Bus Journey Within City Increased By 3.36% MoM to N229.94 in June 2020 – NBS

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Bus Journey Within City Increased By 3.36% MoM to N229.94 in June 2020 – NBS

The average fare paid by commuters for bus journey within the city increased by 3.36% month-on-month and by 25.76% year-on-year to N229.94 in June 2020 from N222.46 in May 2020.

The bureau, in its transport fare watch report for June, said states with highest bus journey fare within city were Zamfara (N487.00), Abuja FCT (N340.00) and Cross River (N326.00) while States with lowest bus journey fare within city were Bauchi (N134.00), Kebbi (N153.00) and Rivers (N162.00).

National Bureau of Statistics (NBS) disclosed this in its Transport Fare Watch report for June 2019, adding that the fare also rose by 8.26 per cent year-on-year (YoY), in spite of the YoY decline in the price of petrol during the period.

The Transport fare watch report for June 2020 covers the following categories namely bus journey within the city per drop constant route; bus journey intercity, state route, the charge per person; airfare charge for specified routes single journey; journey by motorcycle (Okada) per drop; and waterway passenger transport.

“Average fare paid by commuters for bus journey intercity increased by 1.11% month-on-month and by 13.49% year-on-year to N1,823.62 in June 2020 from N1,803.59 in May 2020.”

“Average fare paid by air passengers for specified routes single journey was flat month-on-month and increased by 0.92% year-on-year to N30,743.65 in June 2020 from N30,743.65 in May 2020.”

“Average fare paid by commuters for journey by motorcycle per drop increased by 3.96% month-on-month and by 35.16% year-on-year to N158.14 in June 2020 from N152.11 in May 2020.” 

“Average fare paid by passengers for water way passenger transport increased by 2.43% month-on-month and by 14.18% year-on-year to N626.81 in June 2020 from N611.92 in May 2020.”

It added that states with highest bus journey fare intercity were Abuja FCT (N4,168.00), Adamawa (N2,675.00) and Borno (N2,647.00) while States with lowest bus journey fare within city were Enugu (N1,180.00), Bauchi (N1,223.00) and Edo (N1,235.00).

According to NBS, states with highest air fare were Jigawa (N35,400.00), Rivers (N35,000.00), Abuja FCT (N34,000.00) while States with the lowest airfare were Sokoto (N22,500.00), Katsina (N25,000.00), and Kano (N25,500.00).

The report, however, noted that states with highest journey fare by motorcycle per drop were Rivers (N264.00), Kogi (N260.00) and Lagos (N248.00) while states with lowest journey fare by motorcycle per drop were Adamawa (N75.00), Katsina (N79.00) and Kebbi (N86.00).

“States with the highest fare by waterway passenger transport were Delta (N1,975.00), Bayelsa (N1,943.00) and Rivers (N1,879.00) while states with the lowest fare by waterway passenger transport were Borno (N139.00), Gombe (N196.00) and Abuja FCT (N250.00).”

DKT launches the first in-home ORAL HIV SELF-TEST KIT: A major breakthrough in HIV testing

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DKT launches the first in-home ORAL HIV SELF-TEST KIT: A major breakthrough in HIV testing

DKT is one of the largest private providers of family planning and reproductive health products and services, providing couples with affordable and safe options for family planning and HIV/AIDS prevention, so they can live empowered lives free from the fear of unwanted pregnancy or sexually transmitted diseases.

As the world continues to grapple with the HIV epidemic, DKT launches a major breakthrough in HIV testing amid COVID-19 pandemic.

The first in-home ORAL HIV SELF-TEST KIT – “OraQuick”.

OraQuick detects antibodies to both HIV-1 and HIV-2 with an oral swab, providing a confidential in-home testing option with results in as little as 20 minutes. It is the first in-home ORAL HIV SELF-TEST to be approved by WHO, NAFDAC, FMOH and US-FDA.

For the first time ever, individuals will have access to an in-home oral test that will empower them to learn their HIV status in the comfort and privacy of their homes. This new in-home rapid test will help individuals at risk for HIV who may not want to test in a clinical setting especially in COVID-19 pandemic times.

