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Foldable Phones: Is Nigeria ready for the new mobile innovation?

Samsung Galaxy Fold and Huawei Mate X are the new kids in the block.



Samsung Galaxy Fold Vs Huawei Mate X

In 2006, when Nokia released its N93 model, screen folding wasn’t among its features; still, its specification wowed the mobile phone market — a phone that could be folded into a camcorder. It was an innovation that couldn’t be matched. If only we knew the plans technology had in store, such a thought would have been brushed aside.

Fast-forward to the 21st-century, technology has aided human imagination to run wild, Samsung and Huawei’s recent innovations serve as proof. The quest to be the first with disruptive products has given birth to new innovations like the Samsung Galaxy Fold and Huawei Mate X foldable phones.


Why the hype for foldable smartphones? 

Recently unveiled to smartphone enthusiasts in search of something new, different, and with the wow factor, the foldable smartphone model has been the talk of the town among markets globally. With the market size of about 20 million smartphone users, Nigeria is not left out.

Foldable smartphones are not new, but they are barely months old among gadgets enthusiasts. The first was unveiled to the markets by a California-based start-up, Royale, back in November 2018, in Beijing, China.

The FlexPai mobile phone was made available to consumers in a flash sale, with the price ranging from $1,295.49 to $1,871.33 (8,999 to 12,999 yuan), and the company disclosing that delivery of the smartphone would start in December 2018, as reported by CNBC.

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Foldable or bendable, depending on your preferred word, the innovation is a break from the norm. It is urbanisation making its presence felt in the traditional mobile phone market. Pre-foldable phones, the market was flooded with single and tablet products, but now, smartphone users have two-in-one smartphone options.

The foldable phone functions as a portable device and a high-definition large screen tablet, with the capability to support dual-screen use, but still fit perfectly in your pocket (depending on your trouser size).

Separating hype from fact

Though Samsung and Huawei were beaten to the market by a little-known tech start-up, that’s no cause for alarm. Before Samsung and Huawei unveiled their foldable phones, you probably had no idea that the product was already in the mobile market; that’s what global brands bring to the table. Their spotlight makes an already existing product new.

The hype is all that is known now, while the details are somewhat limited, as these two global brands are yet to make their products available in the mobile market. Even during the unveiling, Samsung didn’t provide the opportunity to have a feel of their Galaxy Fold.

After the public presentation of Galaxy Fold, it wasn’t made available at their presentation stand, giving room for speculations that the product might not deliver the hype as expected by phone enthusiasts. The only person that had a feel of the phone was the company representative who made the presentation to the audience.


It should be noted that phone enthusiasts are often advised to separate emotion from presentation, as they are often well-thought-out, designed and well-structured to wow the audience. No smartphone company presents its innovations to displease the audience.


While for Huawei’s Mate X, the longest some journalists were allowed to experience the innovation was within a few minutes. What satisfaction is derived from a test run of a new and unfamiliar smartphone? So, while the hype is creatively documented, the facts are limited to the written specification and features.

Effect of being the first

Though Royale’s foldable phone beat Samsung and Huawei to the market, its Flexpai, according to an industry expert, CNET, was plagued with some flaws, with its promising hardware beset by buggy software that wasn’t quite ready to handle the new design.

Being the first has its drawbacks, so Samsung and Huawei have given the notion that theirs might just be on queue behind Flexpai by not making people’s imaginations go beyond the well-padded video and photo presentation.

There have been occasions where phone manufacturers recalled their products from the market due to manufacturing defects, like the Samsung Galaxy 7, which exploded after the battery generated excessive heat, and sometimes, resulted in fires.

Buy or Not

This is a new innovation. Be patient to avoid getting your hands burnt. Most of the first rollouts might be test runs, so it’s advisable to wait for post-launch reviews before you invest over N720,000 on a phone.


How will the Nigerian market react to foldable smartphones? 

