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SBM Intelligence We provide market intelligence and strategic communication services to bridge the gap between Nigerian opportunities and investors. [email protected]

19/04/2024

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19/04/2024

Nigeria has struck a deal for Shell to supply gas to its proposed $3.8 billion Brass methanol facility, resolving a major hurdle to a final investment decision on the project, the minister of state…

18/04/2024

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18/04/2024

$600 million has come into Nigeria’s foreign reserves, Olayemi Cardoso, the Central Bank Governor, said. The CBN governor revealed this at the International Monetary Fund’s spring meetings in…

17/04/2024

Nigeria’s foreign exchange reserves have witnessed a significant downturn, plunging by approximately $2.16 billion in 29 days, amidst the Central Bank of Nigeria’s (CBN) robust efforts to stabilise…

16/04/2024

Nigeria’s inflation rate increased to 33.2% in March 2024, a 1.5% point increase from the 31.7% recorded in February, driven by an increase in food, beverages, energy and housing costs. On a year-o…

15/04/2024

Despite having excess installed capacity, Ghana’s energy sector faces a complex crisis. The country grapples with crippling debt, gas supply limitations, and ongoing maintenance issues, which…

15/04/2024

Nigeria is yet to clear more than half of its scheduled crude oil cargoes for May as unsold crude oil builds up in the oil market. According to Bloomberg, over 30 of the country’s cargoes are still…

12/04/2024

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12/04/2024

The Central Bank of Nigeria (CBN) has barred commercial lenders from accepting foreign currency-denominated collateral to grant naira loans, a move that could protect the banking system against a s…

08/04/2024

44-year-old Bassirou Diomaye Faye, a left-wing pan-Africanist, was sworn in as Senegal’s youngest president after sweeping to a first-round victory ten days after being released from prison. Faye h…

08/04/2024

An army officer, A.S Maidawa, and a private soldier lost their lives after they were ambushed by terrorists in Buratai, Biu Local Government Area (LGA) of Borno State, PREMIUM TIMES has gathered. T…

05/04/2024

Petrol scarcity has resurfaced across Lagos State as marketers claim that the depots now have limited supply. Petrol marketers told BusinessDay that the Nigerian National Petroleum Company Limited,…

04/04/2024

Nigeria’s electricity regulator approved tariff increases as part of the government’s efforts to reduce reliance on subsidies and alleviate strain on public finances. Approximately two million hous…

03/04/2024

The Federal Government is planning an almost 300% increase in electricity tariffs in the coming weeks to attract investment into the sector, according to Bloomberg. Unofficial sources state that el…

02/04/2024

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02/04/2024

Gunmen have abducted an unspecified number of students travelling along the East-West road in Ughelli, Delta State. The driver escaped unhurt. The spokesman of the Delta State Police Command, Edafe…

01/04/2024

1 April 2024 BusinessDay High cost of feeding deters many Nigerians from accommodating relatives Many families in Nigeria have begun to cut down the number of relatives staying with them as the soa…

28/03/2024

The naira strengthened further on the parallel market on Wednesday, a day after the Central Bank of Nigeria raised the Monetary Policy Rate again to curb inflation. Bureau de Change (BDC) operators…

27/03/2024

The Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) has increased the Monetary Policy Rate (MPR) by 200 basis points from 22.75% to 24.75%. This was disclosed by the CBN Governor wh…

26/03/2024

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26/03/2024

Nigeria has filed tax evasion charges against cryptocurrency platform Binance and is seeking an international arrest warrant for the company’s regional manager for Africa, Nadeem Anjarwalla, …

25/03/2024

On Sunday, the Nigerian Army announced the rescue of LEA School’s abducted pupils and teachers in Kaduna’s Chikun Local Government Area (LGA) within Zamfara State. On 7 March 2024, abou…

22/03/2024

After 16 military personnel were murdered in Okuama, a community in Ughelli South Local Government Area of Delta State last week, parts of the community have been razed down, allegedly by soldiers.…

22/03/2024

Many villagers have been feared killed and several others injured after suspected herdsmen attacked the Ugbobi community in Apa Local Government Area of Benue State. Daily Post gathered that reside…

21/03/2024

The Central Bank of Nigeria (CBN) announced that it has finally settled all valid foreign exchange backlogs, fulfilling a key pledge by Governor Olayemi Cardoso to process inherited claims totallin…

20/03/2024

The Sudan Army deputy commander, Yasser al-Atta, has ruled out a truce in the Islamic holy month of Ramadan unless the paramilitary Rapid Support Forces (RSF) fulfils its previous commitment of lea…

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