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LG To Shut Down Mobile Phone Business, Focus On Other Sectors

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LG To Shut Down Mobile Phone Business, Focus On Other Sectors

The South Korean electronics manufacturer, LG is closing its loss-making mobile phone business, after failing to find a buyer.

A move that is set to make it the first major smartphone brand to completely withdraw from the market

The board of directors approved the move on Monday, LG Electronics said in a statement released in Seoul.

READ ALSO: Lee Kun-Hee, the force behind Samsung’s rise, dies at 78

The shutdown of LG’s mobile phone sector is expected to be completed by the end of July.

“LG’s strategic decision to exit the incredibly competitive mobile phone sector will enable the company to focus resources in growth areas such as electric vehicle components, connected devices, smart homes, robotics, and artificial intelligence.

“It will also focus on business-to-business solutions as well as platforms and services,’’ the statement added.

LG wants to “continue to leverage its mobile expertise and develop mobility-related technologies such as 6G to help further strengthen competitiveness in other business areas’’.

Core technologies developed during the two decades of LG’s mobile business operations are to be retained and applied to existing and future products, the company said.

LG’s withdrawal from the smartphone business had been on the horizon for some time.

The division has shown an operating loss for years.

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Interswitch Commences Sale of 2021 JAMB ePINs

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Interswitch Commences Sale of 2021 JAMB ePINs

Interswitch Group, Africa’s leading technology-driven company focused on the digitization of payments in Africa has announced the opening of its platform for the 2021 Unified Tertiary Matriculation Examination (UTME) registrations.

Parents and guardians of prospective candidates intending to register for the 2021 Unified Tertiary Matriculation Examination (UTME) can now obtain their ePINs from enabled Interswitch platforms such as Quickteller Mobile App/Web, Quickteller Paypoint (Agents), via payment with Interswitch WebPAY on JAMB’s website and through payment using Interswitch Paydirect at any bank branch nationwide from Thursday, April 8, 2021.

READ ALSO: UTME: JAMB To Prosecute Offenders Of Admissions Process

The Interswitch platforms simplifies the registration process and eliminates the cumbersome JAMB registration process faced by many candidates nationwide. Registration for the exam (UTME) will last for six weeks and end on Saturday, May 15, 2021. Candidates are advised to optimize this registration period.

For a seamless registration process, prospective candidates including those registering from foreign countries should follow these easy steps:

1. Candidates should obtain the National Identification Number (NIN), this is mandatory

2. SMS ‘NIN’, space, & your 11-digit NIN number to 55019 e.g [NIN 00123456789]. Note that there should be a space between the word ‘NIN’ and your 11-digit NIN.

3. You’ll receive an SMS with your 10-digit profile code and your registered NIN name.

4. Visit JAMB website, click purchase of 2021 application document, and enter your 10-digit

5. Select ‘Pay Online’ to pay on the website via Interswitch or pay via the Quickteller website/app or at the nearest Quickteller Paypoint outlet.

6. Your ePIN will be delivered to your registered telephone number.

READ ALSO: UTME: Beware Of Fraudsters, Rumour-Mongers, JAMB Warns Public

The cost of registration is N3,500 as directed by Federal Government since 2018. However, each candidate will also pay an additional N500 for reading text to be provided by CBT Centres at the point of registration. Consequently, every prospective candidate will pay a total of N4,000.

According to Tomi Ogunlesi, Group Head, Corporate Marketing, “At Interswitch, as the leading enabler of electronic transaction solutions in Nigeria, we have provided a variety of payment platforms that are reliable, user-friendly and secure, to ensure JAMB’s UTME registration process is seamless for prospective candidates”.

“Since our accreditation by JAMB in 2017, Interswitch has successfully enabled a seamless registration process for UTME candidates. Our services are available online, across more than 18,000 ATMs, at all bank branches nationwide and through over 32,000 Quickteller Paypoint Agents across Nigeria” Ogunlesi added.

 

 

About Interswitch

Interswitch is a leading technology-driven company focused on the digitization of payments in Nigeria and other countries in Africa. Founded in 2002, Interswitch disrupted the traditional cash-based payments value chain in Nigeria by supporting the introduction of electronic payments processing and switching services.

Today, Interswitch is a leading player with critical mass in Nigeria’s developing financial ecosystem and is active across the payments value chain, providing a full suite of omni-channel payment solutions. Interswitch’s vision is to make payments a seamless part of everyday life in Africa, and its mission is to create transaction solutions that enable individuals and communities to prosper across Africa. Interswitch’s broad network and robust payments platform have been instrumental to the development of the Nigerian payments ecosystem and provide Interswitch with the infrastructure to expand across Africa.

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Nigerians React As Twitter Goes To Ghana

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Nigerians React As Twitter Goes To Ghana

Yesterday (Monday, April 13, 2021), Twitter’s Founder, Jack Dorsey announced that the micro-blogging site will be headquartered in Ghana.

“Twitter is now present on the continent. Thank you Ghana and @NAkufoAddo. #TwitterGhana,” Dorsey tweeted.

The announcement has since set Twittersphere abuzz, as Nigerians took to Twitter to register their opinions.

While some Nigerians blamed the choice on policies said to negatively affect the ease of doing business in Nigeria, others claimed the government’s clampdown on protesters during the #EndSARS protests contributed to Twitter’s decision to choose Ghana.

“Maybe Jack couldn’t get SIM card,” Nimueh Anacksunamun, tweeted.

See other reactions below:

Meanwhile, Nana Akufo-Addo, Ghanian president, has welcomed the development.

“The choice of Ghana as HQ for Twitter’s Africa operations is EXCELLENT news. Gov’t and Ghanaians welcome very much this announcement and the confidence reposed in our country,” the president tweeted in reply to Dorsey’s tweet.

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Lexus To Produce At Least 10 Electric Vehicles By 2025

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Lexus To Produce At Least 10 Electric Vehicles By 2025
LF-Z Electrified

Lexus set to produce 20 new brands of vehicles by the year 2025, with the executives rumoring more than half to be all-electric or electrified hybrid models.

The Luxury Vehicle is a division of the Japanese automobile Toyota brand.

Lexus vehicles are marketed in over 70 countries globally.

READ ALSO: Dangote Sugar Denies Involvement in Price-Fixing, Asserts its Strong Participation in the NSMP

The Toyota Motors-owned luxury brand unveiled a new concept car on Tuesday called the LF-Z Electrified.

 

 

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