OraQuick Oral HIV Self-Test is 99% accurate, very easy to use (just swipe your gum), delivers result in 20 minutes, and it is seen only by you (thus providing confidentiality and preventing HIV-related stigma).

The Oral HIV Self-Test Kit is available in pharmacies and online stores.

More countries show a rebound in consumer sentiment than a drop

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More countries show a rebound in consumer sentiment than a drop

At 40.9, the Global Consumer Confidence Index for July is up 0.9 points from last month. The past month’s increase is the first positive global growth since January 2020. Last month’s data suggested that, at a global level, consumer confidence appeared to be bottoming out; the incremental progress observed this month confirms this pattern.

However, the index is currently 7.8 points below its pre-pandemic level of January and almost three points lower than at any time since its creation in March 2010.

The Global Consumer Confidence Index is the average of each of the 24 world markets’ National Indices. It is based on a monthly survey of more than 17,500 adults under the age of 75 across 24 countries, conducted on Ipsos’ Global Advisor online platform.

Between June and July, Argentina (-2.6) and Saudi Arabia (-1.5) are the only countries to show a significant drop in their National Index. This is in stark contrast to last month when 12 of the 24 countries showed a drop of at least 1.5 points.

This month, nine of the 24 countries show a growth of 1.5 points or more in thein National index, including Australia* (+3.0), Canada (+2.7), Poland (+2.4) Sweden (+2.4), China (+2.3), Russia (+1.9), Belgium (+1.8), Italy (+1.8), and Germany (+1.7).

Furthermore, the Expectations Index, reflective of consumers’ outlook on their local economy, financial situation and employment, shows an uptick over last month (+2.5) to 51.5.

It is up significantly in 18 of 24 countries and only down significantly in Argentina (-1.6). Similarly to the National index, this is the first positive growth seen since January 2020.

*Note: the July data was collected before the state of Victoria in Australia went back into lockdown due to a new spike of coronavirus.

National Index Trends

Compared to January, every single country’s National Index is down with the sole exception of China (+0.1). The National Index is down by more than 10 points in five countries (Brazil, India, the United States, Mexico, and Israel) and by five to 10 points in 15 other countries.

  • While 11 of the 24 countries surveyed had a National Index higher than 50 back in January, this is now the case in only two countries: China (69.7) and Saudi Arabia (59.0).
  • At the other end of the spectrum, seven countries now have a National Index below 35, as compared to just one (Turkey) in January: Argentina (34.9), Mexico (33.6), Spain (33.2), Japan (32.9), Russia (31.9), South Africa (30.5), and Turkey (30.3)

Jobs, Expectations, and Investment Index Trends

At a global level, while the Expectations Index is up significantly compared to last month, the Jobs Index and the Investment Index remained relatively flat from last month, increasing by only 0.3 and 0.6 points respectively.

  • The Jobs Index (46.7), indicative of confidence in job security and the employment outlook, is showing six countries with significant gains this month (compared to none last month) and is down by more than 1.5 points in only five countries (compared to 14 last month). It is flat in the majority of countries (13).
  • The Investment Index (34.5), indicative of the investment climate, is up significantly in seven countries: China (+2.7), Australia (+2.6), Belgium (+2.5), Russia (+2.4), Poland (+2.2), Canada (+2,1), and Germany (+1.5), while it is significantly down in only three countries: Argentina (-2.7), Saudi Arabia (-1.9), and Hungary (-1.7). Last month there were 15 countries with significant drops.

Unilever Nigeria Plc announces 40% decrease in revenue for Q2 2020

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Unilever Nigeria Plc announces 40% decrease in revenue for Q2 2020

Unilever Nigeria Plc announced a 40% drop in revenue last quarter – totalling ₦14 billion, compared with ₦23 billion in Q2 2019. The decrease in revenue was due to a reduction in sales generated from Unilever’s two major categories of products—food products and home & personal care.

This was announced at the 95th Annual General Meeting of the Company, which was held by proxy due to the movement and social restrictions imposed by the Coronavirus pandemic.  

Highlights

  • Revenue declined by -35.9% to N27bn from N43bn in the previous quarter.
  • Loss before tax stood at N567m.
  • Loss after tax stood at N519m.
  • Net Assets declined by -0.8% from N66bn to N66.5bn.

