Intelligence Unit
Yuletide: NSCDC chief orders deployment of personnel to flash points
SIGNAL The Commandant General of the Nigeria Security and Civil Defence Corps (NSCDC), Abdullahi Gana Muhammadu, has ordered the deployment of personnel to all nooks and crannies of the country in order to maintain peace, order and effective security of lives, property before, during and after the yuletide season. This is done against the backdrop of various reports of kidnapping, bandit attacks, assassinations and other forms of criminal activities in recent times. In a statement issued yesterday, DCC Emmanuel Okeh, CDPRO, said Gana reiterated that the determination to make the yuletide season hitch free is upper-most in the scheme of things as lots of Nigerians will be traveling to different parts of the country to celebrate with family and friends hence, the need for citizens’ safety. H...
Oil prices slide in lockdown-driven rout
Oil prices dived Thursday on demand fears as more nations go into lockdown to staunch the spread of the coronavirus, while stock prices attempted a modest rebound. Both main oil contracts fell five percent for part of the day before clawing back some of their losses, extending this week’s meltdown to plumb four-month lows on virus-driven demand fears. “The new lockdowns have since yesterday caused a carnage in the oil market,” said Bjornar Tonhaugen, head of oil markets at Rystad Energy. “Oil demand will lose ground as a result of the new lockdowns… Prices now naturally decline on this grim prospect,” he added. The drop in oil prices will increase the pain on oil companies. Exxon Mobil announced Thursday it was eliminating 1,900 US jobs as part of a cost-cutting drive necessitated in part ...
