Smartphone And Tablet Slim Modem Revenue Jump 72 Percent In 2020

According to the latest research from Strategy Analytics, the global smartphone and tablet slim modem market grew 72 percent to $5.8 billion in 2020.

Intel led the smartphone and tablet slim modem market in unit terms while Qualcomm led in revenue terms in 2020, per Strategy Analytics’ Handset Component Technologies (HCT) research report “Smartphone and Tablet Slim Modem Tracker 2020: Intel Leads but Qualcomm Gains Share”. Samsung LSI ranked number three in the smartphone and tablet slim modem market in 2020 with its Exynos-branded 5G slim modems.

The terms slim modem used in this research report refers to a stand-alone baseband processor.

Sravan Kundojjala, the author of the report and Associate Director of the Strategy Analytics Handset Component Technologies service, commented, “Qualcomm made a strong comeback and captured 56 percent revenue share in the smartphone and tablet slim modem market in 2020.

The company’s slim modem shipments grew 377 percent in unit terms in 2020. Qualcomm’s X55 5G slim modem featured in the iPhone 12 lineup and multiple Android flagship devices in 2020.

Qualcomm will continue its slim modem momentum in 2021. Beyond smartphones and tablets, cellular IoT, automotive, connected PCs, fixed wireless access and mobile broadband segments all appeal to slim modem vendors. We expect increased focus on these segments from Qualcomm, MediaTek and Samsung in the next few quarters.”

According to Christopher Taylor, Director of the Strategy Analytics RF & Wireless Components service, added, “Intel led the smartphone and tablet slim modem market in unit terms. Intel’s shipments declined 23 percent in 2020 as its primary customer Apple shifted to Qualcomm’s 5G slim modems in 2020.

The iPhone SE 2020 model and the iPhone 11 lineup fueled Intel’s slim modem shipments in 2020.”

WHO Issues New Guidance For Research On Genetically Modified Mosquitoes To Fight Malaria

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New guidance from the World Health Organization (WHO) sets essential standards to inform future research and development on genetically modified mosquitoes, particularly in addressing issues relating to ethics, safety, affordability, and effectiveness.

Malaria and other vector-borne diseases, including dengue and Zika, affect millions globally. More than 400 000 people a year die from malaria alone. If proven safe, effective and affordable, genetically modified vector mosquitoes could be a valuable new tool to fight these diseases and eliminate their enormous health, social and economic burden.

The guidance framework for testing genetically modified mosquitoes, developed in partnership with TDR, the Special Programme for Research and Training in Tropical Diseases, and the GeneConvene Global Collaborative, an initiative of the Foundation for the National Institutes of Health, describes best practices to ensure that the study and evaluation of genetically modified mosquitoes as public health tools is safe, ethical and rigorous.

WHO to investigate allegations of sexual exploitation and abuse in Ebola response in the Democratic Republic of the Congo

Current strategies for limiting transmission of mosquito-borne diseases are only partially effective. New, complementary approaches are needed to close the gaps in current vector control interventions, such as effective control of outdoor biting, and to provide alternatives to manage the increasing threat of insecticide resistance. Research suggests genetically modified mosquitoes could be a powerful and cost-effective tool to supplement existing interventions.

“We urgently need innovative approaches to help control mosquito-borne diseases, which have a devastating impact around the world,” said Dr John Reeder, TDR Director.

“Genetically modified mosquitoes is one such approach, but we want to be sure it’s fully and responsibly evaluated, as outlined in a recent WHO position statement.”

“Like any new public health intervention, genetically modified mosquitoes raise new questions for researchers, affected communities and other stakeholders,” said Dr Michael Santos, Director of the GeneConvene Global Collaborative.

“The updated guidance framework aims to answer these questions and help ensure that testing of genetically modified mosquitoes is as rigorous as it is for other public health products – and that it generates quality results to guide decisions about if and how these technologies are used.”

“Over the last 2 decades, we have achieved remarkable results with existing malaria control tools, averting more than 7 million deaths and 1.5 billion cases of the disease,” said Dr Pedro Alonso, Director of the WHO Global Malaria Programme.

