Day: November 27, 2020

Millions of fans barred as Maradona Buried next to mother, father’s graves

Aoko Benjamin

  Diego Maradona was buried on Thursday in a private ceremony attended by only twenty four people as millions of fans and followers were prevented from attending the ceremony. Only family members and close friends – two dozens of them – were permitted at Jardin Bella Vista cemetery for the final religious ceremony and burial of Maradona next to the graves of his parents, Dalma and Diego, reports Sky Sports. Fans waving Argentine flags had gathered along roads as Maradona’s funeral car drove by under heavy security. Many tried to…

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Naira crashes, nears N500/$1 On Parallel Market

Precious Ibekwe

  . Nigeria’s currency and unit of exchange, Naira, sheds N8 against dollar in less than 24 hours The Naira, Nigeria’s currency and unit of exchange, fell further near N500/1$ to N495/$1 on Thursday from N487 per dollar on Wednesday. The currency, which exchanged exactly at N450/$1 on Thursday, had exchanged for N484/$1 at the weekend. Quotong a data obtained from “Abokifx,” a website that tracks forex rates on the parallel market, New Telegraph reported that although trading had opened earlier in yesterday with the naira at N487/$1, it depreciated…

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Nigeria Phases Out N1.8trn Power sector’s Intervention Fund

Damola Oyede

  President Muhammadu Buhari has announced the scraping of the Power Assistance Fund (PAF) domiciled in the Central Bank of Nigeria (CBN) and targeted at supporting tariff shortfalls, as well as other interventions in the power sector. A document made available to the Senate revealed that the interventions had gulped a whopping N1.8 trillion since the beginning of power privatisation on November 1, 2013. Buhari, who made this announcement in Lagos, during the commissioning of the power system’s Supervisory Control and Data Acquisition (SCADA) project centre put in place by…

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