• Raid by DSS worsens dollar scarcity at parallel market

    Raid by DSS worsens dollar scarcity at parallel market

    Suspicion and fear permeates the Lagos parallel market as traders struggle to come to terms with last week’s raid by security operatives, the News Agency of Nigeria reports.

    The situation worsened the scarcity of the greenback as traders’ fear that operatives of the Department of State Services were still disguising as potential foreign exchange buyers in the market.

    A currency trader, who pleaded anonymity, said the situation might further erode the gains made by the Central Bank of Nigeria in ensuring the […]

  • Kidnapped Lagos student’s health worsens, as abductors reject parents’ offer

    Kidnapped Lagos student’s health worsens, as abductors reject parents’ offer

    According to reports, the health of one of the school children kidnapped by gunmen at Igbonla Model College, Epe, Lagos has reportedly deteriorated, as the kidnappers have rejected the offer of N750, 000 ransom offered by the parents.

    The kidnappers had insisted on the sum of N1 million before he could be released.

    Reports said the victim had fallen ill after a down pour on Saturday, forcing the kidnappers to order his family to pay any amount to release him for treatment.

    The […]