No doubt, this week is loaded, especially in Las Vegas, where the whole world is paying attention to. Nairametrics is live at the event to ensure you are covered with all big news from the Consumer Electronics Show (CES 2020).
Though we don’t know the full details of everything that will be unveiled at CES this year, as it is the world’s gathering place for all those who thrive on the business of consumer technologies, it has served as the proving ground for innovators and breakthrough technologies for 50 years — the global stage where next-generation innovations are introduced to the marketplace.
Why it matters: Vegas during CES is a noisy place. It pays to know which direction to point your ears if you are interested in gadget or inventions that would shake the world this year.
Traditional consumer electronics firms: Likes of Samsungs, Sonys and LGs, among others have been dazzling the world with giant TVs few people can afford, including wall-sized displays, sets that can roll and fold and screens sporting 8K resolution.
Appliances: Sometimes, some of the most interesting new devices at CES are high-end takes on home appliances. A few years back, it was multiplex washing machines. This year, it could be AI-equipped fridges.
PC makers: Expect all the big computer makers to unveil new models. Dell isn’t even waiting until Vegas. Last Thursday, it announced a new 5G-equipped laptop and improved software for connecting its PCs with iOS devices.
Automotive: CES has been a prime venue for automakers for some time, with all the big names eager to show just how tech-forward their new models will be. We’ll also be hearing about super-light vehicles, with Uber set to make some announcements, as well as Segway-Ninebot.
(READ ALSO: Events that shaped FinTech industry in 2019)
Component makers: The leading chipmakers, including Qualcomm, Nvidia, Intel and more, will all have a significant presence.
Qualcomm is focusing on cars, Nvidia on gaming and autonomous machines (both cars and robots), and Intel had a press conference on Monday with CEO Bob Swan.
Social media: The big social companies are mostly absent or marginal at CES. Snapchat, TikTok and other major social media companies aren’t expected to have major presences like they do at conferences like VidCon and Cannes.
Facebook executives are speaking at various events but the company isn’t expected to make any major announcements. Twitter is hosting a panel on Wednesday morning, and Reddit will be exhibiting.
Government speakers: Most federal officials cancelled their appearances last year due to the government shutdown but several administration leaders had been in Vegas this year.
In addition to Ivanka Trump and Chao, the FDA’s Amy Abernethy is leading a session and U.S. CTO Michael Kratsios has appeared as part of Chao’s keynote. FCC chairman Ajit Pai and FTC Chairman Joe Simons are also slated for a fireside chat.
Events so far
Tuesday, Jan. 7
- Google made a slew of announcements for its digital assistant product on Tuesday, including new privacy controls, the ability to read out loud long text like news articles, and new home automation abilities. It also revealed that Google Assistant now has 500 million monthly users.
- IBM launched its AI advertising service that runs on Watson. The service aims to predict the optimal combination of advertising and creative to help brands push out effective, highly engaging ads.
- iHeartMedia announced new upcoming auto integrations that will bring iHeartRadio’s mega library of audio content to listeners in cars. Partners include General Motors, Android Automotive, SoundHound, Panasonic and others.
- Roku debuted new functionality to support third-party soundbars. Roku TV users will be able to control their soundbars via Roku’s remote.
- TiVo debuted a streaming video dongle aimed at taking on the likes of Roku and Apple TV, a move the company’s CEO said is the first step toward a fully software-based future.
- Cannabis-tech companies are bristling against being kept from openly exhibiting their products at the show despite one of their cohort winning an award from the trade group that puts on CES.
- Executives in charge of Amazon’s Ring discussed the many privacy and security issues raised by their smart doorbells and related products, with one dismissing concerns as not “reasonable.”
Monday, Jan. 6
- Toyota said it would build a prototype city of the future at the base of Mt. Fuji to test human-robot harmony. Powered by Toyota’s hydrogen fuel cells, it’ll be a living laboratory to explore everything from autonomous vehicles to mobility-as-a-service, personal robots and smart-home connected technology.
- Audi is showing its technology-packed AI:ME concept car, an “empathetic” city car that drives itself and helps you escape “the urban jungle” with personalized features like a “wellbeing” menu that lets you order a meal via eye-tracking.
- The next version of Bluetooth will offer better support for audio sharing, hearing aids and improved sound quality.
- Intel announced its first standalone graphics chip and showed off a concept PC with a giant foldable screen.
