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Friday, 21 February 2020
Friday, 21 February 2020 20:33

10,000 join climate protest

About 10,000 people, according to police estimate, on Friday joined Swedish climate activist, Greta Thunberg, at a protest in the Northern German city of Hamburg.
 
The participants, who demanded better climate policies, displayed posters and banners with messages such as “We will strike until you take action” and “The earth is on fire.”
 
The event kicked off with a minute of silence for the victims of a deadly shooting spree in the city of Hanau.
 
Yavuz Feroglu of the Kurdish umbrella organization Nav-Dem said everybody was angry about the condition of climate worldwide.
 
Organizers estimated that 25,000 people took part in the protest for Future movement of schoolchildren and students.
 
It came two days before the Hamburg city-state holds an election and was attended by numerous politicians.
 
However, participants were due to march from the Heiligengeistfeld area in the city’s St Pauli District through the city centre.
 
Thunberg was expected to give a speech at the end.
 
Almost exactly a year ago, the young activist took part in a climate strike in Hamburg for the first time. The largest climate strike in Hamburg to date had drawn around 70,000 people in Sept. 2019.
Published in World
Tanzania’s anti-corruption watchdog said on Friday that sacked Home Affairs Minister Kangi Lugola was among 17 key suspects behind the signing of a controversial 408 million Euros deal for the procurement of firefighting and rescue equipment for the Tanzania Fire and Rescue Force.
 
John Mbungo, the Acting Director General of the Prevention and Combating of Corruption Bureau (PCCB), said investigations by the bureau have revealed that at least 17 public servants including Lugola were key suspects.
 
Another senior key suspect according to the investigations was the sacked Commissioner General for the Tanzania Fire and Rescue Force, Thobias Andengenye, Mbungo told a news conference in the commercial capital Dar es Salaam.
 
On Jan. 23, President John Magufuli sacked Lugola and Andengenye for allegedly signing the dubious contract with a Romanian firm to supply equipment for the Tanzania Fire and Rescue Force and ordered PCCB to investigate officials behind the deal.
 
Mbungo said investigations on the deal have been completed by 99.9 percent, adding that a report on the investigations will be submitted to the Director of Public Prosecutions in the next seven days for further appropriate action.
 
He said in the course of the investigations, the alleged Romanian company that was involved in the signing the controversial contract submitted a letter to PCCB requesting cancellation of the contract without compensation because it is aware the deal was invalid.
Published in World
Leading lender, Zenith Bank Plc has recorded an after-tax profit of N208.843 billion for Full Year 2019, thus becoming the second after Stanbic IBTC among Nigeria’s five biggest bank by market value to announce the release of its Full Year financials this year.
 
The full account of Zenith Bank’s financial performance in the review period is detailed in its Annual Report – December 31, 2019, posted on the website of the Nigerian Stock Exchange (NSE) this morning.
 
Gross Earnings inched up from N630.344 billion at FY2018 to N662.251 at FY2019, implying a modest growth of 5.1%
 
Profit Before Tax (PBT) advanced by 5%, moving from N231.685 billion at FY2018 to N243.294 in the corresponding period of last year.
 
Profit After Tax (PAT) responded to the positive trend, climbing to N208.843 billion at FY2019, up from N193.424 billion at the same time the year before. Put differently, Zenith Bank’s bottom-line expanded by 8% in between the periods.
 
Earnings Per Share (EPS) added 8.1%, jumping from N6.15 at FY2018 to N6.65%.
 
Despite the fairly impressive result as a whole, the bank’s shrinking Interest and Similar Income is a concern regardless.
 
This is so given that the bulk of bank’s revenue derives from interest income and, in this case, it shed 5.6% or N24.489 billion in between the periods.
 
Management should consider shoring this up towards delivering better returns to shareholders in future.
 
In view of the generally fair performance, the Zenith Bank board has announced a proposal of N2.50 per share final dividend subject to shareholders’ approval at the next Annual General Meeting (AGM), timed to hold 9th March 2020.
 
It is noteworthy that Zenith had earlier in 2019 paid an interim dividend of N0.30 per share and the new dividend declaration will bring the total dividend payout for the year to N2.80 per share provided the new dividend proposal receives shareholders’ nod.
 
The register of shareholders will be closed on 10th March 2020, preparatory to dividend payment on 23rd March 2020.
 
Investors looking to leverage the dividend payment should make swift effort to take an investment position in the company before this date arrives.
 
With outstanding shares of well over 31.396 billion and a market capitalisation of N609.092 billion as of today, its dividend yield is currently 14.36% according to Bloomberg.
 
Zenith Bank currently trades on the floor of the NSE at N19.50 per share.
 
Earnings Per Share is the profit that each unit of a company’s ordinary shares  yields  during a particular period. It is simply calculated by dividing the Profit After Tax by the company’s total outstanding shares.  Increase in a company’s EPS often reflects an improvement in its bottom-line while a fall, on the other hand, indicates a declining profit.
Published in Bank & Finance

We saw renders of the Huawei P40 Pro with four cameras on the back, a knock against rumors of a penta-camera setup. Today, new renders appear that show both four and five cameras – what’s going on?

