Covid-19: AfDB approves loan of €83M for Egypt’s Electricity Sector

African Development Bank (AfDB) approves a loan of €83 million for Egypt’s electricity sector to spur economic recovery from Covid-19. The program seeks to enhance the power sector’s financial sustainability, governance and operations.

June 16, 2021 – The Board of Directors of the African Development Bank (AfDB) have approved an €83 million loan to finance the second phase of Egypt’s Electricity and Green Growth Support Program. The funding is part of the Bank’s budget support to the Egyptian government to strengthen its electricity infrastructure, which is expected to bolster the private sector and accelerate recovery from the Covid-19 crisis.

afdb

The program seeks to enhance the power sector’s financial sustainability, governance and operations. It will also advance the provision of clean, reliable energy to drive green growth. Egypt’s successful reforms in the sector have led to greater private investment in utility-scale renewable energy projects.

“Egypt’s Vision 2030 instils the sustainability ethos across all sectors. Energy and electricity are amongst the top sectors in Egypt’s International Development Cooperation’s portfolio, pushing towards a green reform,” said Egypt’s Minister of International Cooperation, Rania Al Mashat. “With 2021 being the year of private sector engagement, the Electricity and Green Growth Support Program will contribute towards sustainable growth and job creation and catalyze the development of Egyptian private entities,” she added.

Malinne Blomberg, the Bank’s Deputy Director-General for the North Africa Region, said the African Development Bank continues to actively engage with the Egyptian government and private sector companies to support the country’s medium-term development plan and economic reforms, with a particular focus on economic infrastructure such as energy, transport, water and sanitation, as well as industrialization.

In addition to the African Development Bank, Agence Française de Développement and the Japan International Cooperation Agency have also provided financial support to Egypt’s Electricity and Green Growth Support Program.

Cristiano Ronaldo Snub Wipes $4Billion Off Coca-Cola’s Market Value

The value of the beverage giant, Coca Cola fell in the region of four billion dollars ($4Billion) after Cristiano Ronaldo disparagingly removed two bottles from their place at his press conference on Monday.

Cristiano Ronaldo is known to be a keen advocate of healthy living and is not a fan of carbonated soft drink (fizzy drinks) such as Coca Cola.

Upon arriving for his media duties ahead of Portugal’s opening Euro 2020 game against Hungary, the attacker sat down and then pushed two bottles of Coke to one side. He then pointedly raised a bottle of water. Ronaldo followed it by holding up a bottle of water before declaring in Portuguese: “Agua!”, appearing to encourage people to choose that instead.

Cristiano Ronaldo coca cola

The message was clear and, as well as going viral on social media, it has had an impact on the financial world too. Coca Cola shares dropped from 56.10 dollars to 55.22 dollars almost immediately after Ronaldo’s gesture, meaning the company’s value fell from 242bn dollars to 238bn dollars.

Cristiano Ronaldo Snub Wipes $4Billion Off Coca-ColaMarket Value
Chart credit: Caughtoffside.com

If anyone was in any doubt over the power of Ronaldo’s words and actions, they won’t be now.

This isn’t the first time Ronaldo has spoken out against carbonated drinks, having previously told of how he tries to avoid his son consuming them.

Consumer Goods Sector Downs Equity Market, as Inflation Declines to 17.93%

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June 15, 2021 – Transactions on Local Bourse closed today (Tuesday) on a bearish note. The negative performance was a result of investor’s profit-taking sentiments in recently appreciated bellwether stocks like AIRTELAFRICA, OKOMUOIL, and 24 others, as inflation declines for the second consecutive month to 17.93% in May.

Consequently, the market capitalization declined by 1.66% while the NGX-ASI reduced by 1.67%. However, the market breadth closed positively recording 26 gainers against 19 losers.

inflation consumer goods Stock market halts two days downtrend, gains 1.04%

In summary, the All-Share Index (ASI) dropped by 648.99 absolute points, representing a decline of 1.66% to close at 38,507.29 points. However, the overall Market Capitalization value shed N339.85 billion, representing a decrease of 1.67%. 