The company also reported a 3333% increase in impairment loss on trade receivables – a theme seen across many businesses this year.

According to the Chairman of the Board, His Royal Majesty, Nnaemeka Achebe, 

“Although we are not declaring dividend for FY 2019, we are optimistic because our results show that we made progress in some other critical areas of our operations which speaks to the fact that we are on the right path to growing our business for profitability and better returns on investment for our shareholders.

“Therefore, the task before the Board and Management is to drive our strategic objectives that would not only keep the business afloat but also ensure it operates efficiently,” Achebe said.  

The popular consumer brand is behind several popular products like Close-Up toothpaste, Pepsodent toothpaste, LUX beauty soap, Lifebuoy soap, Rexona, Vaseline lotion and Vaseline Petroleum Jelly, OMO Multi-Active Detergent, Sunlight washing powder, Sunlight washing bar soap and Sunlight Dishwashing liquid, Pears Baby Product ranges among others. 

Food products segment include Lipton Yellow Label Tea, Knorr bouillon cubes in the Foods Unit, Royco bouillon cubes, etc. 

The company had, in 2018, sold off its Spreads business which includes the household name brand Blue band Margarine. 

Capital Inflow in H2-2020: Q1-2020, as good as it gets for 2020

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Capital Inflow in H2-2020: Q1-2020, as good as it gets for 2020

According to the capital importation data for Q1-2020 published by the NBS, the total capital imported into the Nigerian economy declined by 31.2% y/y to $5.85bn in Q1-2020.

The breakdown of the data revealed that inflows from portfolio investments continued to dominate the gross investment inflows (accounting for 73.6%) followed by other investment (22.7%) and foreign direct investment (3.7%).

Notably, the reduction in foreign inflows was largely driven by a 39.4% y/y decline in inflows from FPIs owing to lower inflows to bonds (-59.2% y/y), money market (-41.6% y/y) and equity instruments (-2.5% y/y).

In our view, the decline in portfolio investment was due to investors risk-off sentiment which was sparked by the outbreak of COVID-19, plunge in crude oil prices and fears as well as the eventual devaluation of the naira in March-2020.

We note that the underwhelming nature of FDI inflows continues to reflect the inability of the country to attract the much-needed capital amid long-term uncertainties.

Looking ahead, we believe that the current issues around FX illiquidity, fears of a further naira devaluation, the low-interest-rate environment in the OMO market, are likely to discourage large-sized FPI and FDI inflows for the rest of the year.

Accordingly, we expect the overall capital imported in 2020 to underperform that of 2019.

United Capital Plc Research

BBNaija 2020: Five things to expect from Betway as the new season unfolds

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BBNaija 2020: Five things to expect from Betway as the new season unfolds

Nigeria’s leading gaming and entertainment brand, Betway has been announced as the headline sponsor of the new season of BBNaija, and we are already looking forward to seeing all of the amazing things they will be coming up with.

The fifth season of the show premiered yesterday and the next ten weeks are already looking exciting! With Betway as the headline sponsor of BBNaija, you can expect all sorts of awesomeness as the show progresses.

1. Fun Betway Arena Games

The BBNaija arena games are a major highlight of the show. The games test the housemates physically and mentally, through games of chance, sports, and military-style drills. As headline sponsor of the BBNaija show, Betway will be organising the arena games this year and we already know it’s going to be fire!

2. Hilarious bants from Ebuka and Don Jazzy

BBNaija’s host, Ebuka Obi-Uchendu, and popular music producer, Don Jazzy have been announced as Betway’s BBNaija ambassadors for this new season.

Between Ebuka’s sarcastic wit and Don Jazzy’s hilarious commentary, you can be sure to enjoy some mad BBNaija banter on the TL as the show progresses.

3. Mind-blowing giveaways

We know that BBNaija is a ‘winner takes all’ kind of show, but this year, Betway wants to ensure that everyone gets a slice of the cake.

Watch out for some mind-blowing giveaways and promos where BBNaija viewers will get to win sweeeeeet cash prizes, brand new kitchen appliances, and so much more!

