SBM Intelligence

A pot of jollof 🍛now costs ₦30,435. In March, the #IranWar‌ pushed fuel prices to ₦1,325/litre and sent food costs spiralling. The SBM #JollofIndex Q1 2026 shows 🇳🇬#Nigeria’s food inflation hardening, while 🇬🇭#Ghana’s plateaus. sbmintelligence.substack.com/p/the-sbm-joll…

Investors cheer @DangoteGroup's mega IPO and pile into Nigerian assets, but the country’s security maze just got messier. Add a shaky West African democracy, 🇿🇼#Zimbabwe’s market pivot, and 🇬🇭#Ghana’s fiscal drama: Africa’s week is a thriller. 📉📈 sbmintelligence.substack.com/p/the-week-ahe…

Quota misses and pump price spikes

#Africa Watch: Coordinated jihadist and separatist attacks in 🇲🇱 #Mali killed the defence minister, raising fears of prolonged Sahel instability. sbmintelligence.substack.com/p/never-ending…

Chart of the week: @PoliceNG have no friends

#Africa Watch: 🇳🇬 #Nigeria summoned 🇿🇦 #SouthAfrica’s envoy after anti-immigrant violence, with 130 Nigerians seeking evacuation amid rising tensions. sbmintelligence.substack.com/p/chasing-nige…

📢 🍛Jollof rice eats 43% of 🇳🇬 #Nigeria’s wage. 130 Nigerians flee 🇿🇦 #SouthAfrica. 🇬🇭 #Ghana’s bank loses billions. 🌍 #Africa’s week: costly meals, strained neighbours, and central bank headaches. open.spotify.com/episode/3lz6ZT…

🇳🇬#Nigeria's Opposition can’t agree. ⛽️Petrol up 22%. 🍛Jollof is now a luxury. 🇿🇦 #SouthAfrica chases Nigerians. 💣 #BokoHaram. 🇬🇭 #Ghana loses $1.25bn. 🇨🇮 #IvoryCoast dreams big. 🇲🇱 #Mali’s defence minister dies. Which strategy works? sbmintelligence.substack.com/p/the-week-ahe…

🇳🇬 #Nigeria's VAT resilience

Chart of the week: Who's training whom

Chart of the week: Soaring oil prices hammer 🇳🇬#Nigeria and 🇬🇭#Ghana

🚔@Julius_S_Malema gets 5 years (but stays free for now). A 🇺🇸#US-backed rare-earth project digs into 🇿🇦#SouthAfrica's mining waste. 🇹🇼#Taiwan's president cancels 🇸🇿#Eswatini trip after African nations close their skies. A busy week for geopolitics. sbmintelligence.substack.com/p/three-south-…

Musical chairs played again: @officialABAT swaps finance and housing ministers, hoping "Renewed Hope" survives the shuffle. New faces, same high expectations. 🇳🇬#Nigeria sbmintelligence.substack.com/p/musical-chai…

📢 🇳🇬#Nigeria’s new finance minister faces a grid that keeps failing and a climate that won’t quit. Meanwhile, 🇨🇮#IvoryCoast is busy counting tax billions and signing deals. One region, two very different vibes. open.spotify.com/episode/60B2VN…

🇳🇬#Nigeria: airlines, floods, rainstorms, and a finance minister – all grounded. 🇬🇭#Ghana’s fuel subsidy lasts 1 month. @Julius_S_Malema joins the grounded club. Meanwhile,🇨🇮#IvoryCoast flies high on tax billions. 🌍#Africa’s week in ups and downs. sbmintelligence.substack.com/p/the-week-ahe…

Chart of the week: Who owes what?

The war in 🇮🇷#Iran has shattered global trade rules. #WestAfrica is also feeling the pain: petrol prices in 🇳🇬 #Nigeria have doubled, and some transport fares have tripled. Traders must adapt because the impact of this conflict isn't going away soon. sbmintelligence.substack.com/p/a-west-afric…

🇨🇮Côte d’Ivoire secures oil funding and a $206bn development plan to become West Africa’s energy and growth hub. sbmintelligence.substack.com/p/now-thats-a-…

📢 🇺🇸#US pulls diplomats. Airstrike casualties. 🇬🇭#Ghana says no to @EUinGHANA bases. 🌍#Africa’s security landscape is shifting fast, but who’s really protecting whom? open.spotify.com/episode/33bQvr…

.@AlikoDangote plans a record IPO. 🇳🇬#Nigeria gets a market upgrade. Meanwhile, 🇺🇸#US diplomats flee Abuja and airstrikes continue. Investors love the numbers, just not the neighbourhood. sbmintelligence.substack.com/p/the-week-ahe…