The discrepancy between the NGX-ASI and the market capitalization was a result of the delisting of four companies, namely:  Evans Medical Plc, Nigerian-German Plc, Roads Nigeria Plc, Unic Diversified Holdings Plc to close at N20.07trillion.

CWG emerged as the top gainer (by percentage points) for today, with a maximum price appreciation of +9.73%, while AIRTELAFRICA emerged as a  top loser (by percentage points) with a maximum price depreciation of -10.00%.

Today’s market downturn was driven by price depreciation in large and medium capitalized stocks amongst which are; AIRTELAFRICA(-10.00), OKOMUOIL(-9.44%), AFRIPRUD(-8.33%), PZ(-3.33%), PRESCO(-2.50%), STANBIC(-2.44%), UACN(-2.06%), GUARANTY(-1.38%), TRANSCORP(-1.11%), FLOURMILLS(-1.00%), FCMB(-0.96%), UBA(-0.70%), VITAFOAM(-0.42%), NASSCON(-0.34%), DANGSUGAR(-0.28%), and GUINNESS(-0.17%).

MARKET STATISTICS

CAP N20,069,351,938,036.25 One Day (ASI CHG) -1.66%
Index 38,507.29 One Week (ASI CHG) -0.96%
Volume 297,346,399.00 One Month (ASI CHG) -2.47%
Value N3,649,933,851.61 Six Months (ASI CHG) +9.32%
Deals 4,402.00 52 Weeks (ASI CHG) +54.31%
Gainers 26 Losers 19
Unchanged 60 Total 105
YTD Returns -4.38%

Source: Ngxgroup.comGTI Research 

FOREIGN EXCHANGE

The Investors and Exporters (I&E) FX window opened at N411.46, traded high at N430.00, traded low at N400.00, and eventually closed at N411.75, depreciating by 0.23% against Friday’s closing position.

MONEY MARKET

The overnight (O/N) rate closed at 15.17%, representing a 7.77% depreciation against Friday’s position. while Open Buy-Back (OBB) rate closed at 15.00%, representing 7.33% depreciation against Friday’s position.

Sector Performance

 Security   Change Percent 
 NSE30           -0.22
 NSEBNK           +0.16
 NSECNSMRGDS           -0.18
 NSEINDUSTR                –
 NSEINS          +0.41
 NSELOTUSISLM          -0.28
 NSEOILGAS         +0.13

 

Top 7 Gainers

 Security   Previous Close   Open Price   Close Price   Change Price   % Change 
 CWG           1.13                       1.13                         1.24           0.11           9.73
 BERGER           6.70                       6.70                         7.15           0.45           6.72
 REDSTAREX           3.10                       3.10                         3.23           0.13           4.19
 NEM           1.80                       1.80                         1.87           0.07           3.89
 WAPIC           0.55                       0.55                         0.57           0.02           3.64
 NEIMETH           1.72                       1.72                         1.78           0.06           3.49
 ACCESS           8.20                       8.20                         8.45           0.25           3.05

 

Top 7 Losers

 Security   Previous Close   Open Price   Close Price   Change Price   % Change 
 AIRTELAFRI       837.00                  837.00                     753.30 –      83.70 –      10.00
 OKOMUOIL       116.50                  116.50                     105.50 –      11.00 –        9.44
 CORNERST           0.55                       0.55                         0.50 –        0.05 –        9.09
 LEARNAFRCA           1.00                       1.00                         0.92 –        0.08 –        8.00
 LIVESTOCK           1.90                       1.90                         1.81 –        0.09 –        4.74
 VERITASKAP           0.24                       0.23                         0.23 –        0.01 –        4.17
 AFRIPRUD           6.30                       6.30                         6.05 –        0.25 –        3.97

 

Top 7 Traders By Volume

 Security   Close Price   Daily Volume   Daily Value 
 ACCESS           8.45    43,138,885.00    359,541,444.40
 STERLNBANK           1.60    33,208,485.00      52,131,077.09
 ZENITHBANK         23.35    25,903,188.00    602,184,250.55
 UACN           9.50    22,925,319.00    216,791,783.15
 UHOMREIT         36.60    19,013,000.00    695,875,800.00
 UBA           7.10    15,463,474.00    110,621,796.00
 MANSARD           0.90    12,597,897.00      11,315,012.84

