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South Africa gems that sparked rush are quartz not diamonds
The South African government says that stones found in a village last month are not diamonds but quartz. A cattle herder first uncovered the stones in KwaZulu-Natal province. It prompted thousands to rush to KwaHlathi village, more than 300km (186 miles) south-east of Johannesburg. But after conducting tests, officials have said the stones are quartz crystals, which are far less valuable. After feldspar, quartz is the most abundant mineral in the Earth’s crust. “The tests conducted conclusively revealed that the stones discovered in the area are not diamonds,” a local government statement reportedly said. The rush occurred in one of South Africa’s poorest regions. The country – which already suffers from high levels of economic inequality – has seen a surge in joblessness amid the ongoing ...
Survey of Top Dance Music Labels Highlights Artists’ Rush to Replace Lost Tour Income
The fast-paced music industry is in a constant state of flux, but few periods have been more anomalous for the industry at large than the last 15 months. The onset of the pandemic caused a shutdown of the entertainment business virtually overnight, accelerating seismic shifts in trends in unpredictable ways. Music demo submission platform LabelRadar surveyed A&R from some of the most vital organs of the dance music ecosystem including Monstercat, Dim Mak, Anjunabeats, and others to gain insight on how their role has changed and to identify emerging trends they’re observing. Yago Álvarez In their “The State of A&R in 2021” report, it’s clear artists have turned to expanding their media footprint to supplement lost touring income. As...
EFCC has recovered over $100 million for NPA – chairman
The chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, says the agency has recovered over $100 million for the Nigerian Ports Authority Bawa said the recovery was part of the outstanding remittances owed to the country through the Nigerian Ports Authority. In 2017, the federal government had terminated the boat pilotage agreement it signed with Intels, after Abubakar Malami, attorney-general of the federation (AGF), said it violated the constitution. The company was also accused of not paying taxes in 2017 — the same year NPA accused it of failing to remit an outstanding debt. Speaking at the weekly ministerial briefing organised by the presidential media team at the presidential villa, Abuja, on Thursday, Bawa said EFCC had made recoveries directly for the...
Naira appreciates at N493 to dollar in parallel market
The naira, on Thursday, appreciated by 1.8 percent to N493 to a dollar at the parallel market as the Central Bank of Nigeria (CBN) increased forex supplies to banks. The local currency, which opened at N502 per dollar, gained N17 to N485 during midday trading before closing at N493/$1, according to data on abokiFX.com, a website that collates parallel rates in Lagos. It also appreciated against the pound sterling to close at N710 and N600, gaining N3 and N6, respectively, on the street. At the importer and exporter (I&E) window, it appreciated 0.13 percent to close at N411.50 to the dollar. Last week, Godwin Emefiele, CBN governor, met with bank CEOs and agreed to increase the amount of foreign exchange allocated to banks to meet legitimate needs. Emefiele cautioned them to ensure that...
Naira slides again at official market
Naira for the second day in a row fell against the U.S. dollar at the official market Wednesday, but managed a rebound at the parallel market, a day after hitting its lowest black-market rate in at least four years. Data on the FMDQ Security Exchange where forex is officially traded showed that the naira closed at N412.00 per $1 at the Nafex window. The local currency performance on Wednesday represents a N0.25 or 0.06 per cent decrease from N411.75 the rate it traded in the previous session on Tuesday. The trading session on Wednesday witnessed a forex turnover of $131.86 million, this translates to a 23.44 per cent depreciation from $172.24 million posted in the previous session on Tuesday. The domestic currency experienced an intraday low of N420.97 and a high of N400.00 before closing ...
Euro 2020: Spain boss rues missed chances but defends game plan
Spain coach Luis Enrique rued missed chances from his side in their 0-0 European Championship draw with Sweden on Monday, insisting he will not be changing his style of play despite getting off to a disappointing start in the tournament. It was a familiar story for Spain, who enjoyed 85 per cent possession in Seville, the highest figure for a team in a European Championship fixture since 1980 when Opta started recording the data. “We were by far the better team, the opposition tried to hang back, we completely controlled the game and tried to generate as many chances as possible,” Luis Enrique told a news conference. “We were up against a physically strong team. We did have the chances to win the game. What went wrong was that we did not take these chances.” The Spain coach was also keen t...
