Tag: REPORT

4,722 kidnapped, ₦2.57bn paid by Nigerians in 2 months’ – Report 

Aminu Imam
Kidnap report

No fewer than 4,722 people were kidnapped across Nigeria between July 2024 and June 2025, with ₦2.57 billion paid in ransoms against demands totalling ₦48 billion, according to a new report by SBM Intelligence. The study, titled: ‘Locust Business: The Economics of Nigeria’s Kidnap Industry A 2025 Update’, documents a crisis that has become entrenched as both a national security threat and an illicit economic sector. During the year under review, 997 incidents of kidnapping were recorded nationwide, leading to 762 deaths. Civilians made up the majority of the fatalities,…

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‘Insecurity kills 40% of Nigeria’s livestock, 30m face starvation in North’ – Report 

Aminu Imam
Insecurity report

Nigeria’s worsening insecurity is said to be responsible for about €4.1billion of economic loss and a corresponding loss of about 40% of deaths in livestock, especially cattle, sheep, and goats, across the country, according to a report. The new report, issuedby Nigerian research firm Agramondis Research and Consulting, estimates that insecurity alone is responsible for between €1.3 billion and €4.1 billion in economic losses annually, alongside the deaths of 10% to 40% of livestock — especially cattle, sheep, and goats.  The sector, worth over €7.8 billion, employs 4.5 million people…

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30 states spent ₦11.75bn on trips in Q1 ’25 only to attract zero FDI – Report 

Aminu Imam
FDI Report

Thirty Nigerian states spent a combined ₦11.75 billion on international trips and training in the first quarter of 2025 with no foreign direct investment (FDI) to show for it. According to the Capital Importation report published by the National Bureau of Statistics, (NBS) on Tuesday, all of the FDI that came into the country between January and March went to only seven locations: the Federal Capital Territory (FCT), Lagos, Ogun, Oyo, Kaduna, Kano and Ekiti. The Foundation for Investigative Journalism, (FIJ), report analysed the first quarter financials of the states…

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Escalating Insecurity: Over 1,000 killed by security forces, 242 police officers slain amid ₦12.6tr spending

Aminu Imam
Report on escalating Insecurity

Nigeria’s multi-layered security crisis has taken on a deeply troubling dimension, with recent data revealing a dual tragedy: 824 civilians have been killed by security forces, while 242 police officers have died in violent attacks by non-state actors between 2023 and mid-2025. This grim reality comes despite the Nigerian government’s allocation of over ₦12.6 trillion to the defence and security sector since 2009. A joint analysis by SBM Intelligence, through the Police Fatality Tracker and Security Force Brutality Report, documents 598 incidents of state-led violence against civilians from October 2020…

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‘1,686 killed in cult clashes’ — Report

Aminu Imam
SBM Intel report

At least 1,686 people died in 909 gang-related incidents across Nigeria between January 2020 and March 2025, according to a new SBM Intelligence report.  According to the report, Rivers, Lagos, and Edo recorded the highest fatalities, with 215, 197, and 192 deaths respectively, driven by violent clashes among cult groups like Vikings, Icelanders, Eiye, Aiye, Black Axe, and Greenlanders. The South-South region alone accounted for over 750 deaths, while the South-West recorded 491, mainly in Lagos and Ogun. In Benue, 204 were killed in cult violence. Some areas like Borno,…

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Lagos, P’Harcourt, Maiduguri, Nigeria’s most dangerous cities  – Report 

Aminu Imam
SBM Intel report

Lagos, Port Harcourt, and Maiduguri have been identified as dangerous hotspots across Nigeria’s major cities and highways, amid rising insecurity according to a new report. SBM Intel, in its report, titled: ‘Roads To Nowhere – A Bumpy Ride Through Nigeria’s Road’, engaged 245 drivers across eight major commercial hubs: Abuja, Calabar, Jos, Kano, Lagos, Maiduguri, Onitsha, and Port-Harcourt, to shed light on their realities. The respondents identified dangerous hotspots across key urban centers and highways, highlighting cities like Lagos, Port Harcourt, and Maiduguri as particularly vulnerable. These cities, crucial for…

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‘NNPCL illegally deducted ₦426bn under Buhari’s watch as Petroleum minister’ – Report

Aminu Imam
Report on NNPCL illegally deduction

The Nigerian National Petroleum Corporation Limited, (NNPCL), allegedly made unauthorised deductions amounting to ₦426 billion from the federation’s revenue in a single year under former President Muhammadu Buhari, who at that time also served as Minister of Petroleum Resources. This revelation comes from a report by the Foundation for Investigative Journalism (FIJ), which cited a 2021 audit conducted by the Office of the Auditor-General of the Federation (AuGF), published in November 2024, that reviewed NNPCL’s operations between 2020 and 2021. The audit identified significant financial irregularities, with the NNPCL reportedly…

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Economic challenges: Nigeria moves on Risk Index, from ‘stability’ to ‘vulnerability’ – Report

Aminu Imam

Nigeria has been classified as vulnerable to instability in 2024, according to the latest SBM Intelligence Africa Country Instability Risk index. According to the report, this marks a downgrade from its stable status in 2023, driven by economic challenges linked to Government policies. Recall that Nigeria dropped 6 points this year, scoring 45, when compared with 39 in 2023. According to SBM Intelligence, a higher score in the risk index means a higher level of political risk to business. Other African nations sharing this risk status include Ethiopia, Comoros, Cte…

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Tinubu’s policy, poor economy to blame for skyrocketing air fares – Report

Aminu Imam
SBM Intelligence report

A recent report by SBM Intelligence, titled: “Moving out of Reach”, has revealed that the devaluation of the naira is the primary driver behind the surge in airfare costs in Nigeria. The report highlights that transportation costs have skyrocketed in the country, making travel increasingly unaffordable for many citizens. According to the report, as of 2017, Nigerias exchange rate stood at N395.42, however the exchange rate jumped to N1518 in 2024. According to the report, air travel costs have decreased in dollar terms, from $82.82 in 2017 to $82.14 in…

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Hardship: Nigerian children face malnutrition, as food costs skyrocket

Aminu Imam
Hardship on children

Soaring food prices in Nigeria are forcing families to make difficult decisions, with severe consequences for nutrition and health. As food inflation reached a staggering 37.77% in September 2024, up from 30.64% the previous year, staple protein sources have become luxuries for many households. Items like a crate of eggs now cost around N6,000, while a kilogram of fish is N5,500 and beef ranges between N6,500 and N7,000. This makes providing balanced meals an uphill struggle for millions of Nigerian families. The impact is especially severe on childrens nutrition. Protein-rich…

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