 

Top 7 Traders By Value

 Security   Close Price   Daily Volume   Daily Value 
 UHOMREIT         36.60    19,013,000.00    695,875,800.00
 ZENITHBANK         23.35    25,903,188.00    602,184,250.55
 MTNN       163.00      2,343,633.00    381,484,870.10
 ACCESS           8.45    43,138,885.00    359,541,444.40
 PRESCO         74.00      3,814,047.00    268,227,965.10
 UACN           9.50    22,925,319.00    216,791,783.15
 DANGSUGAR         17.70    11,508,336.00    203,597,614.95

Ardova Plc Acquires 100% Stake in Enyo Retail and Supply Limited

Ardova Plc, a leading Nigerian integrated energy company has completed the acquisition of a 100% equity stake in Enyo Retail and Supply Limited.

Enyo Retail and Supply is one of the newest and fastest-growing retail and supply companies in the downstream sector. This announcement is pursuant to the acceptance in principle of AP’s offer and acquisition framework by the shareholders of Enyo.

Enyo is a technologically driven player and currently operates over 90 stations across Nigeria attending to over 100,000 retail customers daily across 15 states of the country.

Ardova Plc Positions to Acquire Enyo Retail and Supply Limited

Upon completion, Ardova Plc will look to retain Enyo branded stations which will operate side by side with its brand, leveraging on its strengths.

Commenting on the recent acquisition, the Chief Executive Officer of Ardova Plc, Olumide Adeosun, said,

On completion, this acquisition will lead to a stronger downstream energy group that benefits from the increased customer reach and service delivery excellence of both companies, with the combination expected to produce stronger financial results.’’

Ardova enyo Boosted Revenue by 3.7% in Q3-2020 as Operating Expenses Increase Brandspurng1
Chief Executive Officer of Ardova Plc, Olumide Adeosun | Brand Spur Nigeria

Recall that

January 13 2021, Ardova Plc had announced entering into discussions with the shareholders of Enyo, in a bid to take over the assets of the Enyo Retail and Supply. The firm further revealed that the shareholders of Enyo had accepted its offer and acquisition framework in principle, although subject to the successful completion of a due diligence exercise and the receipt of all required regulatory approvals.

Stanbic IBTC Capital Limited and Banwo & Ighodalo are acting as financial and legal advisers respectively to Ardova Plc. On the other hand, Rand Merchant Bank and Herbert Smith Freehills Paris LLP are acting as financial and legal advisers to Enyo Retail and Supply Limited, and certain of its shareholders.

Ardova Plc’s 2020 Audited results – Key Highlights

  • Revenue grew by 3% to N182bn from N177bn in the previous quarter.
  • Profit before tax declined by 38% to N2.9bn.
  • Profit after tax declined by 53% to N1.9bn.
  • Net Assets grew by 12% from N16bn to N18bn.

Ardova to act as Main Distributor for Shell Branded Lubricants Products

Nigeria’s Inflation Rate Drops To 17.93%, But Food Prices Rise

Nigeria’s headline inflation rate dropped for the second consecutive month in May, however, the prices of food have continued to skyrocket.

Latest data published by the National Bureau of Statistics (NBS) on Tuesday revealed that the Consumer Price Index (CPI), which measures inflation, increased by 17.93 per cent (year-on-year) in the fifth month of the year 2021. This is 0.19 percent points lower than the rate recorded in April 2021 (18.12 percent).

On a month-on-month basis, the Headline index increased by 1.01 percent in May 2021. This is 0.04 percentage points higher than the rate recorded in April 2021 (0.97 percent).

Nigeria’s Inflation Rate
Photo by Eva Blue

The percentage change in the average composite CPI for the twelve months period ending May 2021 over the average of the CPI for the previous twelve months period was 15.50 percent, showing a 0.46 percent point rise from 15.04 percent recorded in April 2021.

