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Security
Learning under siege: The fiscal paradox of Nigeria’s safe schools initiative
Nigeria’s Safe Schools Initiative captures a painful contradiction between fiscal ambition and lived insecurity. Despite a N144.77 billion (2023–2026) federal commitment to secure learning spaces, classrooms remain under siege. In May 2026, gunmen abducte...
Security
How Nigeria's rising insecurity threatens key trade corridors, raises business costs
As Nigeria grapples with persistent security challenges, businesses and investors could face mounting risks to supply chains, trade routes, and market access. The latest SBM Intelligence weekly security report,...
Editor | Feb 11, 2026
Economy
The politics embedded in economic structure
Every economy tells a political story long before any election does. Long before manifestos are written or ballots are cast, power is already distributed — silently — through economic structure. Who earns, who waits, who bears risk, who is protected, and ...
Editor | Feb 11, 2026
Economy
ESG and the future of infrastructure financing
Financial institutions worldwide are under growing pressure to decarbonise. Lenders increasingly “green” their loan books, and infrastructure projects are coming under the same scrutiny. ...
Editor | Feb 11, 2026
Economy
Counting trillions, measuring nothing? An analytical look at FAAC allocation, subnational performance
Nigeria’s states have never been richer on paper. Between 2023 and 2025, subnational governments shared over N9 trillion in FAAC allocations, buoyed by the removal of the fuel subsidy, FX reforms, and higher nominal revenues. ...
Editor | Feb 11, 2026
Economy
From Chat to Commerce: The next operating system for small businesses
Across Nigeria and much of Africa, millions of small businesses start their day the same way: by opening a messaging app. Customers reach out through chats, prices are discussed, jobs are agreed, and payments are confirmed—often before midday. For these b...
Editor | Feb 10, 2026
Economy
Nigeria’s banks after the windfall: Resilient, recalibrating, and raising the bar
Nigeria’s banking industry closed the first nine months of 2025 in solid shape — but not without bruises. The numbers tell a story of resilience under pressure. Gross income rose to ₦21.21 trillion, up nearly 16 percent year-on-year, while operating incom...
Editor | Feb 10, 2026
Economy
From scarcity to strategy: Building resilience in Nigeria’s economic landscape
At Covenant Place in Lagos, beside the iconic National Theatre, the mood was neither anxious nor celebratory—it was purposeful. The 2026 Nigerian Economic Outlook was convened at a moment when Nigerians are weary of clichés about “headwinds” and “potentia...
Editor | Feb 10, 2026
Economy
Rate cuts, easing inflation seen squeezing Africa’s banking giants earnings
The profitability of banks in Nigeria and Egypt is expected to decline as interest rates fall and inflation stabilises, while lenders in Morocco and South Africa are likely to maintain resilient earnings, according to S&P Global’s latest African Banking O...
Editor | Feb 10, 2026
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