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Jake Swandeh

329 articles published

Dangote Refinery Raises Petrol to N1,275, Diesel to N1,950 Amid Global Pressures.

Nigeria’s downstream oil sector is once again in focus as Dangote Refinery has announced a fresh increase in the pump prices of refined petroleum products, raising petrol to N1,275 per litre and diesel to N1,950 per litre. The price adjustment, according to industry sources, reflects ongoing shifts in global oil markets, including fluctuations in crude…

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Russia, China Veto UN Resolution on Reopening Strait of Hormuz.

In a major geopolitical development with far-reaching implications for global energy security, Russia and China have vetoed a resolution at the United Nations Security Council aimed at reopening the Strait of Hormuz—one of the world’s most critical maritime chokepoints. The resolution, sponsored by Bahrain and supported by a majority of council members, sought to restore…

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BENUE STATE AND THE EGG ECONOMY:A DOCUMENTARY ON CAPACITY, DEFICIT, AND THE ROAD TO SELF-SUFFICIENCY IN NORTH CENTRAL NIGERIA.

1. The Paradox of Plenty Benue State—long regarded as Nigeria’s “Food Basket”—sits on a quiet contradiction. Its soil feeds millions, yet its livestock sector, particularly egg production, has not kept pace with demand. Nigeria produces an estimated 15–16 billion eggs annually, the highest on the continent. Still, this output meets only a fraction of national…

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Tinubu Approves ₦3.3 Trillion Intervention to Stabilise Nigeria’s Power Sector

In a decisive move aimed at reviving Nigeria’s troubled electricity value chain, President Bola Ahmed Tinubu has approved a ₦3.3 trillion intervention to settle longstanding debts within the nation’s power sector—an action widely seen as a critical step toward improving electricity supply and restoring investor confidence. The approval targets the chronic liquidity crisis that has…

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FG, First Lady, NGF, Dangote, NNPC, Others Commit ₦65 Billion to National Food Bank Initiative.

In a coordinated response to rising food insecurity and economic pressure across the country, the Federal Government, the First Lady, the Nigeria Governors’ Forum (NGF), leading industrialist Aliko Dangote, the Nigerian National Petroleum Company Limited (NNPC Ltd.), and other key stakeholders have collectively pledged ₦65 billion towards the establishment of a National Food Bank initiative.…

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World Bank Approves $500m Credit to Boost Nigeria’s Smallholder Farmers and Agro-Value Chains

The World Bank has approved a $500 million credit facility for Nigeria aimed at strengthening the country’s agricultural sector, with a particular focus on smallholder farmers and value-chain development. The financing, provided through the International Development Association (IDA), will support the implementation of the Nigeria Sustainable Agricultural Value-Chains for Growth (AGROW) project—an initiative designed…

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Nigeria’s Public Debt Set to Surge to ₦155.1 Trillion as Senate Approves Fresh $6 Billion External Loan.

Nigeria’s total public debt stock is on course to reach approximately ₦155.1 trillion, after the Senate yesterday expeditiously approved President Bola Ahmed Tinubu’s request to secure fresh external financing of $6 billion. The approval, which came barely three and a half hours after the President’s loan request letter was read on the floor of the upper chamber,…

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Lagos, Benue Top HIV Burden in Nigeria as Young Women Remain Most Vulnerable — Awareness Message

New data emerging from recent national estimates confirm that certain states in Nigeria continue to record the highest numbers of people living with HIV, highlighting ongoing public health challenges and the need for sustained awareness and targeted interventions. According to the latest available HIV case rankings, the states reporting the largest numbers of people living…

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Agbese Denies Governorship Ambition After Defecting to Labour Party.

Hon. Philip Agbese, Deputy Spokesperson of the House of Representatives, has dismissed speculations linking his recent political move to any governorship ambition in Benue State. Agbese, who represents the Ado/Okpokwu/Ogbadibo Federal Constituency, made this clarification on Tuesday in Abuja shortly after announcing his defection from the All Progressives Congress (APC) to the Labour Party (LP).…

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Tinubu’s $5bn Borrowing Plan Tests Nigeria’s Fiscal Limits.

President Bola Ahmed Tinubu has formally approached the National Assembly, seeking approval to secure a $5 billion external loan, a move that highlights his administration’s continued dependence on foreign borrowing to stabilise public finances and sustain economic reforms. The request, contained in a letter addressed to Senate President Godswill Akpabio and read during plenary, forms…

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