The second set of renders come from the reliable @evleaks. What seems to be happening is that Huawei will add three new phones to the flagship P-series instead of the usual two. Apple did it and so did Samsung, so why not Huawei?

Having a closer look reveals something even more interesting – the premiere model (the one with five cameras), dubbed Huawei P40 Pro Premium Edition, has a periscope telephoto lens with 240mm focal length.

Assuming that the main camera has a 24mm lens, that’s 10x optical zoom. Compare that to the four camera model, the Huawei P40 Pro, which has a 125mm periscope lens. That should be 5x optical zoom.

Both versions have an 18mm ultra wide camera. The two additional cameras on the P40 Pro Premium are probably a dedicated macro cam and a 3D ToF sensor. The P40 Pro will have a ToF sensor, according to Teme, another leakster covering the P40 phones.

Huawei P40 Pro Premium Edition

As for the base model, the Huawei P40, we already saw that it will have a 17mm ultra wide and a standard 80mm telephoto lens (so, 3x optical zoom). According to Teme, the Huawei P40 will have a 52MP main camera (1/1.3” sensor), 40MP cine camera (1/1.5” sensor) and an 8MP tele camera.

 

Source 1 (private Twitter account)

Published in Telecoms
Friday, 21 February 2020 09:49

Emirates Has Suspended Flights To Lagos

Dubai-based long haul legend Emirates has suspended all flights to Lagos for the foreseeable future. The airline has said it will not resume flying to the Nigerian destination until the airport improves its Instrument Landing System (ILS). Other airlines have experienced difficulties in landing at the Nigerian airport too, as the nation suffers a prolonged case of the Harmattan haze.
 
Emirates has stopped flying to Lagos temporarily due to issues with the weather. In a statement posted on its website, the airline said,
 
“Due to poor weather and low visibility in Lagos, the following Emirates flights have been cancelled on 17th and 18th February: EK781/EK782: Dubai – Lagos – Dubai EK783/EK784: Dubai – Lagos – Dubai.”
 
Emirates has said that affected passengers in Dubai can still travel to Abuja as an alternative to Lagos. The airline usually operates 14 weekly services between Dubai and Lagos, according to CH-Aviation, but has had a lot of disruption to flight schedules lately.
On the 13th of February, it diverted its service to Accra instead and hooked up with local airline Arik Air to take its passengers onwards to Lagos.
 
Emirates is not alone in experiencing difficulty at Lagos
 
For the past two weeks, numerous airlines have canceled or diverted flights bound for Lagos due to poor visibility at the airport. Delta Air Lines, Lufthansa, Air France and a number of others have all had to divert flights away from Lagos and are reportedly considering suspending services also.
 
British Airways has also canceled Lagos operations. The UK airline usually operates daily services to the Nigerian destination but has cited ‘operational constraints’ as a reason to cancel services. In an email seen by CH-Aviation, it said,
 
“Due to adverse weather at the airport, we were unable to safely land in Lagos. If you wish to travel from Accra – London Heathrow, there are a limited availability of seats to book … Our Customer Relations team will review each case on an individual basis.”
 
What’s the problem with Lagos?
 
The issue at Lagos is a weather phenomenon known as the Harmattan haze. The Harmattan is a season in West Africa that runs from late November to mid-March. It sees a dry and dusty northeasterly trade wind invading the region, bringing with it heavy dust from the Sahara Desert. In some places, this haze can severely limit visibility and block the sun for many days.
 
Landing in poor visibility is not usually an issue, at least if the airport has the right equipment. Using Instrument Landing Systems (ILS) of at least CAT III, pilots can secure enough assistance to land safely, even when the visibility is near to nothing. Lagos Airport was supposed to have ILS CAT III installed some time ago, but some have raised questions over whether it was even bought for the airport.
 
The Nigerian Minister of Information and Culture, Alhaji Lai Mohammed, has insisted to This Day that CAT III ILS has not only been bought for the airport, but also installed. He further said that not only was it in place in both Lagos and Abuja, it was also calibrated. However, he explained that following calibration, some inaccurate readings were noted, specifically on runway 18R, the one used by international flights. He said,
 
“Unfortunately, it was in the process of recalibrating that the weather situation in Lagos changed for the worse, hence the disruption of international flights into Lagos. Some airlines opted to divert their flights to Kotoka airport (CAT II ILS) in Ghana, leaving innocent travelers stranded, when they could have easily diverted to Abuja (CAT III ILS), where flights to Lagos are regular.”
 
However, The Nation claims that, whatever the reason, the ILS Is faulty. It says that the Visual Glide Slope Indicator (VGSI), a ground device that uses lights to assist pilots in landing, is not working properly. According to the publication, the Nigerian Minister of Aviation Hadi Sirika admitted that some components of the ILS were faulty.
 
CAT III ILS allows airlines to land even in zero visibility. CAT II, on the other hand, requires a minimum of 800m of visibility in order for aircraft to land. The weather phenomenon is expected to continue into March, making it difficult if not impossible for large aircraft to land until the ILS system is fixed.
Published in Travel & Tourism
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