“However, progress towards key targets of our global malaria strategy remains off course. Genetically modified mosquitoes are one of a number of promising new tools that could help speed the pace of progress against malaria and other vector-borne diseases.”

“The incidence of dengue continues to increase and affect people in over 129 countries, so we need more sustainable vector control tools to stem the tide of dengue and other arboviral diseases and a few novel tools offer the potential to control these diseases,” said Dr Mwele Malecela, Director of the WHO Department for the Control of Neglected Tropical Diseases.

“We welcome this new guidance from WHO which will help countries suffering from mosquito-borne diseases to evaluate a promising new intervention,” said Professor Aggrey Ambali, Senior Advisor at the African Union Development Agency-New Partnership for Africa’s Development (AUDA-NEPAD), the development agency of the African Union.

The new guidance addresses specific questions and challenges associated with research and development on genetically modified mosquitoes, including standards for decision-making about how and when testing should proceed.

By establishing a common set of expectations that is specific to genetically modified mosquitoes, the new resource will enable more informed and rigorous evaluation by researchers, developers, those responsible for regulatory and policy decisions and the people to whom these stakeholders are accountable.

The guidance builds on an earlier document published by TDR and FNIH in 2014, incorporating the latest scientific advancements related to genetic modification of mosquitoes, as well as other key updates and learnings related to safety and ethics, including:

  • methods for understanding the implications of genetically modified mosquitoes for human health, animal health and the environment;
  • increased understanding of the most effective strategies for risk assessment and stakeholder engagement;
  • clearer criteria for projects to proceed from one testing phase to the next, incorporating descriptions of the steps needed to safely and responsibly take genetically modified mosquito technologies – including those incorporating gene drive – into the field; and
  • a concrete set of safety and efficacy considerations that should be evaluated at each phase of testing, to inform decisions about further testing and implementation.

Netflix Releases Pascal Atuma’s film “Clash”

Recently, Netflix released ‘Clash’, a film by multiple award-winning film director and producer, Pascal Atuma. The film boasting a star-studded cast drawn from Nollywood, Hollywood, and other film industries, explores the complexities of multicultural relationships.

It focuses on a young Nigerian who for many years lived a lie with a misconception that his uncle was his biological father.

Netflix , clash

The movie’s storyline also reflects a broad spectrum of experience and nationalities. “Even though it is an African story, it is a family story that connects globally,” said the director Atuma.

“It is a story that has to do with the struggle of a young man whose father died when he was very little and the mum married the uncle. He has grown up thinking that the uncle is his biological father, only for him to find out in Canada, during his graduation, when his uncle came over, that the uncle was not his real biological father.

The family had him live a lie for a number of years and when he found out, he was very angry. Amid the anger, he was also dealing with a bi-racial relationship. He was dealing with a lot. That is how the title ‘Clash’ came about.“

In the movie, culture clashes with love. Atuma puts it this way:

“So, we made a movie for the global market, but preaching multi-culturalism, because that is partly what Canada is preaching right now. That is why the film was co-sponsored. The film was co-sponsored through an envelope for FEVA TV administered by Telefilm Canada Media Fund (CMF), and one of Atuma’s Government College Umuahia classmates, Pius Chigoziri Harbor.”

Starring Stephanie Okereke-Linus, Omoni Oboli, Brian Hooks, Merlisa Langellier, Vivian Williams, Atuma among others, ‘Clash’ was originally written by Nigerian-American, George Kalu, and distributed in Africa by FilmOne. It was initially planned for the cinemas last year but due to the pandemic, was cancelled. It is now available on Netflix where the producer hopes it will reach a wider global audience.

Nigerians Paid Less For Kerosene In April – NBS

The National Bureau of Statistics (NBS) said that the average price per gallon paid by consumers for National Household Kerosene decreased by -0.87% month-on-month and by 1.81% year-on-year to N1,226.08 in April 2021 from N1,236.86 in March 2021.

“States with the highest average price per gallon of kerosene were Katsina (N1,572.73), Kebbi (N1,570.00) and Jigawa (N1,422.22).”

“States with the lowest average price per gallon of kerosene were Bayelsa (N917.50), Delta (N1008.46) and Rivers (N1062.50).”