We also mentioned Don Jazzy is on the Betway x BBNaija train, and you know that his middle name is ‘giveaway’, so you can expect some more freebies from that corner.

4. The Betway Wallet

It’s a new season of BBNaija, and that means we also get to see the housemates use a new currency.

This year, the housemates will be buying special privileges in the house with the BBNaira. Instead of locking their coins away and hoping it doesn’t get stolen, BBNaija has introduced the Betway Wallet to the show.

The Betway Wallet is an electronic wallet that stores the housemates’ BBNaira. The screens around the house display the BBNaira balance of each housemate, and will automatically be updated when housemates use or gain money.

5. Betway Swag

We can already see the new housemates rocking tastefully designed hoodies and sweaters. We only wish we’d get some!

With the new housemates and new additions to the show, it’s already clear that we can expect an amazing BBNaija season five. Don’t miss out on the action.

For more information on the various promotions and activations Betway will be running throughout the fifth season of BBNaija, please visit www.betway.com.ng. You can also follow Betway via their social media platforms on Facebook at www.facebook.com/BetwayNigeria/ or on Twitter at @BetwayNigeria.

New Amber Energy Drink Excites Lagos Commuters with Free Bus Ride (Photos)

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New Amber Energy Drink Excites Lagos Commuters with Free Bus Ride (Photos)

Transportation within the Lagos metropolis just became more exciting as Amber Energy Drink launches its “RIDE WITH AMBER” campaign which will run from July to September 2020 at selected BRT and local bus terminals.

In a bid to cushion the adverse economic effect of the Corona Virus pandemic, Lagos commuters can now enjoy FREE BRT and regular buses during the Happy hour drive time (4 pm – 6 pm) at designated terminals courtesy Amber Drinks Ltd, the brand owners of the black, slim, sleek, and refreshing energy drink with Guarana (natural caffeine) and essential vitamins.

For 3 months, the RIDE WITH AMBER campaign promises a cheaper way to commute while stimulating the energy in you to fight fatigue, improve concentration and keep you energized all day long.

All you have to do is buy a can of Amber Energy Drink at the following selected BRT and local bus terminals and get a ride FREE! They can give you free entrance into the BRT and regular buses.

Designated terminals are listed in the table below;

The RIDE WITH AMBER campaign is one of the several empowerments and community building initiatives being rolled out by the Amber Drinks Limited who just introduced their flagship product; Amber Energy Drink into the Nigerian market on the 1st of June,2020.

Amber Energy drink is a premium non-alcoholic drink fortified with a potent herbal blend of Guarana – natural caffeine and amino acids to keep you energized and alert all day.

It is formulated to provide an incredible energy boost for those who lead active and exhausting lifestyles; especially sports, entertainment and games.

Speaking on the initiative, the General Manager of Amber Energy Drink Ltd, Ms. Lola Adedeji said, “For us at Amber Energy Drinks Ltd, we have done everything possible, even what other companies cannot do to satisfy and meet our consumers’ needs and demands”. Her words, “We have taken our time not just to study the market but also who our consumers are and what they will need, and have decided that at every step on the way, Amber will meet the needs of its consumers, so, it is so much fun and many wonders are still coming from the Amber Energy world!”.

Corroborating the General Manager’s position, Head of sales and Marketing of Amber Energy drinks Ltd, Mrs. Temitope Adetiba said, “We have embarked on this BRT Bus Ride initiative to make commuting in Lagos metropolis more fun and pleasure while meeting the physical, economic and emotional needs of our teeming consumers”.

The Head of Marketing said since it was launched into the market a few weeks ago, “Amber’s cardinal marketing objective is to always win with its consumers. “We identify the gap in the market, and we lapped on it to make life better, pleasant and nourishing for our consumers”.

Driving the field efforts, Assistant Head of Sales and Marketing, Mr Korede Omole said since the launch of the new energy drink, the market demand has been quite encouraging and inspiring, an indication that the brand owners have struck the right chord at the heart of consumers. “We could not expect less from the appreciative and grateful commuters who now see us and our brand as partners in progress.

Already, the energy drink has injected a new lease of life into the age-old in-store retail marketing tradition in Nigeria amidst pomp and pageantry.