Samsung Galaxy Fold

Foldable phones are not the next wave in the Nigerian mobile market because of the price and luxury symbol they portray. Though there are luxury phone users like the iPhone generation, the excitement about the iPhone can’t be compared to the wave of the Galaxy Fold.

Samsung users are used to portable smartphones, and this innovation is not strong enough to disrupt the culture. Coupled with the cost and the popular belief that Samsung sells screens rather than phones, these are likely to cast doubt on the interest of smartphone users in Nigeria, where products are relatively on the high side.

But Samsung is one of the largest phone brands in the world, and if there’s one thing that a household name does, it is to sell products. The phone launches on April 26.

Huawei Mate X

Huawei is a global brand, but compared to Samsung, it’s yet to penetrate the Nigerian mobile phone market, mostly due to its positioning as a luxury brand which pits it against the likes of iPhone.

Huawei might hit a milestone with its fold model in the Asian and Western market, but its sales in Nigeria might be a rough drive as it will be competing with a household name called Samsung.

Compared to Galaxy Fold, Huawei’s Mate X is thinner, has a bigger screen, and folds flatter, but the price, which would have been its saving grace among first adopters weighing prices, is higher than Galaxy Fold.

Possible competitors

Foldable phones might be the next wave in the global mobile market, but little success might be recorded in the Nigerian mobile market, because not all low-cost brands like Infinix, Tecno, Nokia, and many more will be quick to invest in such a wave, considering their target market which revolves around low budget or middle-class smartphone users.

The number of smartphone users has grown tremendously as a result of the entry of low budget smartphones, and it won’t grow if all brands decide to phase out the traditional portable smartphone devices for foldable phones which cost about $2000 and more (over N720,000). E-commerce platform, Jumia in its 2018 Mobile Report stated that Infinix is its highest purchased smartphone in Nigeria.

Samsung Galaxy Fold Specs 

  • Display size, resolution: 4.6-inch Super AMOLED; 7.3-inch QXGA+ Dynamic AMOLED
  • Mobile software: Android 9.0 with Samsung One UI
  • Camera: 16-megapixel (ultra wide-angle), 12-megapixel (wide-angle), 12-megapixel (telephoto)
  • Front-facing camera: Two — 10-megapixel, 8-megapixel 3D depth
  • Processor: Octa-core Qualcomm Snapdragon 855
  • Storage: 512GB
  • RAM: 12GB
  • Expandable storage: None
  • Battery: 4,380
  • Fingerprint sensor: Right side of phone
  • Special features: Foldable display, wireless charging, fast charging
  • Connector: N/A
  • Product price: (USD) $1,980

Huawei Mate X Specs

  • Display: 6.6-inch (2,480×1,148 pixels); 6.38-inch (2,480×892); 8-inch OLED (2,480×2,200)
  • Camera: 4 rear cameras
  • Mobile software: N/A
  • Front facing camera: At least one
  • Storage: 512GB
  • RAM: 8GB
  • Fingerprint: Fingerprint reader integrated into power button
  • Processor: in-house Kirin 980 processor
  • Special features: Foldable display, fast charging
  • Connector: USB-C
  • Battery: 4,500-mAh capacity split between two batteries
  • Product price: $2,600

Olalekan is a certified media practitioner from the Nigerian Institute of Journalism (NIJ). In the era of media convergence, Olalekan is a valuable asset, with ability to curate and broadcast news. His zeal to write was developed out of passion to shape people’s thought and opinion; serving as a guideline for their daily lives. Contact for tips:



  1. Anonymous

    April 1, 2019 at 3:21 pm

    2600 phone that is crazy ><

  2. Anonymous

    April 21, 2019 at 6:05 am

    The exploding phone was Samsung note 7

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KPMG, PwC, Accenture prepare to become Crypto auditors

Big Four firms and other leading brands are working with several crypto and blockchain firms on ways to combat interoperability, regulatory challenges and development of the technology.