Food prices on the rise

According to the data, the composite food index rose by 22.28 percent in May 2021 compared to 22.72 percent in April 2021.

This rise in the food index was caused by increases in prices of Bread, Cereals, Milk, Cheese, Eggs, Fish, Soft drinks, Coffee, Tea and Cocoa, Fruits, Meat, Oils and fats and Vegetables.

On a month-on-month basis, the food sub-index increased by 1.05 percent in May 2021, up by 0.06 percent points from 0.99 percent recorded in April 2021.

The average annual rate of change of the Food sub-index for the twelve-month period ending May 2021 over the previous twelve-month average was 19.18  percent, 0.60  percent points from the average annual rate of change recorded in April 2021 (18.58) percent.

In May 2021, the food inflation rate on a year on year basis was highest in Kogi (32.82%), Kwara (26.02%) and Enugu (25.43%), while Akwa Ibom (20.06%), Bauchi (18.65%) and Abuja (16.91%) recorded the slowest rise in year on year inflation.

On a month-on-month basis, however, May 2021 food inflation was highest in Kogi (3.11%), Ogun (2.89%) and Anambra (2.37%), while Edo, Sokoto and Ekiti recorded price deflation or negative inflation (general decrease in the general price level of food or a negative food inflation rate).

inflation rate Food trade FOOD FORTIFICATION World food prices rise for 7th month in a row in December

In May 2021, all items inflation on year on year basis was highest in Kogi (25.13%), Bauchi (23.02%) and Sokoto (20.11%), while Katsina (15.69%), Imo (15.52%) and Delta (14.85%) recorded the slowest rise in headline Year on Year inflation.

On a month-on-month basis, however, in May 2021 all items inflation was highest in Kogi (2.22%), Ogun (2.17%) and Cross River (2.07%), while Ekiti (0.02%) recorded the slowest rise in headline month on month with River and Sokoto recording price deflation or negative inflation (general decrease in the general price level of food or a negative food inflation rate).

The “All items less farm produce” or Core inflation, which excludes the prices of volatile agricultural produce stood at 13.15 percent in May 2021, up by 0.41 percent when compared with 12.74 percent recorded in April 2021.

On a month-on-month basis, the core sub-index increased by 1.24 percent in May 2021. This was up by 0.25 percent when compared with 0.99 percent recorded in April 2021.

inflation rate Dividend Nigeria Economy Slides into Recession; Albeit, Q3 2020 Real GDP Contraction Rate Eases to 3.62%…
Afolabi Sotunde Illustration Naira

The highest increases were recorded in prices of Pharmaceutical products, Garments, Shoes and other footwear, Hairdressing salons and personal grooming establishments, Furniture and furnishing, Carpet and other floor covering, Motor cars, Hospital services, Fuels and lubricants for personal transport equipment, Cleaning, repair and hire of clothing, Other services in respect of personal transport equipment, Gas, Household textile and Non-durable household goods.

The average 12-month annual rate of change of the index was 11.50 percent for the twelve-month period ending May 2021; this is 0.25 percent points higher than the 11.25 percent recorded in April 2021.

UNICEF Calls For Immediate Release Of Abducted Sudents In Tegina

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As Nigeria just marked two weeks since the abduction of 150 students from the Salihu Tanko Islamiya School in Tegina, Rafi Local Government Area of Niger State, north-central Nigeria, UNICEF expressed deep concern about the fate of the children – some of whom are as young as 3 – and called for their immediate and unconditional release.

“We are appalled that two weeks after 150 students were abducted from their school, they continue to be held by their abductors,” said Rushnan Murtaza, Officer in Charge, Representative UNICEF Nigeria.

“Parents are grieving their children’s ‘disappearance’; siblings are missing their brothers and sisters – these children must be immediately and unconditionally released and safely reunited with their families.”

“It is horrifying that schools and school children continue to be targets of attack – and in this particular incident, even children as young as 3 years old. We can only begin to imagine how frightened they are, and the impact this will have on their mental health and well-being.”