- Sony, in an unexpected move, showed off its own concept electronic vehicle, the Vision-S as part of its press conference. It isn’t entirely homegrown, with technology coming from Bosch, Magna and BlackBerry’s QNX unit, per The Verge.
- LG said its 60-inch rollable OLED TV, which rises and lowers like a shade, would ship this year for $60,000. A standard 65-inch OLED display will cost just $2,000.
- Impossible Foods announced two new plant-based products that will mimic pork, the company’s newest protein after the beef-like burgers and ground meat it’s become known for. The faux-sausage will become available at 139 Burger King locations starting at the end of the month, while the ground pork does not have a set release date.
- Hyundai and Uber said they were partnering on a planned flying ride-share network, and the Korean carmaker unveiled a full-scale model of what a potential air taxi could look like.
- Uber announced it’s adding the ability for customers in Las Vegas to purchase public transit tickets via its mobile app (only the second city where it’s available).
- China’s TCL showed off a foldable phone prototype and introduced a 5G phone for $500 along with a variety of other TVs and mobile devices.
- Lenovo debuted a 5G-equipped laptop powered by a Qualcomm chip that promises 24 hours of battery life. It’s due out this spring for around $1,500. Also from Lenovo: a ThinkBook model with an e-ink display on its lid and the ThinkPad X1 Fold, a $2,500 Windows 10 laptop with dual screens.
- Qualcomm detailed a bunch of work it has been doing in self-driving cars over the past few years and announced the Snapdragon Ride platform for autonomous vehicles.
- Amazon announced a new program aimed at getting its Fire TV operating system built into more televisions, soundbars and even the back seats of cars.
- Mophie announced a battery pack that can not only power up your iPhone and any other electronic device but also jump-start your car.
Sunday, Jan. 5
- Byton, electric vehicle startup, said it’s partnering with ViacomCBS and Accuweather, among others, to provide content and services for the massive 48-inch screen in its upcoming M-Byte plug-in SUV. The $45,000 crossover will go on sale in China mid-year and debut in the U.S. and Europe in 2021.
- Samsung showed off a number of fancy TVs, including an 8K QLED display with almost no bezels, several MicroLED displays that can be connected to form a larger TV and the “Sero” (which means vertical in Korean). It pivots between horizontal and vertical orientations — just like a smartphone, tablet and Facebook’s latest Portal smart displays.
- HP announced a laptop with a built-in Tile tracker.
- Withings, the former Nokia Health unit, has a smartwatch that can monitor your heart and check you for sleep apnea — or at least it will be able to do so once it gets FDA approval.
Saturday, Jan. 4
- Samsung isn’t debuting its next major smartphone at CES but it did say the launch will take place Feb. 11 in San Francisco.
Deap Capital Management & Trust Plc reacts to ‘rumoured’ AMCON takeover
AMCON had dragged the company before a Court in a bid to recover the debt.
Deap Capital Management & Trust Plc has reacted to media reports about the supposed takeover of its assets by the Asset Management Company of Nigeria, AMCON.
In a statement that was signed by the Company Secretary, Yetunde Fashesin-Sousa, Deap Capital admitted that it is indebted to AMCON to the tune of N1.6 billion. It was also confirmed that AMCON owns a 20% equity stake in the fund management firm.
Note that the indebtedness arose after AMCON took over ownership of certain banks. Apparently, these are banks that Deap Capital originally owed. However, following the transfer of the unnamed banks’ assets to AMCON, the debts were also transferred alongside.
Meanwhile, AMCON had dragged the company before the Federal High Court in Lagos in a bid to recover the debt. A ruling on the case, which was delivered on January 28 by the Hon Justice John Terhemba Tsoho, was in AMCON’s favour.
Following the ruling, AMCON began the process of recovering the debt from Deap Capital Management & Trust Plc. The company said it has been cooperating in this regard by working towards repaying the debt.
The company also clarified that the assets that were taken over by AMCON belonged to its former directors whose names were not mentioned. Nairametrics could not verify if these directors are among those who were recently reinstated by the Securities and Exchange Commission, SEC. But we do know that AMCON had obtained a court order to attach the ‘former directors’ assets’ in its attempt to recover the N1.6 billion debt.
In the meantime, Deap Capital Management & Trust Plc said it is committed to resolving its operational challenges, including the recovery of its operational license and profitability issues. The company’s latest earnings report (for its Q1 period ended December 31st, 2019) showed a total income of N1 billion. There was also a N6.3 million loss for the period under review.
