Tag: Demand
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TNG Deal Breakers: That good deal may be a bad one
Some six years ago, something happened that altered a product preference which had become an unquestionable buy for my family. Over the radio, a jingle played that raced me back to my childhood days and, involuntarily, I joined in singing the advert rhyme of this product and it ached my mind that I had abandoned…
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Despite Police manhunt, Kidnappers demand N50m for Eight RCCG members
The abductors of members of the Redeemed Christian Church of God (RCCG) in Kaduna state have established contact with the leadership of the church in the state, demanding a ₦50 million ransom before they will release them. This was disclosed by the public relations officer of the Church in Kaduna province, Alao Joseph. Mr. Joseph…
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Brent oil races toward $80 amid strong demand
Brent crude oil rose for a sixth day on Tuesday to hit its highest since November 2014 at over 75 dollars per barrel. This development is buoyed by expectations that supplies will tighten just as demand reaches record levels. Brent crude futures marked 75.27 dollars a barrel on Tuesday. Brent’s six-day rising streak is the…
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Oil rises to $56 as demand rises
Oil markets were firm on Monday and remained near multi-month highs reached late last week as the number of U.S. rigs drilling for new production fell and refineries continued to start up after getting knocked out by Hurricane Harvey. U.S. West Texas Intermediate (WTI) crude futures were at 50.0 dollars per barrel at 0547 GMT,…
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Strikes: Be more proactive to workers’ demand – NLC tells FG, States
The Nigeria Labour Congress, NLC, on Thursday urged the Federal, States and Local Governments to be more proactive to workers’ demand to avoid a total breakdown of activities as currently obtained in the health and education sectors. In an exclusive phone conversation with TheNewsGuru.com, an executive of the union, who spoke on condition of anonymity…
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Forex: Monthly demand rose from N12bn to N588b in 2 years – CBN
The Central Bank of Nigeria, CBN has said despite the drop in forex earning by the Federal Government, the demand for it (forex) has continued to rise. The CBN Governor, Godwin Emefiele said on Tuesday that the average monthly import bill rose from N12.4 billion in 2005 to N588.1 billion in the first five months…
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Badoo: Whistle sellers in Ikorodu make brisk business as demand increases
Sequel to the rising cases of ritualistic murder by a deadly cult group popularly called ‘Badoo’ in the Ikorodu axis of Lagos, and the subsequent wake up call by leaders in the area for residents to be vigilant, whistle sellers are now in for a serious business as the demand for the device has increased.…
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Forex: CBN sells $1bn to clear backlog of demand
As part of its statutory role as lender of last resort, the Central Bank of Nigeria, CBN has sold about $1bn on the over-the-counter financial market to clear a backlog of dollar obligations in selected sectors, according to foreign exchange traders. The traders said on Thursday that the dollar sale was made last week. They…