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Venezuela: Opposition wins parliamentary elections

The opposition in Venezuela has won a majority of seats in the National Assembly, overturning nearly two decades of dominance by the Socialists of President Nicolas Maduro, the BBC reports.

Five hours after polling ended, the National Electoral Council announced the opposition had won 99 seats.

President Maduro has admitted defeat, recognising “these adverse results”.

It is the worst-ever defeat for the leftist movement founded by former leader Hugo Chavez in 1999.

The Socialists have gained 46 seats, with another 22 yet to be declared.

Results arrived much later than expected, five hours after polls closed. Fireworks erupted over the capital, Caracas, soon after.

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