KPMG, PwC, Blockchain technology expected to tackle Africa’s challenges across multiple industries

No doubt, the Blockchain technology, along with the adoption of cryptocurrencies, is getting bigger. The business end of the market is expected to reach $21 billion over the next five years.

Expectedly, professional services giants are now taking a larger role in tackling new challenges in the market, the Big Four firms and other leading brands are working with several crypto and blockchain firms on ways to combat interoperability, regulatory challenges and development of the technology.


Henri Arslanian, PwC’s global crypto leader, told Cointelegraph that the Big Four firms majorly have a vital role in the advancement of the cryptocurrency ecosystem, saying:

“Although Bitcoin was designed with a trustless ideology, the reality is that the industry still requires trusted entities to catalyze the development of the ecosystem.”

READ ALSO: Positive outlook as Africa FinTech attracts over $100 million in investments

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Arslanian added that when he first joined PwC years back, few people took crypto seriously. However, he saw an increasing demand for crypto assets, with some businesses starting to accept Bitcoin payments from clients.

“Over the last couple of months, we’ve expanded our work. We recently closed the first-ever crypto fundraising deal at PwC, in which we led a $14 million Series A round for a Swiss-based crypto firm with Asian family offices. We are also the auditor for BC Group, a publicly listed crypto company in Hong Kong.”

BC Group CEO, Hugh Madden, also said that BC’s vision was to make use of crypto assets in Asia’s financial market. In turn, BC Group must set standards for compliance, security, and performance. Madden buttressed on the role of audits play by saying:

“Auditing, like regulatory clarity, provides confidence to all stakeholders that companies are operating transparently and adhering to expected industry standards. As the business of digital assets continues to grow and mature, and compliance and regulatory standards become more robust, auditors will continue to play a pivotal role.”

READ MORE: Blockchain technology expected to tackle Africa’s challenges across industries


KPMG United States blockchain audit leader, Erich Braun, further contributed by saying that a business’s blockchain system should be developed with the intent to meet both accounting and operational needs to meet with accounting standards:


“SEC issuers will want to design blockchain technologies to support the entity’s internal control over financial reporting. Being able to prove how these technologies achieve their aims in a well-controlled environment is critical to a successful blockchain strategy. If the technology is not auditable, the immense benefits it brings, such as increasing efficiencies and cutting costs, may not be realized.”

Henri Arslanian, added in his closing remarks that the Big Four firms are indeed the most important players for the crypto asset space. He said:

“I believe the Big Four firms will serve as the bridge between the crypto ecosystem and the institutional world. It is good for both the crypto ecosystem and for professional services firms like ours as a new source of clients that we can help.”

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What you need to know as banks rebrand CBN intervention funds to woo borrowers

CBN is releasing cheap funds to strategic sectors of the economy to hopefully restart the economy and possibly save the Nation from looming recession.



LDR: Growing the real sector by fiat?, Rapid increase in food prices temporary – Emefiele, CBN and other industry stakeholders establish N1 billion Bankers’ Charitable Endowment Fund , How the CBN’s OMO restriction is affecting the market  , Nigerian economy to grow by 2.38% in Q4 - CBN, New CBN report shows Nigerians will reduce consumption of luxury items, Banks violating CBN’s directive on N50 charge on accounts, send contradictory messages, What is on Godwin Emefiele’s mind?, These CBN policies are contradictory and stifling on banks, What you need to know as Banks rebrand CBN intervention funds to woo borrowers, CBN extends timeframe for submission of audited financial statements by other financial institutions

If like me you follow Nigerian Banks across social media networks, then like me you must have rebroadcasted some of their colorful advertising telling the world of their low-interest loans to fight COVID- 19, and hopefully restart the economy. One thing you must have noticed, however, during those rebroadcasts is how highlights of the advertisements- rates, tenor, and target industries- are the same no matter the brand.

Well, that is because the Banks are all advertising the same product; CBN’s intervention funds.


READ MOREL: El Rufai declares zero RoW charges for broadband infrastructure in Kaduna

What does that mean?