UNICEF stressed that attacks on students and schools are not only reprehensible but a gross violation of the right of children to an education. It is a right that any society can ill-afford to violate.

The organization called on the Nigerian Government to take all measures to protect schools in the country, and implement the promises made in the Financing Safe Schools in Nigeria Conference in April this year, so that children will not be fearful of going to school, and parents afraid of sending their children to school.

“Schools must be safe places to study and develop, and learning should not be a risky endeavour,” said Rushnan Murtaza. “There are very few – if any – things more important for any society than ensuring the safe education of its children.”

Through The Looking Glass: An Optimist’s View Of West Africa’s Ten-Year Prospects

What will West Africa look like in ten years? Will we continue on the path of slow advancement, or will technology be a catalyst that could see us create a technologically advanced society such as the one embodied by Wakanda in the Black Panther movie?

Africa is arguably undergoing the most rapid and far-reaching changes of any region in the world, as a swelling population, consistent economic growth and greater digitisation of goods and services herald a new era of opportunity for progress and prosperity.

The continent’s urban population is expected to swell by an estimated 24 million people every year between 2015 and 2045, with implied increases in consumption.

By 2030, Africa’s under-18 population will grow by nearly 170 million, according to data by Unicef, and young Africans are expected to make up 42% of the world’s youth population by 2030. By the middle of the century, two in every five children under the age of 18 will live in Africa.

This demographic dividend, if given the correct mix of skills development and economic opportunity, could transform Africa’s fortunes and usher in a rapid economic development similar to that of Vietnam and China over the past twenty years.

How we collectively approach the next ten years could determine whether West Africa – and the continent as a whole – realises its potential and achieves greater prosperity for its growing population.

Africa on the move

Today, Africa accounts for 17% of the world’s population but only 3% of global GDP. This is due to change.

By 2025, household consumption in Africa could reach an estimated $2.1-trillion, and business consumption $3.5-trillion. The launch of the African Continental Free Trade Agreement has effectively started the process of creating a growing market of $1.3-trillion with a consumer base of 1.3 billion.

While the pandemic has had a devastating effect on governments, citizens and businesses across Africa, there is much cause for hope and optimism. In West Africa and elsewhere on the continent, the growing adoption of digital technologies combined with African ingenuity and innovation are contributing to a transformation of the continent’s cities, schools, businesses and governments.

Transforming learning and education

The pandemic has had a severe impact on schools and education, with many countries instituting lockdowns that kept kids out of school. The forced switch to remote work has created greater urgency within education departments across the region to fast track the process of building better e-learning capabiltiies.

The share of West African youth with post-secondary education is also rapidly increasing, from 13% in 2000 to 23% in 2020. If countries in the region can implement an accelerated education policy, we could see this share jump to 71% by 2040.

By 2030, we may well see urban and rural schools using hybrid teaching models that combine in-school and distance learning. The continued role of initiatives such as SAP Africa Code Week, which has introduced millions of kids to basic coding and digital skills since its launch in 2015, will be vital as public and private sector partners work with governments across the region to equip youth with the essential skills needed to succeed in the global digital economy.

Connectivity, digitisation creating new opportunities

Connectivity remains a challenge to improving not only the region’s e-learning capabilities, but its wider adoption of digital services. In 2015, only 15% of the population across West Africa had access to 4G technology, but this rate leapt to 63% by 2020.

The arrival of 5G in the region will accelerate connectivity and help establish entirely new ways to learn, do business, purchase products and engage with government services. This faster connectivity may also see an acceleration of telco operator efforts at diversifying. Expect to see greater innovation in payments and digital services as telcos introduce tailored new offerings to subscribers.

The switch to remote work has initiated an accelerated process of digital transformation in West African workplaces. Expect to see more mature systems and processes guiding remote and hybrid work models, with potentially new innovations from the region’s healthy startup ecosystem.

The rise of regional technology hubs that can house and incubate a new breed of African innovation-led business also point to a bright future. West Africa is already home to 142 technopoles, regional technology hubs where a new breed of innovative African businesses can start up and grow.