The introduction of the product, a premium brand was hall-marked by glitz, glamour and panache at most of the high-brow shopping malls, chain-stores and top of the table supermarkets in the Lagos state metropolis and suburbs. Amber energy drink is enhanced with a potent herbal blend of Guara, Amino acids and Vitamins.

Guarana is a natural Caffeine used in beverages. It was said to have been added to Amber to ensure that along-side all the vitamins and nutrients packed in the can, consumer stays alert, energized and healthy.

The new energy drink is formulated to provide an incredible energy boost for those who lead active and exhausting lifestyles, top of which is sports, entertainment and games.

Ámber is scientifically formulated to provide an incredible energy boost for those who lead active and exhausting lifestyles ranging from sports to entertainment.

Amber is a non-discriminatory unisex energy drink, the first of its kind, Ms Adedeji disclosed that Amber energy drink “provides a healthy way to stay active and energized all through the day”, pointing out that consumers would surely enjoy the nourishing and fulfilling taste of the slim, sleek and admirable trendy look of the brand in an attractive package and affordable price.

SSIVIX Lab rolls out their MyCLNQ Digital Health Ecosystem app to meet healthcare needs digitally

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SINGAPORE – Media OutReach – 20 July 2020
– SSIVIX Lab has recently launched their healthcare mobile app, MyCLNQ
which provides several key benefits to enhance the quality of life for the
community. The company is focused on the MedTech industry that leverages
devices which people use daily, such as smartphones, to connect all healthcare
needs in one online platform.

Using a built-in smart
Artificial Intelligence (AI) feature, the app provides real time doctor and
clinic availability, offers location-based suggestions for the nearest clinic
and earliest available doctor, and confirms booking appointments. There is also
a host of value care services provided including online
doctor
consultation so users can stay home and receive treatment with prescribed medicine
conveniently delivered to their doorsteps.

The company vision is
enabling digital health ecosystem and serve community. This is also done by
providing users with smart digital choices to request for various healthcare
needs. From medical caregivers to home therapists, users can request in the app
for their preferred qualified professionals at the touch of a button. The app
also provides them with a platform to seek non-emergency private ambulances and book medical transport for their
appointments.

To date, over 300 healthcare
practitioners have signed up for a strategic partnership with SSIVIX Lab to
provide quality healthcare in an efficient and digitised manner. In addition, more
than 15,000 users have benefitted from the app, which can be downloaded in the App Store and Google Play.

Telemedicine is set to be the future of healthcare
to provide better care for patients and increase operational efficiencies, and
the MyCLNQ app is a prime example for that. As such, there is a need to reach
to a wider audience so more users can benefit of having a digital platform that
caters to all their healthcare needs.

Ssivix lab immediate focus mainly
on patient care beyond hospital and clinics through Artificial Intelligence,
IoT and blockchain technology. Company also understand of increasing ageing
population in SEA and primarily Singapore a big concern and therefore company
continuous working on enabling a dedicated care and monitoring system.

Ssivix Lab has regional
expansion plan which include mainly India and SEA countries like Malaysia, Indonesia,
and Thailand in coming years 2021 & 2022.

Specialised in digital
marketing services, Impossible Marketing was chosen to be the digital marketing
agency partner to help SSIVIX Lab gain targeted traffic and quality leads. Established
in 2012, Impossible Marketing offers a variety of lead generation services and
has consistently ranked at the first page of Google search results for
competitive keywords like “SEO Services“.

ASMPT Collaborates with IBM Research on AI Chip Technology

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HONG KONG, CHINA – Media OutReach – 21th July 2020 – With the dawn of the Artificial Intelligence (AI) era upon the world, the usual playbook of continuous shrinking and packing more and more transistors into chipsets will become unsustainable.  New chip architecture, materials and manufacturing processes will be needed, in order to meet the requirements and realize the potential of the AI-enabled world.

