China’s Huawei Technologies Co Ltd reported a meagre 3.7 per cent rise in quarterly revenue on Friday, ending the double-digit growth run it enjoyed earlier this year. January-September revenue reached 671.3 billion Yuan (£77 billion), Huawei said in a statement, without providing a segment breakdown. That represented a 9.9 per cent increase compared with the same period last year. For the third quarter alone, revenue reached 217.3 billion Yuan, versus 209.5 billion Yuan a year earlier, Reuters’ calculations showed. Net profit margin for the nine months was 8.0 per cent, versus 8.7 per cent over the same period a year…
Author: Editor
The Northern States Governors’ Forum has expressed concern that the ongoing protests has been taken over by hooligans, ethno-religious bigots and political marauders bent on destroying the country. This is contained in a communiqué signed by the Chairman of the Forum and Governor of Plateau, Mr Simon Lalong after the Forum’s meeting held in Kaduna to review the current security challenges in the country on Thursday. The communiqué called on Nigerians to unite against the “diabolical influencers” and ensure peaceful coexistence in the country, while also noting “that all these are antics of the enemies of the country who are…
Yesterday, a group of responsible and patriotic Nigerians who have watched with serious concern the unfolding crisis threatening to engulf our nation released a statement calling for urgent intervention. The group included Dr. Olisa Agbakoba OON, SAN, Bishop Mathew Hassan Kukah, Professors Attahiru Jega, Joy Ezeilo, Auwalu Yadudu, Adele Jinadu, Pat Utomi, Jibrin Ibrahim, Rufai Alkali and G, G. Darah, There were other Senior Advocates of Nigeria including Adeyemi Candide-Johnson, Funke Adekoya, Yusuf Alli, A. B. Mahmoud, Femi Falana, Rev Prof. Koyinsola Ajayi, Chino Obiagwu, and Mohammed Tabiu, Other signatories include Father George Ehusani, John Odah, Kabiru Yusuf, Comrade Salisu…
By Tolu Aiyegbusi On October 9, the Nigeria Postal Service (NIPOST) observed the 2020 World Post Day with the presentation of 100 years compendium of Nigeria postage stamps from 1914- 2014. The significance of the day is also indicated in the marking of the 146th anniversary of the creation of the Universal Postal Union — a specialised agency of the United Nations founded on October 9, 1874. As fundamental as the roles of postal services are to national development, concerned Nigerians note that NIPOST has not been living to the expectations of the public. They note that although one of…
By Edith Ike-Eboh The Federal Government says the deregulation of the downstream oil sector is aimed at allowing market forces to determine the prices of petroleum products. “It has become expedient for the Ministry of Petroleum to explain misconceptions around the issue of petroleum products deregulation’’, Minister of State for Petroleum Resources Timipre Sylva notes. According to him, it is unrealistic to continue to subsidise petrol as it has no economic value. “More so, when the subsidy was benefiting in large part the rich rather than the poor and ordinary Nigerians. “Deregulation means that the government will no longer continue…
The Independent National Electoral Commission, INEC, has announced the postponement of bye-elections in 11 states earlier scheduled to hold on October 31st, 2020. INEC, in a statement signed by its National Commissioner and Chairman, Information and Voter Education Committee, Festus Okoye said the decision followed a meeting of the electoral body with the 37 Resident Electoral Commissioners (RECs) to review preparations for the 15 bye-elections. “On Wednesday 21st October 2020, the Commission notified the nation that having taken cognizance of the current security situation in parts of the country, a meeting with the 37 RECs will be held to evaluate…
Arsenal scored twice in four minutes to win 2-1 at Rapid Vienna in the Europa League on Thursday and spare goalkeeper Bernd Leno’s blushes. This was after his blunder handed the Austrians a shock lead. Taxiarchis Fountas capitalised on Leno’s misfortune to put Rapid Vienna ahead in the 51st minute. David Luiz then headed Arsenal level and Pierre-Emerick Aubameyang, who started from the bench, scored for the win which gave them three points in the Group B match. Arsenal gave a first start to new signing Thomas Partey whose 50 million euro fee is more than the transfer market value…
President Muhammadu Buhari has urged the international community to always ascertain all the facts available before taking a position, rushing to judgment and making hasty pronouncements. In a nationwide broadcast on Thursday in Abuja, the president said the call had become imperative in view of the fact that some members of the international community had expressed concern about the #EndSARS protests in Nigeria. The president’s appeal may not be unconnected with the concern expressed by former First Lady of the United States, Hillary Clinton, and former Vice-President Joe Biden on the #EndSARS protests. The Nigerian leader said the choice to…
Fellow Nigerians, It has become necessary for me to address you having heard from many concerned Nigerians and having concluded a meeting with all the Security Chiefs. 2. I must warn those who have hijacked and misdirected the initial, genuine and well – intended protest of some of our youths in parts of the country, against the excesses of some members of the now disbanded Special Anti-Robbery Squad (SARS). 3. On Monday 12th October, I acknowledged the genuine concerns and agitations of members of the public regarding the excessive use of force by some members of SARS. 4. The choice…
Under President Muhammadu Buhari, there is a sense that the country could burn to the ground. For years, the name SARS hung in the air here in Nigeria like a putrid fog. SARS, which stood for Special Anti-Robbery Squad, was supposed to be the elite Nigerian police unit dedicated to fighting crime, but it was really a moneymaking terror squad with no accountability. SARS was random, vicious, vilely extortionist. SARS officers would raid bars or stop buses on the road and arbitrarily arrest young men for such crimes as wearing their hair in dreadlocks, having tattoos, holding a nice phone…