These include the IT & Biotechnology Village in Côte d’Ivoire, as well as incubators such as Jokkolabs which is present in several countries in the region.

The shifting consumer landscape

Greater connectivity may also unlock the region’s immense e-commerce potential. While e-commerce market growth held steady at 9% annual growth from 2010 to 2017, the region’s dominant e-commerce companies have recently made huge strides forward, including Jumia, whose growth will be accelerated following the massive $570-million funding it raised in the past six months.

However, some challenges remain before the promise of e-commerce can be fully realised across the region. Data by the Boston Consulting Group found that between 30% and 40% of products ordered over the internet are returned because the recipient cannot be found.

The region’s underdeveloped retail sector could be a blessing in disguise, as there are fewer legacy aspects to change or overcome. In 2018, there were 136 physical retail stores per million people in Latin America, 568 per million in Europe, and 930 per million in the US. In Africa, there was only 15 formal retail stores per million people.

By the end of the decade, we may also see a transformation of the in-store shopping experience, as customer experience (CX) efforts mature and greater automation and choice become available. Self-service checkout counters, contactless mobile or biometric payments, and robotic workers assisting in-store staff with certain repetitive tasks may become common sights in the region’s retail environments.

Smart homes could become commonplace, connecting households to products and services through connected appliances and home automation systems. The falling price of sensors and the prospect of 5G connectivity could see entirely new categories of smart devices emerge, including clothing, consumer goods, and much more.

The next ten years will be some of the most exciting and most important times in our history. As organizations in West Africa continue to invest in digital technologies and build towards becoming intelligent enterprises, new opportunities will emerge that could transform how we live, work, learn and play. I for one am excited to see how the place I call home steps into our technology-enabled future.

Local Bourse Starts The Week In Bearish Form, NSE ASI Sheds 166bps

The equities market closed in red at the end of today’s trading session as the benchmark index declined by 1.66% to close at 38,507.29 points.

This was mainly due to the sell pressure in bellwether stocks such as AIRTELAFRI (-10.00%) and OKOMUOIL (-9.44%). Consequently, the YTD loss worsened to -4.38% as market capitalization decreased by  ₦341 billion to close at  ₦20.07 trillion.

The Sectoral Performance strengthened as three of the five indices under coverage improved, one declined while the Industrial index remained flat at 1,952.42. The Insurance index, the biggest gainer, improved by 0.41%, followed by the Banking (0.16%) and Oil and Gas (0.13%) indices respectively. Conversely, the Consumer Goods index, the only loser, declined by 0.18%.

Investor sentiment weakened in today’s trading session, as market breadth declined to 0.69x from 1.56x. This was illustrated by the advance of 19 stocks, led by  CWG (9.73%) and BERGER (6.72%), and the decline of 26 stocks, led by AIRTELAFRI (-10.00%) and OKOMUOIL (-9.44%).

Activity level improved as total volume and value increased by 2.86% and 2.82% respectively as investors exchanged about 297.35million units of shares worth over N3.65billion.

Fixed Income

Activity across the bond yield curve was mixed as 2 of the 4 bond yields under coverage declined. Both FGN-APR-2023 and FGN-APR-2024  yields declined by 0.01% while the FGN-JUN-2026 and FGN-JUL-2030 yields increased by 0.17% and 0.05% respectively.

Treasury bill yields for the 90, 180 and 365-day papers closed at 4.71%, 6.28% and 9.77%.

We expect bullish momentum to return in the next trading session as the equities market still presents decent opportunities for investors chasing positive real return on investments.

MARKET SNAPSHOT

  • Local Bourse Starts the Week in Bearish Form, NSE ASI Sheds 166bps
  • Mixed Sentiment across the Bond Yield Curve
  • Bullish Performance in Global Stocks 
  • Parallel Market Reports at N505/$.
  • Mixed Sentiment in African Stocks

BET Awards 2021: Taraji P. Henson To Host The 2021 BET Awards

…As Queen Latifah To Bags LifeTime Award

Organizers of the Black Entertainment Television (BET Awards) have announced that Oscar-nominated actress, Taraji P. Henson will host the BET Awards 2021.

