VANDAL CRUSHED TO DEATH UNDER COLLAPSED TRANSMISSION TOWER IN DELTA STATE. (PHOTO).

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 VANDAL CRUSHED TO DEATH UNDER COLLAPSED TRANSMISSION TOWER IN DELTA STATE A suspected vandal has been crushed to death under a collapsed vandalised  transmission tower along the 330kV Ughelli-Benin transmission line in Delta State. The incident was discovered during a line patrol carried out by the Delta Sub-Region, Lines Maintenance Department of the Transmission Company of Nigeria (TCN), following the tripping of the line on earth fault on the Ughelli - Benin 330kV Transmission line. A statement by the TCN indicates that the patrol team traced the fault to Tower 101, which had collapsed. The body of the suspected vandal was found crushed between the tower members. Tower 101 on the adjacent Ughelli - Sapele 330kV  transmission line had also been vandalized.
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NAIRA DEPRECIATES TO N1,520/$ IN PARALLEL MARKET. (PHOTO)

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 Naira depreciates to N1,520/$ in parallel market


The Naira yesterday depreciated to N1,520 per dollar in the parallel market, from N1,470 per dollar last week Friday.

Similarly, the Naira depreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,478.11 per dollar.


Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,478.11 per dollar from N1,466.31 per dollar last weekend, indicating N11.8 depreciation for the naira.


Consequently, the margin between the parallel market and NAFEM rates widened to N41.89 per dollar from N3.69 per dollar last weekend.

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