Deap Capital’s stock opened today’s trading session on the Nigerian Stock Exchange with a share price of N0.30. Year to date, the stock has declined by some -18%.
How to get creative sector loan from the CBN, Bankers Committee
The bank will then discuss, analyze your request and if successful will disburse the funds.
The Central Bank of Nigeria (CBN), in collaboration with the Bankers’ Committee, has outlined how to get the creative sector loans.
Both parties developed a Creative Industry Financing Initiative (CIFI) as part of efforts to boost job creation in Nigeria, particularly among youths in the country. The initiative has four pillars which include Fashion, Information Technology, Movie and Music.
It would be recalled that last year, the CBN in conjunction with the Bankers’ Committee unveiled the Creative Industry Financing Initiative (CIFI), which was to enable businesses to obtain loans up to the tune of N500 million.
Interested applicants in the creative industry are advised to submit their applications to their banks for approval and subsequent disbursement.
How to benefit from the Creative Industry Financing Initiative (CIFI): The categories of businesses to benefit from this include Fashion, Information Technology, Movie Production, Movie Distribution, Music and Software Engineering Student Loan.
Part of the steps in applying for the loan is to prepare your business plan or statement on how much you want for your business.
You can get a loan of up to:
- N3 million for a Software Engineering Student
- N30 million for a Movie Production business
- N500 million for a Movie Distribution business
- Cover your rental/service fees for Fashion and Information Technology businesses
- Cover your training fees, equipment fees and rental/service fees for Music business
After preparation of the business plan stating how much is needed for the business, applicants are advised to go to any bank of their choice to apply for the loan.
The bank will then discuss, analyze your request and if successful will disburse the funds. It must be noted that the maximum interest rate of 9% per annum (all charges inclusive) is applicable to all loans.
The period for the repayment of the loan in the different categories are:
- For Software Engineering Student Loan, it is a maximum of 3 years
- For Movie Production and Distribution, it is a maximum of 10 years
- For Fashion, Information Technology (IT) and Music, it is a maximum of 10 years.
For more information, you can visit www.cbn.gov.ng
COVID-19 Update in Nigeria
On the 12th of July 2020, 571 new confirmed cases and 16 deaths were recorded in Nigeria.
The spread of novel Corona Virus Disease (COVID-19) in Nigeria continues to record significant increase as the latest statistics provided by the Nigeria Centre for Disease Control reveal Nigeria now has 32,558 confirmed cases.
On the 12th of July 2020, 571 new confirmed cases and 16 deaths were recorded in Nigeria, having carried out a total daily test of 2,973 samples across the country.
To date, 32,558 cases have been confirmed, 13,447 cases have been discharged and 740 deaths have been recorded in 36 states and the Federal Capital Territory. A total of 181,248 tests have been carried out as of July 12th, 2020 compared to 178,265 tests a day earlier.
COVID-19 Case Updates- 12th July 2020,
- Total Number of Cases – 32,558
- Total Number Discharged – 13,447
- Total Deaths – 740
- Total Tests Carried out – 1781,248
According to the NCDC, the 571 new cases were reported from 20 states- Lagos (152), Ebonyi (108), Edo (53), Ondo (46), FCT (38), Oyo (20), Kwara (19), Plateau (17), Osun (14), Bayelsa (14), Ekiti (14), Katsina (14), Akwa Ibom (11), Kaduna (11), Rivers (11), Niger (10), Ogun (7), Kano (6), Cross River (4), Bauchi (2).
Meanwhile, the latest numbers bring Lagos state total confirmed cases to 12,427, followed by Abuja (2,576), Edo (1,731). Oyo (1,726), RIvers (1,368), Delta (1,359), Kano (1,309), Ogun (1,087), Kaduna (989), Ondo (716), Katsina (669), Ebonyi (616), Borno (586), Plateau (533), Gombe (530), Bauchi (521), Enugu (476), Abia (405), Imo (386), Kwara (330).
Jigawa state has recorded 321 cases, Bayelsa (313), Osun (245), Nasarawa (244), Sokoto (153), Akwa Ibom and Niger (135), Benue (121), Adamawa (110), Anambra (93), Kebbi (86), Zamfara (76), Ekiti (63), Yobe (62), Taraba (27), Cross River (9) while Kogi state has recorded 5 cases only.
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, Nigeria’s 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.
