News
LG Expresses Desire to Promoting Smarter Technology, Consumer Lifestyle
Technology is simplifying our lives and making everything easier day by day. The last decade has been a game changer – that today, there is no single facet of our lives that technology has not transformed. It has redefined the way we learn and communicate and created a paradigm shift in the healthcare and manufacturing sectors.
Tech innovation has significantly changed our lives for better and has revolutionized both our offices and homes. Smart homes were something we enjoyed and marvelled at only in science fiction movies and TV shows. But, just a few years have changed all that and the things that were being imagined have come into reality.
With affordable products, ubiquitous connectivity, convenience and other benefits are becoming commonplace, and the ability to control a host of items at your home remotely makes every moment spent at home worthwhile.
Now that working hours are on the rise for many women, leaving less time to take care of household chores, data has found that productivity in the household has increased exponentially in recent years. Allowing many families to actually see decreases in time spent doing housework. The biggest factor behind this growth in home productivity is technology.
Understanding the consumer needs has kept global electronics giant, LG at the forefront of innovation to create products that make consumers smarter – saving time, space and energy.
According to Mr Taeick Son, Managing Director, LG Electronics, West Africa Operation, LG over the last decade has introduced some of the best smart home appliances to promote the smarter lifestyle of its customers across the world.
“Advances in home appliances have streamlined everything from cooking and cleaning to clothing care and home security. But as devices get smarter and functionality begins to blur, consumers are also finding smart new solutions in unconventional categories. For example, robot vacuums offer more than just the enhanced control options of a smart oven or washing machine –they reinvent how cleaning takes place in the home. Other breakthroughs make it possible to accomplish new tasks in the home”, he said.
Some of the recent innovative products launched by LG is Styler, a unique clothing care solution that personifies the company’s commitment to delivering convenience through innovation.
While past models have proven their value in countless homes, LG has continued to improve its design to better meet consumers’ needs.
LG Styler ThinQ
The recently released LG Styler ThinQ offers new smart capabilities such as voice control and ThinQ capabilities to boost performance while still offering the same unrivalled steam cleaning as previous models. Seamlessly combining smart functionality with time-saving practicality, the LG Styler ThinQ makes life smarter for the entire family while helping everyone look their best.
LG ThinQAI OLED TV
In the past, TVs earned a variety of unflattering nicknames for its supposed tendency to turn viewers into zombies. But today’s smart TVs have little in common with the “idiot boxes” of old.
By making it easier for users to manage their home smart networks it also providing streamlined access to curated content recommendations. TVs of the future will create a generation of savvier, smarter viewers.
Today, the award-winning LG ThinQAI OLED TV exemplifies the traits that forward-thinking consumers are looking for in their TVs. Powered by an advanced (Alpha) 9 processor, the TV is able to render images in impressive detail while also providing access to the full potential of a connected smart device.
Intuitive controls and stylish interfaces make it easy to find the right content from a variety of streaming platforms. The TV also employs Natural Language Processing (NLP) to deliver intelligent voice-activated control and connectivity based on LG’s own deep learning technology,
DeepThinQ.
These innovative products are indications that LG is planning for the future with its consumers in mind. You can visit any LG store around you today to start building your own smart home.
News
PalmPay, Jumia Reward Users in Festive Campaign
This holiday season just got a whole lot more exciting! PalmPay, one of Africa’s leading fintech platforms, operates Nigeria’s most used mobile wallet and has teamed up with Jumia, the continent’s e-commerce giant, to launch a festive campaign that’s all about convenience, rewards, and enhancing your shopping experience.
Running from December 11th to 28th, 2024, this holiday campaign is set to reward shoppers who use the new “Pay with PalmPay” feature on Jumia with cash prizes. Every purchase made using the direct payment method automatically enters participants into a draw, giving them a chance to win exciting cash rewards while enjoying the seamless shopping and payment process.
A Strategic Partnership To Enhance Digital Payments
The integration of the “Pay with PalmPay Wallet” feature on Jumia marks a major milestone in the partnership between the two industry leaders.
Speaking at the media announcement, Mr. Chika Nwosu, Managing Director of PalmPay, highlighted the broader mission driving this collaboration: “We are thrilled to join forces with Jumia to redefine convenience for shoppers. At PalmPay, our mission has always been to drive economic empowerment through accessible and user-friendly financial services. This partnership is a natural step forward in achieving that goal.”
Beyond the holidays, this partnership with Jumia m,k is a signal of bigger things to come. Mr. Chika added: “This is more than just about payments—it’s about creating value for our customers. We are excited about the opportunities this partnership will unlock in 2025, including campaigns and innovative initiatives that will further transform the online shopping landscape.”
Sunil Natraj, CEO of Jumia Nigeria, highlighted the shared vision between both companies, stating: “At Jumia, we are dedicated to creating value for our customers by ensuring a convenient, reliable, and secure shopping experience. This partnership with PalmPay strengthens our commitment to enhancing the digital payments within our platform. By integrating PalmPay, we are providing more options for customers to access affordable and quality goods with the convenience of cashless transactions.”