Further stated that Golden Globe-winning and Academy Award-nominated actor Queen Latifah with the prestigious Lifetime Achievement Award.

Queen Latifah To Receive LifeTime Award at BET Awards 2021 -Brand Spur Nigeria
Queen Latifah To Receive LifeTime Award at BET Awards 2021 -Brand Spur Nigeria

The “BET AWARDS” 2021 will air LIVE, Monday 28 June on BETAfrica (DStv channel 129) at 01:00 WAT. You can also catch the repeat at 18:00 WAT on the same day.

“The 2021 BET Awards theme, The year of Black Women is a celebration to honour trailblazing black women across the globe,” said Monde Twala, SVP at BET International.

“Now in its twenty-first year, the BET AWARDS continues its reign as the platform to showcase black female excellence and shine a light on culture as the driving force for social change.”

“Black women have been essential drivers of change throughout history, from the political sphere to the cultural zeitgeist,” said Connie Orlando, EVP Specials, Music Programming & Music Strategy at BET.

“The BET AWARDS is the ultimate celebration of Black culture, and we are looking forward to spotlighting and celebrating Black women during this year’s show, recognizing them for everything they’ve accomplished and applauding them for what’s to come.”

Taraji P. Henson BET Awards Host

Taraji P. Henson most recently wrapped her iconic run as “Cookie Lyon” on Fox’s hit musical drama EMPIRE, which has earned her three Emmy nominations, a Golden Globe Award, a Critics Choice Award, and three BET Awards.

BET Awards 2021 Taraji P. Henson To Host The 2021 BET Awards -Brand Spur Nigeria
BET Awards 2021 Taraji P. Henson To Host The 2021 BET Awards -Brand Spur Nigeria

She portrayed NASA mathematician Katherine G. Johnson in the Academy Award-nominated film HIDDEN FIGURES, as well as lent her voice to Disney’s RALPH BREAKS THE INTERNET: WRECK-IT RALPH 2.

In 2018, she launched the Boris Lawrence Henson Foundation in honour of her late father. The organisation provides scholarships to African-American students majoring in mental health disciplines, offers mental health services to youth in urban schools, and works to lower the recidivism rates of African-American men and women.

Henson, along with her best friend and foundation partner, Tracie Jade, recently co-hosted the Facebook Watch series on mental health called PEACE OF MIND WITH TARAJI, for which they received a Daytime Emmy Award nomination for “Outstanding Informative Talk Show Host.”

Additionally, the “BET AWARDS” will be honoring Queen Latifah with this year’s Lifetime Achievement BET Award. Latifah has had amazing success since her career began in Hollywood and became the first hip-hop artist to be crowned with a star on the Hollywood Walk of Fame in 2006.

She received rave reviews, industry recognition, and accolades for her roles in feature musical CHICAGO and cable films LIFE SUPPORT and BESSIE, which she also produced. Additionally, Latifah starred in the hit comedy GIRLS TRIP and has also taken to the stage and small screen as the title character in the television musical, THE WIZ LIVE!. Flavor Unit Entertainment, the production company owned and operated by Latifah and Shakim Compere, was behind the hit comedies, BRINGING DOWN THE HOUSE, BEAUTY SHOP, and THE PERFECT HOLIDAY.

Latifah currently stars in and is an executive producer on the CBS series reboot of THE EQUALIZER, which quickly became TV’s #1 scripted series this year.

Connie Orlando, EVP Specials, Music Programming & Music Strategy at BET will oversee The “BET Awards” 2021 and serve as Executive Producer along with Jesse Collins, CEO of Jesse Collins Entertainment.

Brand Spur Nigeria understands that voting for the 2021 BET AWARDS ‘Viewer’s Choice Award’ is now open here.

BET.com/betawards is the official site for the “BET Awards” and will have all the latest news and updates about this year’s show.

The “BET AWARDS” 2021 will air LIVE, Monday 28 June on BETAfrica (DStv channel 129) at 01:00 WAT. You can also catch the repeat at 18:00 WAT on the same day.

