Connect with us

Business

OPPO unveils new A78 with superior technological capabilities

Published

on

OPPO unveils new A78 with superior technological capabilities*

OPPO unveils new A78 with superior technological capabilities

 

OPPO today announced the launch of the new OPPO A78 in Nigeria. Featuring significant upgrades with its FHD+ AMOLED Display, Dual Stereo Speakers, lightning-fast 67W SUPERVOOCTM flash charge and long-lasting 5000mAh large battery, intelligent and secure ColorOS 13.1 and more. The A78 is built to deliver seamless and smooth performance for up to four years. Enhancing this exceptional performance is a visually stunning Ultra-Slim Retro Design with an industry-first Diamond Matrix Design on the back cover, making the phone an absolute standout in style and functionality.

 

Lightning-fast and reliable charging with a longer-lasting battery

With the composition of the super-fast 67W SUPERVOOCTM Flash Charge and a large 5000mAh battery, the OPPO A78 offers one of the fastest flash charging speeds on any smartphone in its price range. The A78 can be fully charged in just 44 minutes. With this incredible charging speed, it’s even possible to charge the phone to last an entire flight with a quick, last-minute charge before boarding a plane. When fully charged, the long-lasting 5,000mAh battery can provide 27.4 days of standby (flight mode) or 16.37 hours of YouTube video, so it can easily last an entire day of average use.

OPPO has also introduced a series of exclusive technologies designed to enhance charging safety and reliability on the A78. OPPO’s Battery Health Engine helps to extend the A78’s battery lifespan to as many as 1,600 charge and discharge cycles, which is enough to keep the battery working in a good condition for up to four years. Optimized All-Day Charging intelligently learns users’ daily charging habits and adjusts the charging speed accordingly. For office workers who often leave their phones connected to a charger throughout the day, Optimized All-Day Charging can automatically stop charging the battery when it reaches 80% capacity and then resume charging to 100% just in time for the end of work. This reduces constant charging of the battery to improve safety and overall battery longevity. On top of this, 5-Layer Charging Protection returns to the A78 to improve end-to-end safety across the entire charging process.

 

A more immersive audio-visual experience

The OPPO A78 is the first OPPO A series phone to feature an FHD+ AMOLED screen that can be rarely seen in its price range. The 6.4” screen has a 90Hz refresh rate and up to 180Hz touch sampling rate to provide enhanced smoothness and responsiveness. With up to 600 nits’ overall brightness, the screen delivers incredible detail even in direct sunlight, while the smart adaptive backlight helps provide the most comfortable visual experience in different environments to reduce visual fatigue from prolonged viewing. The display also includes the first In-Display Fingerprint Unlock on a smartphone at this price range, offering a better balance between aesthetic design and efficiency.

Alongside the fantastic visual experience, the A78 provides more immersive and crystal-clear surround sound through its Dual Stereo Speakers and Real HD Sound 3.0, delivering optimal sound adjusted for different scenarios such as music, video, and gaming. For users who like to turn things up a notch, Ultra Volume Mode can boost sound volume by as much as 200%, making it easier to hear music or the phone ringing in even the noisiest of places. When making voice calls, the earpiece volume can be further increased by 3dB without impacting audio quality, so users can clearly hear their conversations at all times.

In terms of camera, the A78 is equipped with a camera system including a 50MP main camera and a series of new features that make it easier than ever to capture stunning photos and videos. For example, Dual-View Video can be used to shoot from both the front and rear cameras simultaneously and combine the footage into a single frame, unlocking new perspectives in shooting creative vlogs.

 

Stay smooth for up to four years

The A78 is powered by the Snapdragon® 680 Mobile Platform, delivering powerful performance with optimized power consumption built for everyday tasks. The phone features an 8GB RAM + 128/256GB ROM configuration with up to 1TB of additional storage through the SD card slot. It also includes OPPO’s RAM Expansion technology, which can be used to temporarily convert free ROM space into a maximum of 8GB of RAM to keep the phone running smoothly during heavy-load scenarios.

At the system level, OPPO’s self-developed Dynamic Computing Engine uses parallel computing technology to optimize the scheduling and recovery of computing resources to boost overall speed and stability. On the A78, the Dynamic Computing Engine can increase app opening speeds by as much as 1.42%. It also helps to keep up to 19 apps running in the background at the same time without any noticeable lag.

Thanks to all these optimizations, the A78 provides silky-smooth performance for up to four years, ensuring users can enjoy a longer-lasting smooth experience compared with other smartphones at a similar price point.

An enhanced Ultra-slim Retro body with industry-first Diamond Matrix Design

The A78 is available in two fresh, trendy color finishes – Aqua Green and Mist Black. Inspired by water, the Aqua Green A78 uses a double-layer process to superimpose an industry-first Diamond Matrix Design atop a water green base layer. The result is a vibrant, energetic color that sparkles like diamonds floating on a delicate surface of jade water to create a uniquely exquisite appearance. Mist Black meanwhile adds a touch of yellow-green to a pure black color base to introduce a sense of dimensionality to the phone.

