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FG, Huawei Awards 1000 Nigerian Civil Servants



  • FG, Huawei Awards 1000 Nigerian Civil Servants

The Federal Government of Nigeria in collaboration with global leading ICT firm, Huawei Technologies Company Nigeria Limited, closed out the training for 1000 Nigerian civil servants under the ICT for change programme with a closing award ceremony.

The ceremony which held at the Abuja International Conference Centre, had in attendance the office of the Secretary to the Federal Government (SGF), who was represented by the Permanent Secretary General Services Office, Mr. Olusegun Adeyemi Adekunle, the Minister of Communications, Dr. Isa Pantami, the office of the Permanent Secretary of the Federal Ministry of Interior represented, the Honourable Ambassador of the People’s Republic of China to Nigeria, Mr. Zhou Pinhjian, as well as the Vice President of Huawei Technologies, Mr. Chen Zhijun and other top management of the company.

The ICT for Change program is a Memorandum of Understanding (MoU) signed between the Federal Government of Nigeria and Huawei Technologies Company Nigeria Limited as part of Huawei’s CSR initiatives aimed at supporting the automation of government processes in Nigeria. The program had two phases which were to train 2000 Nigerian youths and 1000 Nigerian Civil Servants on core ICT capacity. On the 25th of October 2018, the company signed the MoU to proceed on the second phase of the training for the civil servants and started the program on the 14th of January 2019. The program which had 19 batches of civil servants was completed on the 28th of June 2019 having trained a total of 935 public servants drawn from 101 Ministries, Departments and Agencies (MDAs).

At the closing ceremony, the Secretary to the Federal Government (SGF), Mr Boss Mustapha, represented by the Permanent Secretary General Services Office, Mr. Olusegun Adeyemi Adekunle, expressed his delight on the successful conclusion of the training program. He stated that “on behalf of the Federal Government of Nigeria, I wish to sincerely thank Huawei Technologies for this partnership in fulfilling their corporate social responsibility as a reputable global organization. This gesture is highly commendable and we look forward to more of such programmes that seek to compliment Federal Government’s commitment to deliver good governance.”

“The ICT For Change program has tremendously increased the knowledge of the participants in the areas of Human Capacity building in developing ICT trends, Innovative ICT & Building Smart City, Internet of Things Trends and Solutions, E-Government, Cloud technology, web design and maintenance, Microsoft Word training, Software-Defined-Networking (SDN), etc.” he added.

The SGF also stated that the programmes were also in alignment with the Federal Civil Service Strategy and Implementation Plan (2017 -2020) which seeks to enhance the capacities and capabilities of Ministries, Departments and Agencies (MDAs) in their performance and delivery systems.

The Minister of Communications, Dr. Isa Pantami, expressed his appreciation to Huawei Technologies for its continuous partnership with the Nigerian government – ministries, departments and agencies. He stated that “Capacity building is critical to achieving digitization in the country and Huawei Technologies through this training is contributing significantly to the mandate of the present administration to drive a fully digital government ecosystem”. According to the Honourable minister, trainings as this which improve digitization also significantly contribute to poverty alleviation in the country which is a core mandate of the present administration.

The Honourable Ambassador of the People’s Republic of China to Nigeria, Mr. Zhou Pinhjian, acknowledged that “Civil servants play an essential role in the effective and efficient running of government. With the ever wider spread and application of ICT in our society, civil servants everywhere are confronting more and more ICT-related challenges in formulating and implementing policies.”

“I wish to express my sincere appreciation to the Office of the Secretary to the Government of the Federation (OSGF) for its deep trust in Huawei, an integral part of Nigeria’s ICT ecosystem and a leading ICT giant of the world which we Chinese are very proud of. The efforts made by the OSGF in partnership with Huawei to enhance ICT training are highly commendable, as capacity building initiative is one of the eight major initiatives announced at the FOCAC Beijing Summit last September.” The ambassador added.