The report, however, stated that the average price per litre paid by consumers for National Household Kerosene increased by 0.38% month-on-month and by 5.95% year-on-year to N362.68 in April 2021 from N361.29 in March 2021.

“States with the highest average price per litre of kerosene were Taraba (N478.89), Ebonyi (N468.33) and Benue (N452.17).”

“States with the lowest average price per litre of kerosene were Abuja (N250.00), Bayelsa (N255.71) and Yobe (N290.28).”

Nigerians Paid More for Diesel And Petrol in April – NBS

The National Bureau of Statistics (NBS) said that the average price paid by consumers in Nigeria across two fuel types (Diesel and Petrol) increased month-on-month and year-on-year in April 2021.

The bureau announced this in its “National Price Watch for Cooking Gas, Diesel, Kerosene and Petrol’’ released in Abuja.

PREMIUM MOTOR SPIRIT (PETROL)

The average price paid by consumers for premium motor spirit (petrol) increased by 27.16% year-on-year and decreased month-on-month by -3.65% to N166.38 in April 2021 from N172.68 in March 2021.

States with the lowest average price of premium motor spirit (petrol) were Borno (N152.30), Katsina (N156.60) and Gombe (N157.11).

According to the report, states with the highest average price of premium motor spirit (petrol) were

  • Plateau – N178.14
  • Kano – N177.00
  • Abia – N175.92

States with the lowest average price of premium motor spirit (petrol) were:

  • Borno – N152.30
  • Katsina – N156.60
  • Gombe – N157.11

AUTOMOTIVE GAS OIL (DIESEL)

The average price paid by consumers for Automotive Gas Oil (diesel) increased by 0.76% month-on-month and by 5.84% year-on-year to N237.19 in April 2021 from N235.41 in March 2021.

States with the highest average price of diesel were Benue (N264.75), Borno (N255.43) and Ebonyi (N252.50).

States with the lowest average price of diesel were Anambra (N211.92), Kogi (N215.00) and Jigawa (N217.93).

States with the highest average price of diesel were:

  • Benue – N264.75
  • Borno – N255.43
  • Ebonyi – N252.50

States with the lowest average price of diesel were:

  • Anambra – N211.92
  • Kogi – N215.00
  • Jigawa – N217.93

Price of Refilling a 12.5kg Cylinder of Cooking Gas Dropped in April – NBS

The National Bureau of Statistics (NBS) says the average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) decreased by -0.96% month-on-month and increased by 3.75% year-on-year to N4,317.55 in April 2021 from N4,161.54 in March 2021.

However, the average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) increased by 0.56% month-on-month and by 5.72% year-on-year to N2,069.21 in April 2021 from N2,057.71 in March 2021.

Cost of refilling 5Kg across states

Further analysis by Brand Spur into the report revealed that states with the highest average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Bauchi (N2,486.40), Borno (N2,393.25) and Adamawa (N2,393.04).

Also, states with the lowest average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Jigawa (N1,800.00), Kaduna (N1,839.29) and Ondo (N1,847.96).

Cost of refilling 12.5Kg across states

According to the report, states with the highest average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Enugu (N4,828.57), Abuja (N4,780.00) and Sokoto (N4,664.75).

Similarly, States with the lowest average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Kaduna (N3,741.14), Zamfara (N3,790.00) and Katsina (N3,848.81).

FCMB Executive Director Acquires Shares Worth N5.8Million

Olufemi Badeji, the Executive Director, First City Monument Bank (FCMB), purchased 2,000,000 ordinary shares of the company.

The management disclosed in a statement signed by Olufunmilayo Adedibu, Company Secretary, FCMB.

Insider dealings give clues on insiders’ sentiment and director unlike before the new transparent policy where shareholders do not know what executives that formulates policy that impacts their desire stocks are doing.

Olufemi Badeji bought 2,000,000 FCMB shares at an average price of N2.94 on 14th, 17th and 18th May 2021 (see below) on the trading floor of the Nigerian Exchange Limited.

