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Okonjo-Iweala, Adesina, Mohammed, Barkindo lead list of Top 10 Nigerians on World Stage

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Okonjo-Iweala Adesina Mohammed Barkindo lead list of Top 10 Nigerians on World Stage, SiliconNigeria

The Top10 magazine, Nigeria’s foremost publication that celebrates excellence, has honored top 10 Nigerian international figures shaping developments at continental and global levels with a special edition.

In the latest international edition of the magazine titled “Top 10 Nigerians on World Stage”, the magazine lists 10 distinguished Nigerians currently occupying important positions in continental and global organizations. The list includes professionals, technocrats, development experts, etc.

Leading the pack of these distinguished Nigerians are Dr. Okonjo Iweala, newly appointed Director General, World Trade Organization (WTO); Akinwunmi Adesina, two-term President of the Africa Development Bank (AfDB); Professor Benedict Oramah, President, AFREXIM Bank; Amina Mohammed, Deputy Secretary-General, United Nations (UN) and Mohammed Barkindo, Secretary General, Organization of Petroleum Exporting Countries (OPEC). Others are Chief Chile Ebeo-Osuji, a Judge at the International Criminal Court, at The Hague; Dr. Oloruntimi Badero, the World’s First International Cardio-nephrologist; Dr. Onyeama Ogbuagbu, A Nigerian-born medical doctor involved in the invention of the Pfizer Covid-19 vaccine; Bola Adesola, Senior Vice Chair Africa, Standard Chartered Bank and UN Global Impact Board member, as well as Professor Kevin Ibeh, newly appointed Commissioner, Commonwealth Scholarship Commission.

Mr. Tony Iji, publisher of The Top10 Magazine, said in a press release, “In keeping with our tradition of celebrating people of excellence and giving honor to whom it is due, we have decided to dedicate this edition of the publication to celebrating 10 distinguished Nigerians occupying important positions in continental and global organizations”.

He said the recent appointment of Okonjo-Iweala as the Director General of WTO – the first African and first woman to hold that position – has added to the growing list of Nigerian nationals who have made it into the global hall of fame in spite of many odds that limit attainment of individual potential at home. He added that the exploits of these individuals have demonstrated to the world Nigeria’s position as a key regional and international player and a major contributor to world development.

“The increasing rate at which Nigeria is feeding the world with rare talents is highly commendable, hence our decision to dedicate this edition to celebrating 10 of them. Our purpose is to make a strong statement to the world that Nigeria has men and women in every field of endeavor who are as good as anyone from any corner of the planet”.

 “It is also our considered view that the publication will help to motivate our people, especially the youths, to aspire to greater heights in whatever endeavor they choose to pursue, knowing that they have the can-do spirit to match their counterparts anywhere in the world” he stated.

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Cadbury Nigeria Appoints Suleiman As New Chairman

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Cadbury Nigeria Appoints Suleiman As New Chairman, SiliconNigeria

Cadbury Nigeria Plc yesterday announced the appointment of Mr. Adedotun Sulaiman MFR, as its new chairman of the board, with effect from 22nd July 2020.

Mr. Sulaiman, a renowned management and strategy consultant with almost 40 years of experience in transformational engagements in strategic plan development, organisation design/review, human resource management, technology planning and process re-engineering, was appointed to the board of Cadbury Nigeria Plc as a non-executive director in August 2009.

 Mr. Sulaiman was a past country managing director and chairman of Accenture Nigeria, and he currently sits on and/or chairs the board of several companies and not-for-profit organisations including ABSA Nigeria Plc, Interswitch Limited, Cornerstone Insurance Plc, The Corona Schools Trust, Greensprings Schools, and the University of Lagos Advancement Board of which he is vice chairman.

He is also the chairman of the Financial Reporting Council of Nigeria (FRCN). “Mr. Sulaiman’s professional track record of excellence in the private sector and strong commitment to corporate governance principles, make him a natural fit for the role,” said Mrs. Oyeyimika Adeboye, managing director, Cadbury Nigeria, in a statement.

“He brings on board, his integrity, wealth of experience, and exemplary leadership style that have made him one of the most respected business leaders in Nigeria today. We are delighted to have Mr. Sulaiman as our new Chairman.”

