Police Rescues Four Youth Corpers Kidnapped in Zamfara

Operatives of the Nigeria Police Force today March 11, 2020, rescued four NYSC corps members who were kidnapped on March 9, 2020, along Funtua-Gusau Road on their way to NYSC Orientation Camp, Gusau in Zamfara State. The successful rescue operation came as a result of diligent and intense intelligence gathering and sustained coordinated operations. The corps members: Oladehin Paul, Ojo Temitope, Ojewale Elizabeth and Adenigbuyan Adegboyega have since been handed over to the Zamfara State Director of the National Youth Service Corps, while Mohammed Ardo, a co-travellers from Gusau who…

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President Buhari expresses concern over growing spread of Coronavirus

Nigeria’s President, Muhammadu Buhari has expressed serious concerns over the spread of the deadly COVID-19 virus worldwide. Buhari, at a dinner, organized to celebrate the conclusion of the “Going for Growth 2.0″ roundtable at the Presidential Villa on Wednesday, revealed that the virus was responsible for the recent crash in crude oil prices. He stressed on the importance of making sure Nigeria is self-sufficient in the production of strategic goods. Oil prices have dropped a staggering 46% since January 2020. ”They have also highlighted the fact that we need to…

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Naira devaluation likely soon as oil prices plunge

(Bloomberg) — The Nigerian central bank will be unable to maintain the naira’s value for much longer as a slump in oil prices drains foreign reserves, according to a Bloomberg survey of investors and analysts. Seven of 16 respondents expect the currency to be devalued in the third quarter, while four forecast a downward adjustment as early as the second quarter. Another three foresee a devaluation in the fourth quarter and two next year. Oil prices collapsed this week after the world’s biggest exporters failed to agree on how to…

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