Vivo Launches V21 And V21e Smartphones With Unbelivable Features In Nigeria

As a brand that focuses on smart devices and intelligent services, Vivo has launched a V21 series, a new device that comes with brand new OIS technology.

Posters and hashtags were circulating on social media platforms in anticipation of the launch of the V21 series. The brand had put out a series of engaging content on social media platforms, creating buzz and major anticipation by fans.

Vivo Launches V21 And V21e Smartphones With Unbelivable Features In Nigeria-Brand Spur Nigeria
Vivo Launches V21 And V21e Smartphones With Unbelivable Features In Nigeria-Brand Spur Nigeria

The brand, since entering into the Nigerian market brand has been combining the best elements of technology and style to create an extraordinary life for young consumers.

The branding manager of Vivo Nigeria, Taiwo Disu, presented the rich history of the brand from its birth to its entry into the Nigerian market and the milestones it has achieved so far.

The brand, since entering into the Nigerian market brand has been combining the best elements of technology and style to create an extraordinary life for young consumers. As a consumer-centric brand, the branding manager assured the audience of the quality of research and innovation put into satisfying the cravings of consumers.

Specifications

BODY Dimensions 159.7 x 73.9 x 7.3 mm (6.29 x 2.91 x 0.29 in)
Weight 176 g (6.21 oz)
Build Glass front, plastic frame, plastic back
SIM Hybrid Dual SIM (Nano-SIM, dual stand-by)
DISPLAY Type AMOLED, 90Hz, HDR10+, 500 nits (typ)
Size 6.44 inches, 100.1 cm2 (~84.8% screen-to-body ratio)
Resolution 1080 x 2400 pixels, 20:9 ratio (~409 ppi density)
PLATFORM OS Android 11, Funtouch 11.1
Chipset MediaTek MT6853 Dimensity 800U 5G (7 nm)
CPU Octa-core (2×2.4 GHz Cortex-A76 & 6×2.0 GHz Cortex-A55)
GPU Mali-G57 MC3
MEMORY Card slot microSDXC (uses shared SIM slot)
Internal 128GB 8GB RAM
UFS 2.2
MAIN CAMERA Triple
64 MP, f/1.8, 26mm (wide), 1/1.72″, 0.8µm, PDAF, OIS
8 MP, f/2.2, 120˚, 16mm (ultrawide), 1/4.0″, 1.12µm
2 MP, f/2.4, (macro)
Features LED flash, HDR, panorama
Video 4K@30fps (no OIS), 1080p@30/60fps
SELFIE CAMERA Single 44 MP, f/2.0, (wide), AF, OIS
Features Dual-LED flash, HDR
Video 4K@30fps (no OIS), 1080p@30fps
SOUND Loudspeaker Yes
3.5mm jack No
COMMS WLAN Wi-Fi 802.11 a/b/g/n/ac, dual-band, Wi-Fi Direct, hotspot
Bluetooth 5.1, A2DP, LE
GPS Yes, with A-GPS, GLONASS, GALILEO, BDS
NFC No
Radio No
USB USB Type-C 2.0, USB On-The-Go
FEATURES Sensors Fingerprint (under display, optical), accelerometer, gyro, proximity, compass
BATTERY Type Li-Po 4000 mAh, non-removable
Charging Fast charging 33W, 63% in 30 min (advertised)
MISC Colors Dusk Blue, Sunset Dazzle
Models V2066
Price About 320 EUR
TESTS Performance
AnTuTu: 336699 (v8), 365055 (v9)
GeekBench: 6516 (v4.4), 1600 (v5.1)
GFXBench: 17fps (ES 3.1 onscreen)
Display Contrast ratio: Infinite (nominal)
Loudspeaker -28.2 LUFS (Average)
Battery life

Where And How To Buy V21 And V21e

The V21 retails for N159,000 while the V21e retails for N129,000 and is available for purchase within all Vivo authorized retail stores nationwide plus the Vivo Nigeria official Jumia and Konga store.