Good morning, it’s the first Saturday in Monday, what are you doing today? President Buhari is expected to return tomorrow 5th of May. Did you miss the president?
Before we begin today we have a special announcement to make 😊
No, it’s not the Avengers or Game of Thrones…😉
Now you can easily refer people to sign up by sharing the link to our website Cloout.co
Suppose you’re downloading a two-hour long movie on Netflix, with 3G connectivity, it could take about 2 hrs. 4G / LTE /VoLTE could take 5-10 minutes, and using 5G connectivity, it would take less than 5 seconds to download a 2-hour long movie from Netflix.
Now, that’s next phase of wireless connectivity, and it appears Huawei is leading the 5G race.
Wow. How fast would 5G be?
5G is expected to download data 20 times faster than 4G, and some experts argue it could even be much faster. We might be looking at having a 5-10 GB per second download speed, with 1 GB per second becoming the norm. Geez!
Okay, tell me about Huawei?
Pronounced Who-Wa-Way, Huawei is a Chinese multinational, and is the world’s largest supplier of telecommunications equipment, and the second-largest manufacturer of smartphones. In Q1 of 2019, they shipped 59.1 million mobile phones, that’s more than every other smartphone maker except Samsung (71.9 million).
Looking good, but…
Huawei is a Chinese company that operates in a national economy where the lines between the government and major private enterprises is fuzzy.
According to Axios, It is accused of:
Is this true?
Huawei denies any of the above allegations, and others seem to think so as well.
“There’s no evidence at all that Huawei has put anything inappropriately in its equipment,” said Entwistle. “If they did and it was discovered, it would be game over for them.”
Why is this an issue?
Huawei already has contracts to install its 5G equipment, which is most likely cheaper than its rivals, in dozens of countries.
So what’s the U.S doing about this?
According to Bloomberg, The U.S. is warning countries not to include equipment from Huawei or other Chinese suppliers in any parts of their telecommunications network because there’s no way to fully eradicate cybersecurity risks.
What are other countries doing?
While some countries are clear on their stance on the issue, the UK and Germany, two closest allies of America, haven’t outrightly rejected Huawei in hopes of what they stand to gain and are also trying to preserve their relationships with the U.S.
Having gone halfway through the world’s largest election, India’s election commission saysit has seized more than $474 million worth of drugs, alcohol, cash and gold that politicians intended to distribute to voters.
In the words of Milan Vaishnav of the Carnegie Endowment:
“One of the biggest expenses candidates incur is the distribution of cash, liquor, and other inducements on the eve of polling. This practice of ‘gift-giving’ does not necessarily guarantee victory, but it signals a candidate’s largesse and is widely accepted as the cost of doing business in Indian elections.”
Why this matters
Vote buying happens in ̶e̶v̶e̶r̶y̶ many countries in the world, this seizure reveals that India is part of the many. With over two weeks still to go in the elections, the value of the seizures is already 2.5 times higher than the total from 2014.
Final results are expected to be announced on May 23. However, Prime Minister Narendra Modi is seeking another term.
| This kind of money ̶s̶t̶o̶p̶s̶ is nonsense |
What going on here?
The Central Bank of Nigeria (CBN) has issued a clean note policy because they recognised that a large portion of the N7.9 trillion naira notes in circulation is dirty, mutilated, and unfit for ATMs (Automated Teller Machines). According to clean note policy, no stapling, writing and excessive folding are to be done on the currency notes.
So what should we do?
Take good care of the naira notes you have or receive. Also, return your dirty/unfit notes to your banks. CBN says it’s okay to report any commercial bank rejecting dirty, defaced or mutilated naira notes.
And if we don’t?
In the clean note policy, there is also the provision that any abuse of naira will be liable to a fine of N50,000 or six months imprisonment, or both, under the CBN Act.
How would this be implemented?
We do not know yet.
What happened in the first Quarter of 2019?
At every quarter of the year, companies listed on the Stock exchange are mandated to release their financial statements to the public for the sake of transparency because any member of the public can invest in these companies. Here’s how a few companies performed as of 31st March 2019, compared to 31st March 2018.
According to Nairametrics:
Vitafoam: Revenue was up by 20.5% to N12.9 billion. Profit after tax increased by 150% to N774 million.
Cadbury: Revenue went up by 13% to N9.2 billion in Q1 2019. Profit before tax jumped to N723 million. Profit after tax jumped by 2201% to N506 million.
