Nigeria pays $11 million as ransom to kidnappers in four years
The security architecture in Nigeria has once again come under the spotlight after a new report said the Nigerian Government and citizens have handed over N4 billion ($11 million) to kidnappers for ransom in the last four years. “Between June 2011 and end of March 2020, What we have found shows that between June 2011…
The Jollof Index returns with encouraging drop in cost of cooking Jollof Rice
It all comes at a cost, that savoury, delectable and palate-appealing staple Nigerians love and protect like cultural heritage, Jollof Rice. And the Jollof index, returning after an election-forced hiatus is all here to tell how much it costs in cities across Nigeria. The SBM Jollof Rice index, which tracks the price of the main…
With gangs aplenty, Lagos inner streets know little joy
On Monday, July 23, Mariam Abiola told the police how she has killed four persons for her gang leader, each person's life only worth ₦10, 000. Runaway Abiola, 20, a member of Eiye confraternity, according to the police, was recruited into the gang by a certain Sodiq. She had dreamed of being gainfully employed in…
The worrying rise in the cost of preparing a pot of Jollof Rice
The figures from the first SBM Intelligence's Jollof Rice Index for 2018 are in. But there is not much to cheer. No, the food crisis bedevilling some parts of Nigeria’s northeast has not spread its wings to other parts of the country. The ghost of the inflation-fuelled 2016 still looms in the dark of markets…
After a bleak 2017, what hope for Nigeria in 2018?
2017 was bleak; blighted by inflation, recession, government prevarication on important decisions, an insincere war on corruption, uptick in Boko Haram attacks (mostly on soft targets) and needless pastoral conflicts. The gloom that the year represented was accentuated by the promise that heralded it. At the beginning of the year, the Muhammadu Buhari administration had…
Badoo's trail of blood and dark statistics
Regardless of the huge investment the Lagos State government may have dedicated to the improvement of security situation through its Lagos State Security Trust Fund, the statistics for 2017 are already looking grimmer midway through the year, no thanks to the activities of the Badoo cult.
Jollof: Is Nigeria’s claim to supremacy under threat?
In the days of yore, the Nigerian Super Eagles were a national treasure: the players were our go to persons when an aching nation needed to smile and find a common ground to bump fists in bars and, perhaps, forget our off-putting ethnic-based mutual suspicions.
Osinbajo, critics disagree over Buhari's mid-term scorecard
The Nigerian government has insisted that it was on course in its mission to change the fortune of Africa's most populous country.
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, fledgeling 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.