Queen Elizabeth II has lost £10million in her finances as a result of the pandemic.
Buckingham Palace revealed on Wednesday, June 23, that it had lost just over half its annual income outside of Government funding after closing its gates to visitors.
Income plunged from £20.2million in 2019/20 to £9.4million in 2020/21.
Meanwhile, its property maintenance bill soared from £38.4million to £49.5 million as part of its planned upgrade of the Queen's official residence.
The sovereign grant, money given to the monarch by the UK Government which is based on the income surplus from The Crown Estate two years ago, increased by £3.5million to £85.9million during 2020/21.
It was comprised of a core element of £51.5million that funds the Queen's...
The dollar hit N735 in the parallel market on Wednesday as political campaign activities began in the country.
According to Bureau De Change operators in Lagos and Abuja, dollar price had increased from N718 – N720 to N728-N735 in the last one week.
A BDC operator at Amuwo-Odofin in Lagos, Bala Usman, said, “It is N728. I can’t go less than that.”
Another operator, Abubakar Jamiu, at Zone 4, Abuja, told the PUNCH, “Dollar don cost, we are selling at N730, no more no less.”
But the dollar rate hit N735 by the close of Wednesday.
An operator in Lagos Island, Mallam Zakari, said that dollar rate had surged to N735 as at 4:54pm.
“Dollar is N735 and I will buy...