CBN in a bid to reclaim the economic frontiers already lost to the COVID- 19 pandemics is releasing cheap funds to strategic sectors of the economy to hopefully restart the economy and possibly save the Nation from looming recession.

In April 14, 2020, a press release by the CBN Governor titled “Turning the COVID- 19 tragedy into an opportunity for a new Nigeria”, he highlighted a three-phase approach to tackling the pandemic to include an immediate, short term and medium term timelines of 0-3months, 0-12months and 0-3 years respectively. Critical to these phases are different aspects of the economy that need to be tackled in each phase. These key sectors include the health sector, manufacturing, and infrastructure, while others include agriculture and power.

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(READ MORE: Covid-19: Timeline of every pronouncement made by Nigeria to support the economy)

To this end, the CBN has provided easily accessible loans to businesses in these sectors at below the market rate. These loans could either be overdrafts or long term loans that come with a moratorium, are accessible through the DMBs who assess the prospective borrower’s creditworthiness, and pass the same to the CBN for ratification and approval.

The intervention funds are placed in the following categories: Micro, Small, Medium Enterprises Development Fund (MSMEDF), Commercial Agric Credit Scheme (CACS), and the Real Sector Support Facility (RSSF) which funds the N100billion credit support intervention for the health sector.

All the loans are reasonably priced at 9% except for the health sector loans which are presently 5% and will revert to 9% in March of 2021.

READ ALSO: Debtors Africa in partnership with Proshare Launches Searchable Database on Delinquent Debtors and Report on NPLs


Why the intervention?

Because the CBN believes that by accompanying these funds with the necessary policies and regulatory backings that they can revamp the Nigerian economy by fast-tracking the development of the Nigerian economy through these sectors. A move that will generate employment, diversify revenue base, provide input for the industrial sector and ultimately increase foreign exchange earnings.


This is what the CBN is all about.

What’s in it for the Banks?

Apart from the obvious- a spread on the loan amount, commissions on transactions, and other ancillary charges, the Banks are also playing their roles in working towards a better economy where we can all thrive.

So, when next you come across such advertisements… tell the next person. Let’s build a better economy together.

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Covid-19 Update in Nigeria

On the 29th of May 2020, 387 new confirmed cases and 2 deaths were recorded in Nigeria bringing the total confirmed cases recorded in the country to 9,302.



COVID-19: FCMB reschedule operations

The spread of novel Corona Virus Disease (COVID-19) in Nigeria continues to rise as the latest statistics provided by the Nigeria Centre for Disease Control reveal Nigeria now has 9,302 confirmed cases.

On the 29th of May 2020, 387 new confirmed cases and 2 deaths were recorded in Nigeria.


To date, 9302 cases have been confirmed, 2697 cases have been discharged and 261 deaths have been recorded in 35 states and the Federal Capital Territory.

Covid-19 Case Updates- May 29th 2020

  • Total Number of Cases – 9,302
  • Total Number Discharged – 2,697
  • Total Deaths – 261
  • Total Tests Carried out – 58.726

The 387 new cases were reported from 14 states- Lagos (254), FCT (29), Jigawa (24), Edo (22), Oyo (15), Rivers (14), Kaduna (11), Borno (6), Kano (3), Plateau (2), Yobe( 2), Gombe (2), Bauchi (2), Ondo (1).

READ ALSO: COVID-19: Western diplomats warn of disease explosion, poor handling by government

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The latest numbers bring Lagos state total confirmed cases to 4377, followed by Kano (942), Abuja at 564, Katsina (358), Oyo (275), Jigawa (265), Borno (264), Edo (262), Ogun (246), Bauchi (236), Kaduna (232),  Rivers (190), Gombe (154), Sokoto (116), Plateau (101).

