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    Tinubu signs Electricity Act of 2023; States to generate, transmit and distribute electricity

    October 1, 2023: President Tinubu’s full speech on Independence Day

    “CBN plans to shut down financial transactions” – Apex Bank warns of fake news

    CBN assigns roles to new deputy governors

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    NLC, TUC declare nationwide indefinite strike

    NLC, TUC declare nationwide indefinite strike

    Nigeria declares Wednesday public holiday to celebrate Eid-ul-Maulid

    Nigeria declares Wednesday public holiday to celebrate Eid-ul-Maulid

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
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    Headline Inflation in Nigeria rose to 22.04% in March

    Food prices continue to soar in Nigeria as inflation hits 25.80%

    NERC hikes electricity meter price by 40%

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    Student Loan Act: How to apply for the loan, all you need to know

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    Student Loan Act: How to apply for the loan, all you need to know

    FG establishes ‘Infrastructure Support Fund (ISF) for the 36 States of the Federation’

    Headline Inflation in Nigeria rose to 22.04% in March

    Inflation in Nigeria rises to 22.79% in June 2023

    CBN extends Naira 4 Dollar Scheme for diaspora remittances until further notice

    CBN includes Naira as payout option for diaspora remittance

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    NGX Daily Equities Market Report: Market gains for third consecutive days

    Nigerian Exchange: Stock Market report for week ended 22 September 2023

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    Equities Market Recorded Gains… As NGX-ASI Grows Marginally By 0.02%

    JUST IN: BUA reduces price of cement to N3,500 per bag

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    Dr. Cardoso assumes duty as CBN acting Governor

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    AIICO Board of Directors approve Dividend Payment and  2021 Financial Statements

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    Zenith Bank Plc reports N291.73bn profit for Half-Year 2023

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    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

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    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

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    North-West, South-West lead as INEC registers 96.2 million, Rivers overtakes Katsina

    ELECTION: How to check your polling unit, code online

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UK bans Huawei from its 5G Networks

Tuesday, 14 July 2020, 5:07 pm
in News, World
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UK Government to Borrow £225 billion  in 4 Months
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HUAWEI will be completely removed from the UK’s 5G networks by the end of 2027, the government has announced, following new advice produced by the National Cyber Security Centre (NCSC) on the impact of US sanctions against the telecommunications vendor.

This according to a press release by the Department for Digital, Media & Sport, National Cyber Security Centre and Digital Secretary Oliver Dowden on Tuesday, 14 July 2020. Dowden also stated these while speaking at the Parliament on Tuesday.

The government has also placed a ban on buying of new Huawei 5G equipment after 31 December 2020.

UK ousting of Huawei from its 5G network follows similar action from the U.S. United States had blacklisted Huawei, saying that the company pose a national security threat. The U.S in May imposed sanctions on the company, which will create uncertainty in the tech giant’s supply chain.

According to Dowden, “the UK can no longer be confident it will be able to guarantee the security of future Huawei 5G equipment affected by the change in the US foreign direct product rules.”

“Following US sanctions against Huawei and updated technical advice from our cyber experts, the government has decided it is necessary to ban Huawei from our 5G networks,” said UK Digital Secretary Oliver Dowden said.

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“No new kit is to be added from January 2021, and UK 5G networks will be Huawei free by the end of 2027. This decisive move provides the industry with the clarity and certainty it needs to get on with delivering 5G across the UK.

“By the time of the next election we will have implemented in law an irreversible path for the complete removal of Huawei equipment from our 5G networks.

“This has not been an easy decision, but it is the right onefor the UK telecoms networks, for our national security and our economy, both now indeed in the long run

“5G will be transformative for our country, but only if we have confidence in the security and resilience of the infrastructure it is built upon.”

While responding to the move, Huawei said it is “bad news news for anyone in the UK with a mobile phone”. The company threatened to “move Britain into digital slow lane, push up bills and deepen the digital divide.”

Read more; China to start Covid-19 vaccine trial in Brazil

In January, as UK concluded its Telecom Security Review, the government concluded ‘high risk’ vendors should be excluded from the core and most sensitive parts of the UK’s 5G network, restricted to up to a 35 per cent market share in the access network, which connects devices and equipment to mobile phone masts, by 2023.

Written by;

Ifunanya Ikueze

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MTN Nigeria to pay over N200 billion final dividend for 2022

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