Politics
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Has South Africa Run with 5G Before it could Walk?
A number of South African telecommunications companies have recently launched local 5G networks. “The decision to introduce 5G means the service provider has determined that there are enough people in one place who are able to pay for super-fast wireless internet. Yes, it is a great technology. It is fast. It is the cream of mobile terrestrial telecoms and it serves the elite few who can afford it,” says Victor Stephanopoli, COO of MzansiSat. When 2G was introduced to South Africa in 1992, 2G networks were the first to offer data services and SMS text messaging. 2G was followed by LTE, which became 3G and which offered faster data transfer and video calling, making it preferable for smartphones. In 2012, 4G was launched in SA, initially only covering small areas in Johannesburg. Stephanopo...
Openserve Supports Increased Internet Consumption Amidst Pandemic
South African-based infrastructure provider, Openserve has launched another data-led wholesale broadband proposition called Openserve Pure Connect. The genesis of this proposition lies in utilising the value of both copper and fibre infrastructure to connect more households to the internet. Seeing the value that the vast copper and fibre network plays in the greater connectivity ecosystem, Openserve CEO, Althon Beukes, says that “the wholesaling of the hybrid copper and fibre broadband access product compliments Openserve’s overall fixed broadband strategy which is focused on providing fast and consistent connectivity to as many people as possible”. The demand for affordable broadband connectivity has significantly grown as consumers adapt to the prolonged effects of COVID-19. The new norm...
Edo APC primary: Group frowns at Chris Ogienwonyi’s disqualification
A political pressure group in Edo state, Masses Eye, has called on the leadership of the All Progressives Congress (APC), to apologise to one of the party’s chieftains, Chris Ogiemwonyi, for making a mockery of him during the party’s pre-primary election screening exercise. Recall that Ogiemwonyi was one of the governorship aspirants screened for the party’s primaries, but was disqualified by the committee over alleged discrepancies in the name on his credentials. The committee had disqualified Ogiemwonyi who is popularly known as Chris, saying the name cannot be be the Christopher on his credentials. But, the coordinator of the group, Mr. Samson Momorin, in a statement on Tuesday, said Ogiemwonyi’s disqualification was unjustified, more so, he has been a loyal and dedicated chieftain of t...
Oyo APC, Governor Makinde in war of words over N100 billion bond
The All Progressives Congress (APC) in Oyo State, yesterday, said it has uncovered fresh plots by Governor Seyi Makinde to add to the debt profile of the state through what it called needless borrowing of N100 billion styled bond by the governor to finance some projects. But the state government, in a swift reaction, said the APC was frustrated and has exhibited its mercantile approach to governance. The war of words came on the heels of Governor Mankinde’s approval for the issuance of N100bn Private bond for circular road, Iseyin-Ogbomoso road, Ibadan Airport expansion. However, APC, in a statement by its Publicity Secretary in the state, Dr. Abdul-Azeez Olatunde, noted that the governor on his assumption of office, was shouting on the roof top of meeting debt from his predecessor, in the...
Transactions close flat on NSE
Trading at the nation’s bourse closed flat on Wednesday with the All-Share Index (ASI), which opened at 24,174.45, closing at 24,173.53. Newsmen report that the ASI dropped by just 0.92 points or 0.004 per cent. Similarly, the market capitalisation lost one billion naira to close at N12.610 trillion against N12.609 trillion recorded on Tuesday. The marginal downturn witnessed in the market was due to losses in GlaxoSmithKline, Africa Prudential, Caverton, Sterling Bank and Consolidated Hallmark Insurance. Analysts at APT Securities and Funds Limited urged investors to position in fundamentally justified stocks. They noted that the market was set to rally in response to impressive half year earnings results. Eterna dominated the gainers’ chart in percentage terms, gaining 8.89 per cent, to ...
Senator Lawan: Nobody is above scrutiny of the National Assembly
President of the Senate, Ahmad Lawan, has said that nobody is above the scrutiny of the National Assembly. Lawan stated this in his closing remarks moments before the Upper Chamber adjourned plenary till September 15, 2020. Speaking on the gains of a harmonious working relationship between the Legislature and the Executive arm of Government, the Senate President advised appointees of the President against needless confrontation with the Committees of the National Assembly. According to him, engagements with Ministries, Departments and Agencies of Government by the Committees of the National Assembly are carried out to serve public interest and in accordance with the provisions of the 1999 Constitution as amended. “As for what has been happening recently, let me take this opportunity to adv...