On Monday, 29th June 2020 the federal government extended the second phase of the eased lockdown by 4 weeks and approved interstate movement outside curfew hours with effect from July 1, 2020.
|Date||Confirmed case||New cases||Total deaths||New deaths||Total recovery||Active cases||Critical cases|
|July 12, 2020||32558||571||740||16||13447||18371||7|
|July 11, 2020||31987||664||724||15||13103||18160||7|
|July 10, 2020||31323||575||709||20||12795||17819||7|
|July 9, 2020||30748||499||689||5||12546||17513||7|
|July 8, 2020||30249||460||684||15||12373||17192||7|
|July 7, 2020||29789||503||669||15||12108||17012||7|
|July 6, 2020||29286||575||654||9||11828||16804||7|
|July 5, 2020||28711||544||645||11||11665||16401||7|
|July 4, 2020||28167||603||634||6||11462||16071||7|
|July 3, 2020||27564||454||628||12||11069||15867||7|
|July 2, 2020||27110||626||616||13||10801||15693||7|
|July 1, 2020||26484||790||603||13||10152||15729||7|
|June 30, 2020||25694||561||590||17||9746||15358||7|
|June 29, 2020||25133||566||573||8||9402||15158||7|
|June 28, 2020||24867||490||565||7||9007||14995||7|
|June 27, 2020||24077||779||558||4||8625||14894||7|
|June 26, 2020||23298||684||554||5||8253||14491||7|
|June 25, 2020||22614||594||549||7||7822||14243||7|
|June 24, 2020||22020||649||542||9||7613||13865||7|
|June 23, 2020||21371||452||533||8||7338||13500||7|
|June 22, 2020||20919||675||525||7||7109||13285||7|
|June 21, 2020||20242||436||518||12||6879||12847||7|
|June 20, 2020||19808||661||506||19||6718||12584||7|
|June 19, 2020||19147||667||487||12||6581||12079||7|
|June 18, 2020||18480||745||475||6||6307||11698||7|
|June 17, 2020||17735||587||469||14||5967||11299||7|
|June 16, 2020||17148||490||455||31||5623||11070||7|
|June 15, 2020||16658||573||424||4||5349||10885||7|
|June 14, 2020||16085||403||420||13||5220||10445||7|
|June 13, 2020||15682||501||407||8||5101||10174||7|
|June 12, 2020||15181||627||399||12||4891||9891||7|
|June 11, 2020||14554||681||387||5||4494||9673||7|
|June 10, 2020||13873||409||382||17||4351||9140||7|
|June 9, 2020||13464||663||365||4||4206||8893||7|
|June 8, 2020||12801||315||361||7||4040||8400||7|
|June 7, 2020||12486||260||354||12||3959||8173||7|
|June 6, 2020||12233||389||342||9||3826||8065||7|
|June 5, 2020||11844||328||333||10||3696||7815||7|
|June 4, 2020||11516||350||323||8||3535||7646||7|
|June 3, 2020||11166||348||315||1||3329||7522||7|
|June 2, 2020||10819||241||314||15||3239||7266||7|
|June 1, 2020||10578||416||299||12||3122||7157||9|
|May 31, 2020||10162||307||287||14||3007||6868||7|
|May 30, 2020||9855||553||273||12||2856||6726||7|
|May 29, 2020||9302||387||261||2||2697||6344||7|
|May 28, 2020||8915||182||259||5||2592||6064||7|
|May 27, 2020||8733||389||254||5||2501||5978||7|
|May 26, 2020||8344||276||249||16||2385||5710||7|
|May 25, 2020||8068||229||233||7||2311||5524||7|
|May 24, 2020||7839||313||226||5||2263||5360||7|
|May 23, 2020||7526||265||221||0||2174||5131||7|
|May 22, 2020||7261||245||221||10||2007||5033||7|
|May 21, 2020||7016||339||211||11||1907||4898||7|
|May 20, 2020||6677||284||200||8||1840||4637||7|
|May 19, 2020||6401||226||192||1||1734||4475||7|
|May 18, 2020||6175||216||191||9||1644||4340||7|
|May 17, 2020||5959||388||182||6||1594||4183||7|
|May 16, 2020||5621||176||176||5||1472||3973||7|
|May 15, 2020||5445||288||171||3||1320||3954||4|