Kwara State has recorded 87 cases, Zamfara (76), Nasarawa (62), Delta (57), Yobe (49), Akwa Ibom (45), Osun (44), Ebonyi (40), Adamawa (38), Imo (34), Kebbi (33), Niger (30), Ondo (25), Ekiti (20), Taraba and Enugu (18), Bayelsa (12), Anambra (11), Abia (10), Benue (7), while Kogi state has recorded 2 cases.

Lock Down and Curfew

In a move to combat the spread of the pandemic disease, President Muhammadu Buhari directed the cessation of all movements in Lagos and the FCT for an initial period of 14 days, which took effect from 11 pm on Monday, 30th March 2020.

The movement restriction, which was extended by another two-weeks period, has been partially put on hold with some businesses commencing operations from May 4. On April 27th, 2020, President Muhammadu Buhari declared an overnight curfew from 8 pm to 6 am across the country, as part of new measures to contain the spread of the COVID-19. This comes along with the phased and gradual easing of lockdown measures in FCT, Lagos, and Ogun States, which took effect from Saturday, 2nd May 2020, at 9 am.



READ ALSO: Bill Gates says Trump’s WHO funding suspension is dangerous

DateConfirmed caseNew casesTotal deathsNew deathsTotal recoveryActive casesCritical cases
May 29, 202093023872612269763447
May 28, 202089151822595259260647
May 27, 202087333892545250159787
May 26, 2020834427624916238557107
May 25, 202080682292337231155247
May 24, 202078393132265226353607
May 23, 202075262652210217451317
May 22, 2020726124522110200750337
May 21, 2020701633921111190748987
May 20, 202066772842008184046377
May 19, 202064012261921173444757
May 18, 202061752161919164443407
May 17, 202059593881826159441837
May 16, 202056211761765147239737
May 15, 202054452881713132039544
May 14, 202051621931683118038154
May 13, 202049711841646107037374
May 12, 20204787146158695936704
May 11, 202046412421521090235894
May 10, 202043992481421777834794
May 9, 202041512391271174532784
May 8, 202039123861181067931154
May 7, 20203526381108460128184
May 6, 20203145195104553425071
May 5, 2020295014899548123704
May 4, 2020280224594641722912
May 3, 2020255817088240020702
May 2, 20202388220861735119522
May 1, 20202170238691035117512
April 30, 2020193220459731715562
April 29, 2020172819652730713692
April 28, 2020153219545425512322
April 27, 20201337644102559942
April 26, 20201273914152399942
April 25, 20201182873632229252
April 24, 202010951143312088552
April 23, 20209811083231977532
April 22, 2020873912931976482
April 21, 20207821172631975602
April 20, 2020665382311884662
April 19, 2020627862221704362
April 18, 2020541482021663562
April 17, 2020493511841593172
April 16, 2020442351311522772
April 15, 2020407341211282672
April 14, 202037330111992632
April 13, 202034320100912422
April 12, 20203235100852282
April 11, 202031813103702382
April 10, 20203051770582402
April 9, 20202881471512302
April 8, 20202742260442262
April 7, 20202541661442042
April 6, 2020238650351982
April 5, 20202321851331942
April 4, 2020214540251850
April 3, 20202092542251800
April 2, 20201841020201620
April 1, 2020174352091630
March 31, 202013982091280
March 30, 2020131202181210
March 29, 2020111221031070
March 28, 20208919103850
March 27, 2020705103660
March 26, 20206514102620
March 25, 2020517102480
March 24, 2020444102410
March 23, 20204010112370
March 22, 2020308002280
March 21, 20202210001210
March 20, 2020124001110
March 19, 20208000170
March 18, 20208500170
March 17, 20203100030
March 16, 20202000020
March 15, 20202000020
March 14, 20202000020
March 13, 20202000020
March 12, 20202000020
March 11, 20202000020
March 10, 20202000020
March 9, 20202100020
March 8, 20201000010
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March 5, 20201000010
March 4, 20201000010
March 3, 20201000010
March 2, 20201000010
March 1, 20201000010
February 29, 20201000010
February 28, 20201100010

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