FCMB
Olufemi Badeji, the Executive Director, First City Monument Bank (FCMB) | Brand Spur
  • N2.99 – 50,000 Units
  • N2,94 – 20,000 Units
  • N2.91  – 500,000 Units
  • N2.90 – 1,430,000 Units

Brief profile of Olufemi Badeji

Femi Badeji holds a Bachelor of Science degree (Magna Cum Laude) in Electrical Engineering, with a minor in Mathematics from the University of Hartford, and a Master of Science in Electrical Engineering, with specialization in Computer and Communication Networks, from Worcester Polytechnic Institute.

In addition, Mr. Badeji holds a Master of Business Administration degree, with specialization in Finance and Accounting from the Wharton School, University of Pennsylvania.

Mr. Badeji has over 20years working experience in Engineering and Banking gained in the United States of America, South Africa and Nigeria. He was appointed as an Executive Director of FCMB Group Plc in October 2019.

FCMB Reports 31.1% Rise in Profit to ₦19.6B in 2020, Proposes 15K Final Dividend

  • Gross revenue of ₦199.4 billion for the twelve months ended December 2020, was a 10% growth from ₦181.3 billion for the same period the prior year.
  • Profit after tax (PAT) of ₦19.6 billion, for the full-year 2020, rose 13% Year-on-Year.

FCMB Introduces Paperless and Cardless Transactions at Branches, ATMs and POS Terminals Brandspurng

The Board of Directors recommended a cash dividend of 15 kobo per issued and paid-up ordinary share for the year ended 31 December 2020 (2019:14kobo). This is subject to approval at the Annual General Meeting.

Nestlé S.A Acquires Additional Shares of its Nigerian subsidiary worth N79.96million

Nestlé S.A, has acquired 57,115 additional shares in its Nigerian subsidiary, Nestlé Nigeria Plc worth N79,961,000.00.

Brand Spur Nigeria gathered that the acquisition was undertaken on May 7 in three transactions as shown below.

  • 1,500 Shares – #1,400 per share
  • 30,490 Shares – #1,400 per share
  • 11,625 Shares – #1,400 per share

Aggregate volume and price stood at 57,115 shares and 1,400 respectively.

Previously, the consumer giant acquired more shares in the last year. You can check more detail of shareholding transactions here.

A look at Nestle Nigeria Financials in 2020

Profit before tax fell from N71.124 billion to N60.638 billion, while profit after tax printed at N39.212 billion, compared with N45.683 billion in 2019.

Food segment profit slipped 15.8 per cent to N39.6 billion, while beverage segment profit edged 0.8 per cent lower to N24.8 billion in 2020.

Nestle Nigeria Plc also decided to dip its hands into its retained profit to pay shareholders a higher dividend for the year ended December 31, 2020.

Sovereign Trust Insurance Reports 43% Rise in Profit to N392M in Q1 2020

Lagos May 17, 2021 – Sovereign Trust Insurance Plc has continued to show a consistent rise in its profitability after it posted another significant first-quarter result for 2021.

The First quarter performance shows that the Underwriting Firm is very much on course with meeting the aspirations of her various Stakeholders in the days ahead.

The total Gross premium is written grew from N3.6b in the first quarter of 2020 to N5.3b representing an increase of N1.7b and a growth rate of 46% in the current financial year. in like manner, the net premium income grew from N1.6b in the first quarter of 2020 to N1.9b in the same period of 2021 amounting to a growth rate of 18%.

Sovereign Trust Insurance

A very significant leap was also recorded in the Profit Before Tax of Sovereign Trust Insurance from N306m in the first quarter of 2020 to N510m in the corresponding period of 2021, with a 66% growth rate while Profit After Tax grew by 43% from N274m in the first quarter of 2020 to N392m in the first quarter of 2021.

Understandably, as the Underwriting Firm grew the portfolio of its business, it also recorded a slight increase in the claims payout in the first quarter of 2021 has paid a total sum of N1.2b compared to the sum of N1b that was paid as claims in the corresponding period of 2020, representing a 17% increase in claims payout.

This also underscores Sovereign Trust Insurance’s commitment to settling genuine claims as and when due. Net Claims expense in the first quarter of 2021 grew by 8% to N965m compared to the net claims expense of N896m in the first quarter of 2020.