He assured a good working relationship between the both countries stating that “China remains committed to enhancing exchanges and cooperation between competent authorities of China and Nigeria, sharing good practice in each other’s ICT development, seizing the opportunity presented by the digital economy, encouraging companies to carry out cooperation in ICT infrastructure, the internet and the digital economy, and working together to narrow the digital divide and promote the building of an information society in Nigeria and China.”

Huawei Technologies Vice President, Mr. Chen Zhijun, stated that “In Nigeria, ICT has played a crucial role in providing the requisite tools that support the diversification of the economy. ICT has contributed over 10% of Nigeria’s GDP. Furthermore, World Economic Forum predicts that by 2025, some 1.9 million jobs and $20 billion in additional GDP will accrue to Nigeria as technology continues to offer people new opportunities to engage in online platform work and transition from informal to formal jobs.”

“The ICT for Change program is a part of Huawei Nigeria’s efforts in skill transfer and talent fostering. At Huawei, we believe that people are the most important and valuable asset. Investment in people is investment in future. Huawei Nigeria is determined and committed to walking this journey with Nigerians to boost availability, accessibility and affordability of ICT services to turn digital inclusion into social and economic inclusion, with our vision and mission to bring digital to every person, home, organization for a fully connected and intelligent world.”

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and, with over a decade experience in the global financial markets.


Lenovo Sales in Q3 2020 Surge by 8.3%, HP Sales Up by only 0.7%




Lenovo Sold 18.3 million PC to Top Other Brands in Q3 2020

Lenovo was the top PC brand in Q3 with a total of 18.3 million unit shipments. According to the research data analyzed and published by StockApps, compared to Q3 2019 when its unit shipments totaled 16.9 million, there was an increase of 8.3%.

Based on a study by IDC, Lenovo’s stellar performance coincided with an overall increase of 14.6% in global PC shipments. Gartner’s estimate of growth in global shipments is more conservative, at 3.6%, but does not include Chromebook sales.

HP Leads US Market with 30.8% Market Share; Lenovo in Third Spot

Lenovo’s market share increased from 24.5% to 25.7% between Q3 2019 and Q3 2020. On the other hand, HP’s market share contracted from 22.3% to 21.6% in the same duration.

In terms of global shipments, HP took second place with 15.4 million shipments, up from 15.3 million in Q3 2019, a 0.7% increase year-over-year (YoY). Part of the reason for HP’s drop was a 30% YoY decline in desktop shipments. Together, HP and Lenovo accounted for 47.3% of the PC market share.

On the other hand, in the US market, HP was the top brand with 5.1 million unit shipments and a 30.8% market share during Q3 2020. Lenovo came in third, behind Dell, with 2.5 million unit shipments and a 15.3% market share.

Acer showed the highest growth during Q3 2020, with an increase of 29.5% YoY in global shipments. Dell was the poorest performer of the top brands, with a 4.6% decline YoY. According to IDC, total unit shipments during the quarter were 81.3 million, while according to Gartner, the total was 71.4 million. Chromebook shipments, which made the difference between the two reports, grew by 90% YoY.

Lastly, according to a report by Statista, the global PC industry shrunk for seven consecutive years between 2012 and 2018. It went from 365 million unit shipments in 2011 to 259 million in 2018. The seven-year slump came to an end in 2019 when worldwide shipments grew by 0.6% according to Gartner and 2.7% according to IDC.

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Combined Market Cap of Five Largest MedTech Companies Surged by $40bn YoY



Health Insurance

Five Largest MedTech Companies Gained Combined $40bn Year-on-Year

The coronavirus outbreak put immense pressure on the healthcare industry, forcing pharmaceutical institutions to roll out clinical trials for a COVID-19 vaccine at breakneck speed. However, many other companies also played a huge role in identifying symptoms and keeping the virus under control, which sparked significant innovations in the medical technology market.

According to data presented by AksjeBloggen, the combined market capitalization of Johnson & Johnson, Abbott Laboratories, Medtronic, Siemens AG, and Cardinal Health Inc., as the five biggest MedTech companies globally surged by $40bn year-over-year, reaching $394.3bn in October.

