police and media reports, as well as SBM's extensive research network spread across the country. What we have found shows that between June 2011 and the end of March 2020, at least $18.34 million has
List of state government liaison offices in Lagos Nigeria. Find addresses, telephones, contacts and locations. Bar Beach, Victoria Island, Lagos Nigeria. 0805 970 5744. More info. Write a Review. This State government liaison office is located in Lagos State. This Kano State government liaison office is in Lagos state. 18 Katsina State.
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A report released by SB Morgen (SBM) shows that Nigeria paid at least $18.34 million (N7 billion) as ransom to kidnappers between 2011 and 2020, bringing to light the challenges …
Kidnap for ransom is a lucrative business in Nigeria as the case of Chukwudi Dumee Onuamadike, better known as "Evans', as well as Hamisu Bala Wadume who operated out of the North East until he was arrested in 2019. ... The data available to SBM indicates that in US dollar terms, between the $545,000 paid to secure the freedom …
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It is not just economic data that SBM parses. Its post-election report on Nigeria's 2019 general elections was widely accepted. SBM analysed the security data trends on behalf of the Open ...
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The Central Bank of Nigeria is struggling with foreign exchange shortages and a high-interest payment-to-revenue ratio, affecting its… 3 min read · Jan 26 See all from SBM Intelligence
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According to the SBM, 47 countries in west, central, east and southern Africa were covered in the report, which were grouped by region as delineated by the African Development Bank (AfDB).
4 January 2022. African Business. Nigeria's spill-hit communities demand more from Petroleum Industry Act. A dozen oil workers celebrated and high-fived each after capping a leaking wellhead that spewed over 20,000 barrels of oil per day for one month into the waterways of Nembe, in Nigeria's Bayelsa state….
The CBN's target is to achieve and maintain a single-digit inflation rate, but Nigeria has had single-digit inflation in only 25 of the country's 62 years post-independence. The troubles of 1966 which led to mass migration of Igbos from the North to the East, led to a collapse in demand and supply, and ultimately to a massive rise in inflation.
Chart of the week: Media reported killings in Nigeria, Q4 2023. Ethiopia-Somaliland Deal: Africa's failing states are rewriting the rules of the Berlin Conference. Chart of the week: Coups in Africa, 1990 to date. Chart of the week: Dwindling spending power. The Year Ahead – Stuck in gear.