Super Falcons striker bags award in US
Super Falcons and Linköpings of Sweden forward Uchenna Kanu has been voted the Polk County Female Collegiate Athlete of the Year, in the 2020 All Sports Awards and Hall of Fame ceremony on Tuesday night in the United States of America. This was announced on the Southeastern University (SEU) official website. Kanu is now the fifth SEU athlete to win the honor in program history. The 23-year-old graduated as one of SEU’s most renowned athletes, setting the National Association of Intercollegiate Athletics (NAIA) record for career goals with 157 and points with 366. Also, her 57 goals during the 2018 season were also an NAIA record. She played for Southeastern Fire from 2016 to 2018 signed for Sevilla in 2020 before eventually ending up at Linköpings also this year. In years past, the All Spo...
Inter not willing to spend more than €13 million on Alexis Sanchez
Inter chief executive Giuseppe ‘Beppe’ Marotta will try, as much as possible, to satisfy the demands that Manchester United have laid out for Alexis Sanchez according to a report from Italian news outlet FCInter1908.it. Talks with the Premier League club are from simple as the Red Devils have changed their mind regarding price and formula on man occasions already. Inter were initially only open to loaning him again but the report explains that the Nerazzurri club are now thinking about a permanent move for the Chilean international but do not wish to spend any more than €12-13 million on him. Marotta intends to offer such a figure well aware that he will be doing Manchester United a real favour by taking Sanchez’s huge wages of their wage bill. Inter will also need to find an agreement wit...
Boko Haram eliminates aid workers abducted in Borno
The Boko Haram terrorists on Wednesday released a video showing the assassination of five humanitarian workers who were recently abducted along Monguno area of Borno state. The insurgents had earlier demanded about $500,000 dollars ransom before the abducted workers can be released. In a video released on Wednesday, the abducted humanitarian workers were all executed. The message, left by the Boko Haram terrorist, reads: “We are sending this as a very strong message to you unbelievers and infidels. And to those of you that are being used by these infidels to repent. “You are working for them but they do not have any concern about you. “You worked for them to achieve their goals but they are very far from your plight. They do not show you any care. Look at you now. When we kidnap you they d...
Senate demands review of Power Sector Reform Act
The Senate on Wednesday called for the review of the Power Sector Reform Act 2005. According to the upper chamber, a new and more dynamic Electricity Act would among others, “consolidate the roles of regulators and policy makers; bridge existing gaps in the legal and regulatory framework; and cater to post-privatization operational issues in Nigeria’s power sector. The position of the Senate was contained in resolutions reached following consideration of the report of the Senate Committee on Power on “Addressing Nigeria’s Power Problems.” Chairman of the Committee, Gabriel Suswam (PDP – Benue North East), in his presentation stressed the need for more consumers to be metered to avoid estimated billing. He added that the Federal Government’s intervention since the privatization of the power...
Bitcoin could Rank as the 8th Largest Bank Globally, Research Says
If Bitcoin were a bank, it would rank as the eighth largest bank globally with a market cap of $169.01 billion, according to data gathered by Buy Shares. Bitcoin continues to lead the cryptocurrency sector towards mainstream adoption on a global scale by directly competing with traditional players like banks. The asset’s high cap correlates with its impressive 27.18% ROI on a Year-to-Date basis. Bitcoin beats traditional markets in ROI From the data, JP Morgan Chase’s cap of $433.5 billion, makes it the biggest bank in the world. Bitcoin would also rank lower than the Bank of America with a market cap of $306 billion. /* custom css */ .tdi_3_52f.td-a-rec-img{ text-align: left; }.tdi_3_52f.td-a-rec-img img{ margin: 0 auto 0 0; } ICBC ranks third with a capitalization of $290.9 billion follo...
Huawei Launches HMS Core 5.0 for Developers
Sourced from Getty Images. Huawei has officially launched Huawei Mobile Services (HMS) Core 5.0 for global developers on the official developer website. HMS Core 5.0 introduces services in seven main areas including App Services, Graphics, Media, AI, Smart Device, Security, and System for developers to make the most of Huawei’s “chip-device-cloud” capabilities. HMS Core, integrated with Huawei’s chip-device-cloud capabilities, provides core mobile services for developers. When HMS Core 4.0 was launched back on 15 January 2020, it not only improved existing HMS Core services such as the Push Kit and In-App Purchases, but also introduced new services including the Map Kit, Machine Learning (ML) Kit, Scan Kit, WisePlay DRM, and more. With HMS Core 5.0, more than 20 additional capabilities – s...