Rapid spread of Delta variant throws England’s re-opening into doubt
British Prime Minister Boris Johnson’s hopes of ending England’s coronavirus lockdown on June 21 hung in the balance on Friday as data showed a further rise in cases of the rapidly spreading Delta variant. Johnson is due to announce on Monday whether the planned lifting of restrictions, which would see an end to limits on social contact, can go ahead on time. But the rapid spread of the Delta variant, officially a “variant of concern”, has thrown those plans into jeopardy, prompting speculation that the June 21 date will be pushed back, or that some restrictions will remain. “We have to be really careful. We had a very big opening on the 17th of May where people could meet friends indoors, in a restaurant, in a pub, and socialise indoors as well,” COVID-19 vaccines minister Nadhim Zahawi t...
Africa on cusp of the third wave of coronavirus facing a vaccine shortage
Africa is heading into a third wave of coronavirus infections as the least-inoculated continent faces a shortage of vaccines. African nations reported 94,000 new cases in the week through June 6, a 26% increase. South Africa announced the most new cases, followed by Tunisia, Africa Centres for Disease Control & Prevention Director John Nkengasong said in an online briefing Thursday. “Fourteen or so of our member states are now heading toward the third wave, and aggressively so,” he said. “It really highlights the need for us to roll out vaccines at speed and at scale.” Only 2.8% of Africa’s population is inoculated, compared with a global average of 14.5%, according to Africa CDC and Bloomberg Economics data. The program has slowed because of interruptions to supply from India, where m...
NPC: Census will not consider religion, ethnicity
The National Population Commission says the population census will not take into consideration the number of adherents of any religion or the number of members of ethnic groups. It, therefore, denied including a religious category in the questionnaires being distributed in the first pre-test exercise for the next population and housing census in the country. The Director, Public Affairs of the NPC, Udi Joseph, said this in a statement on Wednesday while reacting to viral Whatsapp messages claiming the NPC had made two separate categories for Muslims and one category for Christians in its questionnaire. In a statement titled, ‘NPC Refutes Fake News on Religion in Census Questionnaires’, the organisation said even in previous population census exercises, religion and ethnicity were not consi...
Chelsea goalkeeper Edouard Mendy receives hero’s welcome in Senegal
Chelsea goalkeeper Edouard Mendy was given a hero’s welcome by his Senegal teammates on his arrival at the national team camp on Thursday evening. Players and members of the national team management waited until late on Thursday evening to welcome the 29-year-old, who helped Chelsea win the Uefa Champions League trophy last Saturday after a 1-0 victory over Manchester City. Mendy is the second Senegalese player to lift the coveted European title after Sadio Mane won it with Liverpool in the 2018-19 season. He played a vital role in the Blues’ successful European campaign with a record nine clean sheets in 12 games. Following an impressive debut campaign in England, Mendy, who has made himself Chelsea’s no. 1, said he will continue working to improve his game. “I don’t set limits for myself...
Nigeria records 63 new coronavirus cases
Nigeria on Friday recorded 63 new coronavirus infections in seven states and the Federal Capital Territory (FCT). The new figure raised the total number of infections in the country to 166,254, an update published by the Nigeria Centre for Disease Control (NCDC) Friday night indicates. According to the update, no new death was recorded from the virus, which has already claimed 2,071 lives in the country. The data shows that the new COVID-19 cases were reported in seven states and Abuja. Lagos recorded 25 cases, closely followed by Ondo with 22. Rivers State reported six while Akwa Ibom and Kaduna reported three each. Also, Kwara State reported two while Ebonyi and FCT reported one each. A breakdown of the data shows that 11 people were discharged on Friday after testing negative for the vi...
South East leaders decry injustice against Igbo
Pool Photo A leading Igbo social-political group, Nzuko Umuna, says that Nigeria, particularly the South East, is witnessing insecurity because of injustice, inequalities and lack of governance. Addressing reporters in Abuja on Monday, Sam Amadi, chairman of the legal committee of the think tank, said the unfair and unequal treatment of citizens have compounded the insecurity crisis. Amadi said the South East used to be the ‘safest region in Nigeria, but has become a site of organised criminality.’ ‘Nzuko Umuna recognises that Nigeria has descended into a depth of insecurity partly because of the failure of governance across the country and particularly because of inequities and injustices of political leadership in Nigeria,’ the former chairman of the Nigerian Electricity Regulatory Commi...