According to the statement, which was issued by Mr. Frederick Mordi, the company’s corporate communications and government affairs manager for West Africa, Mr. Sulaiman’s appointment followed the resignation of Mr. Atedo Peterside from the board of the company on 30th June 2020.

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Huawei UK Chairman Quits After Loss Of 5G Deal

Huawei announced its UK chairman John Browne had quit hours before the formal confirmation that the Chinese gear maker would not be allowed to supply 5G equipment in the country.

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Huawei UK Chairman Quits After Loss Of 5G Deal, SiliconNigeria

Huawei announced its UK chairman John Browne had quit hours before the formal confirmation that the Chinese gear maker would not be allowed to supply 5G equipment in the country.

In a statement, the company said his work had “proved vital in ensuring Huawei’s commitment to corporate governance in the UK” and had been “central to our commitment here dating back 20 years”.

The United Kingdom (UK) government banned the use of Huawei 5G equipment, with operators given until 2027 to rip out existing kit, a process expected to delay rollout of the new network technology by between two and three years and cost up to £2 billion.

The UK government’s about-turn comes after a fresh review by security authorities in light of further US sanctions on Huawei and following pressure from politicians in the UK and US, who waged a lengthy international campaign against the company.

Under the new telecoms security bill, which must still pass through the UK parliament but is unlikely to face significant opposition, operators are unable to purchase new Huawei 5G equipment from the end of this year, with removal of existing kit mandated by 2027.

Its move reverses a policy unveiled in January which cleared operators to use Huawei in up to 35 per cent of their 5G RANs, but not core networks. The original policy was then reviewed following the ramping of US supply chain sanctions.

Announcing the latest ruling in the House of Commons, UK Secretary of State for Digital, Culture, Media and Sport Oliver Dowden said it had “not taken these decisions lightly” noting “this will delay our rollout of 5G”.

“To go further and faster beyond the 2027 target would add significant and unnecessary costs and delays,” he added. Dowden estimated the government’s policy would set 5G rollout back by up to three years at a cost of up to £2 billion.

BT and Vodafone warned last week it would take five to seven years to perform full removal without service disruption. The government’s latest decision only impacts equipment used for 5G, though Dowden said the country also planned to conduct a technical consultation to assess equipment for fibre and older mobile technologies.

Following the announcement, a Huawei representative said its role in the UK had become politicised, with the decision “about US trade policy and not security”.

The company added: “It threatens to move Britain into the digital slow lane, push up bills and deepen the digital divide. Instead of levelling up the government is levelling down and we urge them to reconsider. We remain confident that the new US restrictions would not have affected the resilience or security of the products we supply to the UK.”

“We will conduct a detailed review of what today’s announcement means for our business here and will work with the UK government to explain how we can continue to contribute to a better-connected Britain.” Rival Ericsson wasted little time in pitching itself as a viable alternative which could salvage original 5G timelines.

Source: Mobile World Live

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Huawei Announces 13% Revenue Jump In H1 2020

Huawei announced revenues of CNY 454 billion for the first half of 2020, up 13.1 percent from a year earlier.

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Huawei Announces 13% Revenue Jump In H1 2020, SiliconNigeria

Huawei announced revenues of CNY 454 billion for the first half of 2020, up 13.1 percent from a year earlier.

The figures suggest a strong recovery in the second quarter, after the company earlier reported only 1.4 percent growth in Q1. The company said its net profit margin was 9.2 percent in the first half, compared to 7.3 percent reported for Q1. 

Huawei’s carrier, enterprise, and consumer businesses achieved revenues of respectively CNY 159.6 billion, CNY 36.3 billion and CNY 255.8 billion. Further details of the results were not released. 

Huawei said the Covid-19 pandemic had underlined the crucial role of ICT, not only in combatting the virus, but also as an engine for economic recovery.

While not referring directly to the US-imposed restrictions against the company, Huawei said the “complex external environment makes open collaboration and trust in global value chains more important than ever”.

The company said it would continue to fulfill its obligations to customers and suppliers, “and to survive, forge ahead, and contribute to the global digital economy and technological development, no matter what future challenges the company faces.”

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