The total equity of the Company in the first quarter of 2021 also grew by 12% from N8b in the corresponding period of 2020 to N9b in Q1 of 2021 while the Total Assets also increased from N13.4b in the first quarter of 2020 to N14b in the corresponding period of 2021 with a marginal growth rate of 5%.

Earnings per share rose from 3.29 kobo in the first quarter of 2020 to 3.45kobo in the first quarter of 2021 while net assets also increased from 71kobo in Q1 2020 to 79kobo in the corresponding period of 2021.

FGN Bond Auction Results Show Weak Appetite For Bonds As DMO Fails To Raise Target Cash Amount

The FGN bonds market held its breath in today’s session as traders anticipated the FGN Bond primary market auction results. Yields across the benchmark curve remained mostly unchanged from the previous day, with improved offers at the long–end of the curve, as sentiments for a bearish auction result amplified throughout the trading session.

Investors took some bets on the outcome of the auction, with the 2045s and 2050s changing hands at 14.00% for most of the session, while the 2049s was offered at 14.10% but with little demand there. Consequently, yields expanded by an average of c.3bps across the benchmark curve.

At the bond auction, the DMO raised a total of c.N175.24bn (130% of the total offered amount) across the three tenors offered with a total bid-to-cover ratio of 1.88X.

Demand for higher rates from investors saw the DMO shifting most of its sale to the long-end (2049s paper), raising a total of N181Bn cash value (25% short of its monthly target of N240Bn cash for the quarter). The DMO raised stop rates by c.62bps on the average, as rates closed at 13.10%, 14.00% and 14.20% for the 7-, 15-, and 30-year papers respectively.

Following the bearish sentiment from the auction results, we expect bids in the market to pull up to match the auction levels. With a hypothetical floor at 14.00% for the long-end of the curve, and most of the outstanding demand met at the auction, we expect the market to remain in negative territory even as investors continue to sit on the sidelines and short-term liquidity needs pressure banks’ positions. 

Treasury Bills

On the other hand, we saw improved activity in the T-bills space as demand for longer-dated NTBs sustained from the previous day’s session. The April 2022 papers changed hands at mid-8% levels while Feb. 2022 OMO papers traded around 9.30% levels.

We expect trading to continue in similar patterns as investor demand remains focused on NTBs and short-term liquidity funding remains negative for OMOs. We expect the CBN to float an OMO auction tomorrow, keeping in line with the recent trend, despite tight system liquidity levels. 

Money Markets

System liquidity opened the trading session firmly in negative territory, despite OMO maturities of N55Bn credited the previous day.  Local banks remained at the CBN lending window, with a clear preference for overnight funding with the SLF volumes growing by 161% D/D. Open Buy Back (OBB) and Overnight (O/N) rates went higher by 175bps on the average to close at 14.50% and 15.00% respectively at the end of the trade session.

We expect the market to remain tight in the double-digit range as the week moves on, with no other inflows expected to ease tight liquidity levels. 

FX Market

At the IEFX space, we saw an uptick in supply of the greenback, as traded volumes increased by 123.00% D/D (c.$131mio traded). The Naira appreciated by N0.21k in that space as most banks remained bid between N360.00 and N426.00 to the dollar.

The Naira remained relatively stable at the parallel market, with the transfer rates swinging around the N500/$ mark in trading as demand remains persistent. The cash rate appreciated by 0.10% D/D (c.N0.50k loss) to close at N480.50/$. 

Eurobonds

The market continued to react negatively to news of the Nigerian government making moves to tap the Eurobond market this year, following President Muhammadu Buhari’s request for approval for a $6.2Bn external financing of the 2021 budget deficit from lawmakers. The NIGERIA Sovereign tickers weakened for a second consecutive session, as yields expanded further by c.3bps D/D on the average across the sovereign curve.

The NIGERIA Corporates papers, on the other hand, continued to rally as demand from local and offshore players persisted for another consecutive session on most tracked papers. The ZENITH 2022s and UBANL 2022s led the gainer’s charts as yields on both papers dropped by 13bps and 12bps respectively.