|May 14, 2020||5162||193||168||3||1180||3815||4|
|May 13, 2020||4971||184||164||6||1070||3737||4|
|May 12, 2020||4787||146||158||6||959||3670||4|
|May 11, 2020||4641||242||152||10||902||3589||4|
|May 10, 2020||4399||248||142||17||778||3479||4|
|May 9, 2020||4151||239||127||11||745||3278||4|
|May 8, 2020||3912||386||118||10||679||3115||4|
|May 7, 2020||3526||381||108||4||601||2818||4|
|May 6, 2020||3145||195||104||5||534||2507||1|
|May 5, 2020||2950||148||99||5||481||2370||4|
|May 4, 2020||2802||245||94||6||417||2291||2|
|May 3, 2020||2558||170||88||2||400||2070||2|
|May 2, 2020||2388||220||86||17||351||1952||2|
|May 1, 2020||2170||238||69||10||351||1751||2|
|April 30, 2020||1932||204||59||7||317||1556||2|
|April 29, 2020||1728||196||52||7||307||1369||2|
|April 28, 2020||1532||195||45||4||255||1232||2|
|April 27, 2020||1337||64||41||0||255||994||2|
|April 26, 2020||1273||91||41||5||239||994||2|
|April 25, 2020||1182||87||36||3||222||925||2|
|April 24, 2020||1095||114||33||1||208||855||2|
|April 23, 2020||981||108||32||3||197||753||2|
|April 22, 2020||873||91||29||3||197||648||2|
|April 21, 2020||782||117||26||3||197||560||2|
|April 20, 2020||665||38||23||1||188||466||2|
|April 19, 2020||627||86||22||2||170||436||2|
|April 18, 2020||541||48||20||2||166||356||2|
|April 17, 2020||493||51||18||4||159||317||2|
|April 16, 2020||442||35||13||1||152||277||2|
|April 15, 2020||407||34||12||1||128||267||2|
|April 14, 2020||373||30||11||1||99||263||2|
|April 13, 2020||343||20||10||0||91||242||2|
|April 12, 2020||323||5||10||0||85||228||2|
|April 11, 2020||318||13||10||3||70||238||2|
|April 10, 2020||305||17||7||0||58||240||2|
|April 9, 2020||288||14||7||1||51||230||2|
|April 8, 2020||274||22||6||0||44||226||2|
|April 7, 2020||254||16||6||1||44||204||2|
|April 6, 2020||238||6||5||0||35||198||2|
|April 5, 2020||232||18||5||1||33||194||2|
|April 4, 2020||214||5||4||0||25||185||0|
|April 3, 2020||209||25||4||2||25||180||0|
|April 2, 2020||184||10||2||0||20||162||0|
|April 1, 2020||174||35||2||0||9||163||0|
|March 31, 2020||139||8||2||0||9||128||0|
|March 30, 2020||131||20||2||1||8||121||0|
|March 29, 2020||111||22||1||0||3||107||0|
|March 28, 2020||89||19||1||0||3||85||0|
|March 27, 2020||70||5||1||0||3||66||0|
|March 26, 2020||65||14||1||0||2||62||0|
|March 25, 2020||51||7||1||0||2||48||0|
|March 24, 2020||44||4||1||0||2||41||0|
|March 23, 2020||40||10||1||1||2||37||0|
|March 22, 2020||30||8||0||0||2||28||0|
|March 21, 2020||22||10||0||0||1||21||0|
|March 20, 2020||12||4||0||0||1||11||0|
|March 19, 2020||8||0||0||0||1||7||0|
|March 18, 2020||8||5||0||0||1||7||0|
|March 17, 2020||3||1||0||0||0||3||0|
|March 16, 2020||2||0||0||0||0||2||0|
|March 15, 2020||2||0||0||0||0||2||0|
|March 14, 2020||2||0||0||0||0||2||0|
|March 13, 2020||2||0||0||0||0||2||0|
|March 12, 2020||2||0||0||0||0||2||0|
|March 11, 2020||2||0||0||0||0||2||0|
|March 10, 2020||2||0||0||0||0||2||0|
|March 9, 2020||2||1||0||0||0||2||0|
|March 8, 2020||1||0||0||0||0||1||0|
|March 7, 2020||1||0||0||0||0||1||0|
|March 6, 2020||1||0||0||0||0||1||0|
|March 5, 2020||1||0||0||0||0||1||0|
|March 4, 2020||1||0||0||0||0||1||0|
|March 3, 2020||1||0||0||0||0||1||0|
|March 2, 2020||1||0||0||0||0||1||0|
|March 1, 2020||1||0||0||0||0||1||0|
|February 29, 2020||1||0||0||0||0||1||0|
|February 28, 2020||1||1||0||0||0||1||0|