Guinness Nigeria: Revenue fell minutely to N101 billion. Profit after tax also declined by 16% to N4.2 billion.
Nigerian Breweries: Revenue was up by 3.2% to N91.3 billion Profit after tax fell by 22% to N8 billion.
Fidelity Bank: Revenue was up by 11.7% to N48.4 billion. Profit after tax rose by 28.2% to N5.9 billion.
What’s driving these numbers?
It’s not clear because everyone seems to be concealing information.
What should you do with this information?
Profitability and growth over a reasonable period of time are important factors in deciding which company to partner with or invest in. Stay Woke!
Google is owned by Alphabet. It generated a revenue of $36.4 billion during the first quarter of 2019, compared to $31.1 billion in 2018. However, the company’s net income for the quarter was $6.7 billion, compared to $9.4 billion a year ago.
Tell me more
Alphabet’s net earnings included a one-time $1.7 billion fine issued by the European Union for anti-competitive advertising practices. This is the third of such fine the company has to pay to European regulators.
Also, the advertising industry is currently experiencing a shift as companies are leaving traditional agencies for social media.
Big Picture: It’s evident that Google is losing market share in digital advertising to other internet giants, namely Facebook and Amazon.
Last quarter, Spotify added 17 million subscribers out of which 4 million were paying subscribers – more than the 3.3 million anticipated and enough to reach a total of 100 million. It’s the first audio streaming service to reach that stellar number. 🎉
What’s driving the growth?
Asides the fact the Spotify is ridiculously good, Spotify’s been snapping up major podcast companies recently as it reckons that over 20% of its content will eventually be non-music audio.
Anything else should I know?
Spotify had disappointing ad-supported revenue last quarter: it dwindled by 28% compared to the quarter prior, possibly thanks to tough competition driving down the price of advertising slots.
While economists forecasted the US economy would grow by 2% in the first quarter, the US economy grew by 3.2%.
Hmm, tell me more
However, the quarter wasn’t a smooth ride as it began on a bumpy note, beginning with the government shutdown – at a point, analysts thought the economy wouldn’t grow at all.
Please, what’s Government shutdown?
A government shutdown is when non-essential discretionary federal programs close. It occurs when Congress fails to appropriate funds.
Seem like a big deal but continue
Also, there is the ongoing trade war with China, which began in June 2018 with US President Donald Trump slapping tariffs on $50 billion worth of imports from China, saying China’s economic policies resulted in the loss of American jobs.
In retaliation for taxes on its exports, China cut the importation of US products.
Why does this matter?
This growth might not be sustained if the trade war with China isn’t resolved.
The Electricity Generation Companies says Nigeria is losing $29.3b annually due to erratic power supply.
People aren’t paying for electricity as only about 25% of the expected revenue is received. Since Nigerians are not willing to pay because the supply isn’t constant, this is crippling the system – low supply resulting from load shedding and inadequate facilities.
Huh, What’s load shedding?
The deliberate shutdown of electric power in a part or parts of a power distribution system, generally to prevent the failure of the entire system when the demand is too much for the capacity of the system.
Would we ever hear anything positive about Nigeria?
Maybe, but not today.
Here’s how electricity works in Nigeria
It’s called the “power value chain.” The electricity supply chain is a complex process which requires every part of the value chain to work properly at all times. Any break in the chain distorts the entire process.
Energy flows from the fuel (gas or water) supplier via the fuel transporter (Nigerian Gas Processing and Transportation Company), to the power generator (GenCos), to the power transmitter (Transmission Company of Nigeria), to the power distributor (DisCos) and then to our homes or commercial enterprises.
Phew! That’s a long journey 😓
Why does this matter?
For power the sector to work, all hands have to be on deck. Funds are needed to purchase adequate equipment and maintain the system but how do users pay for power that isn’t constant or available?
Someone has to be generous and consistent first for this relationship to work.
This ‘simple’ piece of artwork was sold for $112,575 on Thursday in New York.
What? I could draw this too or something close
Yeah right, we bet you could but could you spend 18 years behind those bars too?
Huh, I’m lost here 😕
Former South African president, Nelson Mandela drew this door of his prison cell on Robben Island, where he was held for 18 years.
Moral lesson: Start drawing the door of your house, it might be worth something tomorrow.
Have a great week ahead, we’d leave you with the words of a great artist.
“And as we let our own light shine, we unconsciously give other people permission to do the same”