How to Join the Holiday Fun
Participating in the campaign is simple. When shopping on Jumia, select the “Pay with PalmPay” option at checkout, and your entry into the draw is automatic. It’s that easy!
Bonus Entry: Share a screenshot of your purchase on X (formerly Twitter) using the hashtag #PalmPayXJumia to increase your chances of winning. Additional winners will be selected from participants engaging with the campaign on Twitter.
Whether you are shopping for gifts, or gadgets this festive season, PalmPay and Jumia are making sure your experience is not only seamless but also rewarding.
To learn more about the campaign, stay tuned to the official X accounts (formerly Twitter) of @palmpay_ng and @JumiaNigeria. for updates, announcements, and more chances to win.
News
Corruption: ICPC Threatens Sanctions as 330 MDAs Fail Financial, Governance Tests
Independent Corrupt Practices and Other Related Offenses Commission (ICPC), has revealed that none of the Ministries, Departments, and Agencies (MDAs), in the country complied fully with ethical standards, policies, and anti-corruption measures in the passing year.
This was following the findings from the Commission’s Ethics and Integrity Compliance Scorecard (EICS) for the MDAs.
The Commission warned that henceforth, non-compliant MDAs will face necessary actions, including enforcement, to ensure adherence to government directives.
According to the EICS scorecard released on Thursday in Abuja by Demola Bakare, ICPC spokesperson, no MDA out of 330 MDAs that were assessed through physical deployment by ICPC teams achieved full compliance.
The EICS serves as a preventive tool used to assess and enhance the compliance of MDAs with ethical standards, policies, and anti-corruption measures.
Findings from the report indicated that no MDA achieved full compliance, while 29.55 per cent of MDAs captured attained substantial compliance, and 51.62 per cent had partial compliance.
The report also observed that 15.91 per cent showed poor compliance, while 292 per cent were non-compliant.
According to the report, common gaps included a lack of whistle-blower policies, strategic plans, and effective stock verification units, adding that many MDAs failed to conduct any forms of system studies or render financial and audit reports.
Commenting on the report, Bakare noted: “This year, 2024, the tool covered 323 responsive MDAs, with 15 MDAs non-responsive and categorised as high corruption risk.
“It is imperative to inform you that this initiative has yielded some positive and value-driven impacts, and these are, but not limited to, increased awareness and compliance with anti-corruption measures, enhanced competition among MDAs to meet criteria, and improved procurement processes and data reliability.
“The Commission recognises the MDAs with substantial compliance and will continue deploying these tools to promote integrity and accountability.
“Non-compliant MDAs will face necessary actions, including enforcement, to ensure adherence to government directives. We are certain that these efforts will continue to underline ICPC’s dedication to enhancing good governance and preventing corruption.”
News
Dangote Refinery Denies Liquidity Challenges, Dismisses NNPCL’s $1Bn Loan Claim
Dangote Petroleum Refinery and Petrochemicals (DPRP) has dismissed claims that the Nigerian National Petroleum Company Limited (NNPCL) used a $1 billion loan secured through a crude forward sale agreement to support the refinery during a liquidity crisis.
In a statement on Wednesday, Anthony Chiejina, company’s chief branding and communications officer, said the NNPCL’s stance was a distortion of the facts.
“We would like to clarify that this is a misrepresentation of the situation as $1bn is just about 5% of the investment that went into building the Dangote Refinery,” Chiejina said.
Chiejina stated that the refinery’s decision to enter into a partnership with the NNPCL was based on the recognition of “their strategic position in the industry as the largest offtaker of Nigerian crude” and at the time, the sole supplier of petrol into Nigeria.
“We agreed on the sale of a 20% stake at a value of $2.76 billion. Of this, we agreed that they will only pay $1 billion while the balance will be recovered over a period of 5 years through deductions on crude oil that they supply to us and from dividends due to them,” Chiejina said.
“If we were struggling with liquidity challenges we wouldn’t have given them such generous payment terms. As at 2021 when the agreement was signed, the refinery was at the pre-commission stage.”
According to the statement, the agreement would have been cash-based rather than credit-driven if the refinery struggled with liquidity issues.
The refinery’s spokesman said the NNPCL was subsequently unable to supply the agreed 300,000 barrels a day of crude (bpd).
He stated that the shortfall was because the NNPPC “had committed a greater part of their crude cargoes to financiers with the expectation of higher production which they were unable to achieve”.
“We subsequently gave them a 12-month period for them to pay cash for the balance of their equity given their inability to supply the agreed crude oil volume,” he said.
“NNPCL failed to meet this deadline which expired on June 30th 2024. As a result, their equity share was revised down to 7.24%. These events have been widely reported by both parties,” he said.
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