Minerals
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 ...
Nigerian government approves N9.2 billion premium for civil servants’ life insurance
The Federal Executive Council (FEC) has approved the sum of N9.2billion as premium to insurance companies that will manage the group life insurance for federal civil servants in the country. Minister of Information and Culture Lai Mohammed revealed this when he briefed State House correspondents on the outcome of the Council meeting which was presided over by President Muhammadu Buhari in Abuja on Wednesday. He said: “On behalf of the Head of Civil Service of the Federation, I will like to report that council today approved the award of contract for the appointment of insurance companies for group life assurance for federal government employees, public servants, para-military and the intelligence community for the year 2021-2022 in the sum of N9, 248. 995, 907. “This premium is for a perio...
AU welcomes Nigeria ahead of AfCFTA kick-off
The African Union Commissioner for Trade and Industry, Albert Muchanga, said in Addis Ababa on Friday that instruments signifying Nigeria’s entry into the African Continental Free Trade Area (AfCFTA) will be received at the commission’s headquarters shortly ahead of next year’s kick-off of trading. Speaking during the AfCFTA Business Forum 2020 to discuss the status of preparations to launch the continental trading, Muchanga said the launch of trading will facilitate the growth of African enterprise and enhance the capacity of industries producing goods to a wider population. Nigeria, which signed the AfCFTA agreement in 2019, officially ratified the agreement on 12 November. The instruments of ratification are expected to be received at the AU on Saturday, 5 December, the deadline for the...