Abbott Laboratories Market Cap Jumped by 31%, the Biggest Increase in 2020

The World Health Organization defines medical technology, or MedTech, as the use of knowledge and technology in devices, medicines, and procedures to advance human health. One aspect of that which has been drawing more and more attention lately is remote healthcare services or telemedicine, as the growing number of people seek medical advice from the safety of their homes.

In September 2019, the combined market capitalization of the five major Medtech companies amounted to $354.2bn, revealed the Yahoo Finance data. By the end of the year, their combined value of shares rose to $398.7bn.

However, the first quarter of 2020 witnessed a significant drop, with the figure plunging to $359.1bn after the stock market crash in March. The following months brought a recovery, with the combined market capitalization of the five companies rising to $385.4bn in June.

The increasing trend continued in the fourth quarter, with the figure increasing by $8.9bn between June and October.

As the leading MedTech company globally, Johnson & Johnson witnessed an almost $40bn increase in the market capitalization year-over-year, growing from $340.3bn in September 2019 to around $380bn last week.

However, statistics indicate that Abbott Laboratories, the second-largest MedTech firm, witnessed the most significant market cap growth in 2020. In December 2019, the combined value of shares of the Chicago-based healthcare company specialized in nutrition, pharmaceuticals, diagnostic treatments, and medical devices amounted to $153bn. After falling to 139.5bn in March, this figure recovered to $161.8bn in June and continued rising.

In August, the company announced the US Food and Drug Administration (FDA) had issued Emergency Use Authorization for its BinaxNOW COVID-19 portable and affordable antigen test that can deliver results within 15 minutes. Since March, the company has got US authorizations for five other coronavirus tests, including the ID Now that can provide results within minutes.

The Yahoo Finance data show Abbott Laboratories market cap jumped to $194.1bn last week, a 31% increase year-over-year.

Siemens AG Market Cap Rose by 20% Year-over-Year

As one of the leading manufacturers and developers of medical devices in the industry, Siemens AG has also witnessed substantial market cap growth in 2020. Their products mostly center around diagnostic equipment and medical imaging systems, the largest contributor of more than €86.8 billion in revenue in the 2019 fiscal year. Statistics show the combined value of the German company’s shares rose by 20% year-over-year, rising from $87.4bn in September 2019 to $104.4bn last week.

The market capitalization of Medtronic plc, the Irish firm that has been at the top of the industry for nearly three decades, rose by 3.5% YoY. In December 2019, the market cap of the medical device company peaked at $151.3bn. After a sharp fall to $120.8bn in March, this figure recovered to $150.4bn last week.

The Yahoo Finance data indicate that Cardinal Health, Inc., an American multinational health care services company providing supplies to more than 75% of the US hospitals, witnessed the smallest increase in the combined value of shares. Statistics show its market cap rose by $350 million after the stock market crash in March, landing at $14.3bn last week, a 3.7% increase year-over-year.


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Buy Now, Pay Later Apps Record 8m Installs YTD, Grows by 155% YOY




8.43 Million People Install Buy Now and Pay Later Apps

Data presented by Stock Apps indicates that Buy Now, Pay Later applications have recorded about 8.43 million downloads. The downloads are on a year to date basis.

Coronavirus spurs BNPL apps downloads growth

The highest downloads were recorded as of September 20th at 1.4 million. As of January 20th, the BNPL applications had been downloaded 962,000 times.

The application downloads recorded a significant decline across the year between March and April at 767,000 and 734,000, respectively.

The Stock Apps research also overviewed the application downloads on a year over year basis. As of September 2019, the apps had been downloaded 650,000 times. During a similar period this year, the apps had recorded 1.4 million downloads.

The research explained the soaring popularity of BNPL apps registered this year. According to the research report:

“The Buy Now, Pay Later apps enables customers to purchase goods with payment plans segmented into installments. The apps have been on the rise this year as the coronavirus took a toll on the economy. Most people lost their jobs as different states imposed lockdowns to contain the virus. Due to the pandemic, consumer spending dropped. Essentially, as the economic uncertainty grew, many consumers were more comfortable buying a variety of essential items that had the option to make smaller payments over time without adding to their credit card debt.”

The research also linked the rise to consumers who are shunning credit cards due to high costs.

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