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Naira declines further to N1080 to Dollar as forex crisis worsens

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Nigeria’s currency, the Naira, on Wednesday slumped to N1080 per Dollar at the foreign exchange parallel Market.

Dayyabu Ashiru, a Bureau De Change operative in Wuse Zone 4, disclosed this to newsmen.

According to him, the naira depreciated between N1,060 and N1,100 to the Dollar in the BDC market.

“We are selling between N1060-N1080 to a dollar, depending on who is selling as of Wednesday afternoon”, he said.

He noted that the figure is the highest since June 14, when the Central Bank of Nigeria floated the currency.

Meanwhile, it was gathered that the naira fell to its lowest at the official window on Tuesday, exchanging at N848/$1.

The development comes despite CBN’s move last week to lift forex restrictions on rice, cement and 41 other items eight years after the ban.

The apex bank claimed that lifting restrictions on 43 items will help halt the forex crisis and close the disparity between official and parallel market rates.

However, the forex crisis had persisted, defying CBN’s claim.

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British Airways Flight Grounded in Lagos Due to Technical Fault

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– British Airways flight delayed due to technical fault
– Passengers stranded at Murtala Muhammed Airport in Lagos
– Airline apologizes and re-accommodates passengers on other flights

A British Airways flight scheduled to depart for London from Lagos was delayed due to a technical fault, causing confusion and frustration among passengers.

The flight, which was scheduled to depart at 10:50 pm on Wednesday, June 19, was eventually canceled after 1:00 am, leaving many stranded.

However, most passengers have been re-accommodated on other flights, while the remaining affected passengers have been lodged in a hotel with their meals catered for since Wednesday.

According to a passenger, the airline is working hard to book the remaining customers on a flight as soon as possible.

The Regional Commercial Manager for Nigeria and Ghana, Mrs. Tutu Otuyalo, confirmed the development and apologized for the delay.

“We have been in contact with our customers to apologize for the delay to their flight, caused by a technical issue with the aircraft,” she said. “The safety of our customers is our top priority, and we would never operate a flight unless it is safe to do.”

In addition, Mrs. Otuyalo assured that the majority of customers have been re-accommodated on other flights, and the team is working hard to book the remaining customers on a flight as soon as possible.

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Celeste Arantes, Mother of Brazilian Soccer Icon Pele, Dies at 101

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Pele
– Celeste Arantes, Pele’s mother, passes away at 101
– Pele’s eldest son, Edinho, pays tribute to his grandmother
– Arantes taught Pele the value of love and peace from a young age

Celeste Arantes, the mother of Brazilian football legend Pele, has passed away at the age of 101, her family announced in a statement on Friday.

Accordingly, Pele’s eldest son, Edinho, took to social media to pay tribute to his grandmother, saying “Rest in peace, grandma” and sharing a heartfelt photo of them together.

Moreover, Arantes gave birth to Pele when she was just 17 years old and went on to have another son, Jair, who passed away in 2020.

In a tribute to his mother on her 100th birthday, Pele wrote on Instagram, “From a young age, she taught me the value of love and peace.”

Additionally, Pele shared three photos of them together at different stages in his life, showcasing their strong bond.

 

 

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