Tag: Supply
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Petroleum minister, Ekpo wades into cooking gas supply, price hike challenges
The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, has waded into the challenges of constant price increment of Liquefied Petroleum Gas (LPG) in the country’s domestic market. The intervention on LPG (cooking gas) follows the rise
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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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It‘ll take another two weeks for supply of petrol to normalize- IPMAN warns
No inland depot has received clean petrol that would boost supply to filling stations.
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Onion producers, marketers threaten to stop supply to Southern Nigeria from today
The Onion Producers and Marketers Association of Nigeria has threatened to stop the supply of onions down to the South from June 7, 2021. The group said it would carry out the threat if the government fails to compensate its members who have suffered losses in recent times following attacks in some parts of the…
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52.7m Nigerians lack access to water supply – Minister
The Minister of Water Resources, Mr Suleiman Adamu, says 52.7 million Nigerians have no access to water supply in the country. Adamu disclosed this while delivering a lecture to mark the 3rd Founders day ceremony of Edo University Iyamho on Saturday. The lecture is titled ” Water, Sanitation and Hygiene for Sustainable Development’’. Represented by…
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Oil prices rise as OPEC cuts supply
Oil prices were near 2019 highs on Tuesday, supported by supply cuts led by producer club OPEC. U.S. sanctions against oil producers Iran and Venezuela are also boosting prices, although traders said the market may be capped by rising U.S. output. U.S. West Texas Intermediate (WTI) futures were at 59.10 dollars per barrel at 0314…
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Forex: Again, CBN boosts supply, releases $195m into market
The Central Bank of Nigeria (CBN) on Monday, intervened in inter-bank Foreign Exchange Market with the supply of 195 million dollars as part of effort to stabilise the market. The acting Director, Corporate Communications of the apex bank, Mr Isaac Okorafor, in a statement, said 100 million dollars was offered through the wholesale segment. He…