 

IBM Research has been at the forefront in the development of AI-optimized hardware and process innovation globally. As a global leader in the Advanced Packaging and Heterogeneous Integration solutions, ASMPT will provide a suite of Integrated Solutions for Heterogeneous Integration (including ALSI Laser Saw/Grooving and state-of-the-art interconnect tools, inclusive of collaboration on next generation hybrid bonding) in support of IBM AI Research.  ASMPT product solutions can help to improve performance, power and cost for next-generation AI chips.

 

Comments from Dr. Mukesh Khare, Vice President, Systems Research at IBM Research.

“The future of AI computing performance depends on the development of hardware that meets the fast-growing demands of emerging AI workloads. We are pleased to work with ASMPT to advance packaging and Heterogeneous Integration solutions for AI hardware research in the IBM Research AI Hardware Center.”

 

Comments from Mr. Lim Choon Khoon, Senior Vice President at ASMPT. 

“The exponential cost of recent silicon scaling has created an inflection point for the industry. It is driving the development of Heterogeneous Integration (HI) to augment step up performance versus comparable Systems on Chip (SoC). This is being achieved through HI’s “open” capability to dis-integrate and re-integrate silicon and chiplets, allowing flexible choices to achieve optimal performance at significantly lower costs.  The timely confluence between IBM’s Heterogeneous Integration roadmap and ASMPT’s advanced packaging technologies and tools makes us natural strategic collaboration partners to tap the massive potential for innovation and better performance in semiconductor solutions.”

 

Finally, ASMPT is both excited and privileged to be among the companies driving the effort of developing the next generation AI chip technology with world renowned industry leaders like IBM.

About ASM Pacific Technology Limited (“ASMPT”)

As a global technology and market leader, ASMPT (HKEX stock code: 0522), develops and provides leading edge solutions in surface mount technology, equipment and materials for the semiconductor assembly and packaging industries. Its surface mount technology solutions are deployed in a wide range of end-user markets including electronics, mobile communications, automotive, industrial and LED. Our continuous investment in research and development help to provide our customers with innovative and cost-efficient solutions and systems that enable them to achieve higher productivity, greater reliability and enhanced quality.

 

Listed on the Hong Kong Stock Exchange since 1989, ASMPT is currently one of the constituent stocks on the Hang Seng Composite MidCap Index under the Hang Seng Composite Size Indexes, the Hang Seng Composite Information Technology Industry Index under Hang Seng Composite Industry Indexes and the Hang Seng Hong Kong 35 Index. To learn more about ASMPT, please visit our website at www.asmpacific.com.

First Page Limited Generates Success for Hong Kong Online Real Estate Platform House730

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House730 experiences consecutive quarters of profound success from First Page’s digital marketing expertise

 

HONG KONG, CHINA – Media OutReach – 20 July 2020 – House730
has experienced significant growth over the past several fiscal quarters thanks
to the partnership with online marketing expertise of First Page. Their skill in Search Engine
Optimization and Google Ads have largely contributed to House730’s recent
success in the housing market of Hong Kong.

House730 is an online real estate platform
that delivers housing sales and rental opportunities. They provide an
easy-to-use platform for their customers to promote and view available property
listings in Hong Kong and Greater Bay Area as well as overseas markets.

Byron Redhead, General Manager of First
Page Limited, recognizes the challenges of succeeding in Hong Kong’s housing
market, “House730 is uniquely positioned as a leader in one of the world’s most
unique housing markets,” says Redhead. “The opportunity to work with them and
support them in their immense growth has been a huge opportunity for both First
Page and House730.”

About First Page

First
Page has been rated as the fastest-growing agency in Hong Kong. As
certified Google, HubSpot and Facebook partners, they set themselves apart from
the competition by delivering guaranteed quality website traffic and what they
call recession-proof digital marketing. First Page’s core values revolve around
the 3C’s: Customers, Company, and Competence. They believe that customers
deserve a company that not only delivers positive results, but also serves them
with integrity, empathy, and flexibility.

About House730

House730
is a comprehensive property platform providing all kinds of property listing
and information. No matter whether you are finding property to buy or rent, you
can easily find the information you need. House730 is also the ideal platform
for both property owners and agents to list their properties and reach their
target customers with ease!


For more information about First Page and why they are
top-rated, visit:

https://www.firstpage.hk/

 

To
learn more about House730, visit:

https://www.house730.com/

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