The A78 inherits the same iconic Ultra-Slim Retro Design as previous models in the OPPO A series with the introduction of several new upgrades. The 2.5D right-angled middle frame and smoothed edges give the phone an integrated sleek and lightweight appearance while also making it more comfortable to hold. Even with its large 5000mAh battery, the A78 continues the same slim and lightweight design of the Reno series, measuring as little as 7.93 mm in thickness and weighing only 180 g to make it the thinnest phone with a 5000mAh battery in its price range.

 

Alongside these design upgrades, the A78 also features enhanced quality and durability. The phone has been put through some of the most rigorous durability tests in OPPO’s lab to make sure that it is ready to stand up to the challenges of everyday life. It is also rated IP54 waterproof, meaning it won’t be phased by regular splashes and spills.

A smarter and more private ColorOS 13.1

ColorOS 13.1 on the A78 is designed for enhanced convenience and privacy. Among the new features in the latest ColorOS is Screen Translate, which uses Google Lens to translate the content of an entire screen with just one click from the sidebar. With support for intelligent translation between 105 languages, Screen Translate can even be used to translate image-based text. Auto Pixelate can automatically recognize and pixelate sensitive information like profile photos and names on chat screenshots with just one click.

Further to this, ColorOS 13.1 includes an updated Private Safe that has been upgraded with the Advanced Encryption Standard (AES) to keep private files encrypted and stored in a private directory with a higher level of security. 5-Grade Access Control has also been added to give users complete control over who can see their data and when.

OPPO A78 device is available for purchase at authorized retail stores across the country from N188,000. OPPO A series has developed a reputation over the years for offering great features at accessible price points and this Qualcomm CPU-powered device is not different.

 

OPPO unveils new A78 with superior technological capabilities*

Business

PRESIDENT TINUBU CONGRATULATES DR ADEDUNTAN, AS FIRST BANK CELEBRATES EX-GROUP CEO

Published

on

PRESIDENT TINUBU CONGRATULATES DR ADEDUNTAN, AS FIRST BANK CELEBRATES EX-GROUP CEO

STATE HOUSE PRESS RELEASE

PRESIDENT TINUBU CONGRATULATES DR ADEDUNTAN, AS FIRST BANK CELEBRATES EX-GROUP CEO

President Bola Ahmed Tinubu congratulates Dr Adesola Adeduntan, the retired Group Chief Executive Officer of First Bank Nigeria Limited, for his exceptional service at Nigeria’s oldest bank.

In celebration of Adeduntan’s remarkable tenure, the 130-year-old First Bank will host a special send-off ceremony this weekend, expressing gratitude for his contributions over the past nine years.

President Tinubu commends him for steering the bank through transformative growth, which includes expanding customer accounts from 10 million to over 42 million and elevating Profit Before Tax from N10 billion in 2015 to an impressive N300 billion in 2023.

These milestones, the President said, reflected Adeduntan’s visionary leadership and commitment to excellence.

The President expresses his appreciation for Adeduntan’s willingness to serve the nation in various pivotal roles, including his contributions to the Nigerian Economic Summit Group and other prominent institutions. His extensive expertise in the financial sector has significantly bolstered Nigeria’s economic landscape.

President Tinubu also lauds the bank’s solid internal management ethos, which is responsible for the seamless transition from Adeduntan to the current CEO, Olusegun Alebiosu.

President Tinubu wishes Dr. Adeduntan continued success in all his future endeavors.

Bayo Onanuga

Special Adviser to the President

(Information & Strategy)

November 1, 2024

 

Continue Reading

Bank

ZENITH BANK DELIVERS REMARKABLE TRIPPLE-DIGIT GROWTH IN GROSS EARNINGS AS PBT HITS N1.0 TRILLION IN Q3 2024  

Published

on

Zenith Bank Enhances E-Channel Services for Customers

ZENITH BANK DELIVERS REMARKABLE TRIPPLE-DIGIT GROWTH IN GROSS EARNINGS AS PBT HITS N1.0 TRILLION IN Q3 2024

 

Zenith Bank Plc has announced its unaudited results for the third quarter ended 30 September 2024, recording a remarkable triple-digit growth of 118% from N1.33 trillion reported in Q3 2023 to N2.9 trillion in Q3 2024. This performance underscores the Group’s resilience and market leadership in spite of the challenging macroeconomic environment.

 

According to the Bank’s unaudited third quarter financial results presented to the Nigerian Exchange (NGX), the triple-digit growth in the topline also led to an increase in the bottom line, as the Group recorded a 99% Year on Year (YoY) increase in profit before tax, growing from N505 billion in Q3 2023 to N1.0 trillion in Q3 2024.  Profit after tax equally grew by 91% from N434.2 billion to N827 billion in the same period.

 

The growth in the topline was driven by the expansion of both interest income and non-interest income. Interest income saw a notable 190% rise to N1.95 trillion, attributed to the high-yield environment. Non-interest income rose by 41% to N856 billion, bolstered by substantial growth in fees and commissions, which highlights the strength of Zenith Bank’s retail growth and the robust performance of its digital channels during the reporting period. The robust increase in profitability reflects the Bank’s focus on operational efficiency and strong risk management practices. Earnings per share (EPS) nearly doubled, rising to N26.34 from N13.82 in Q3 2023, underscoring Zenith Bank’s strong value creation for shareholders.

 

The Bank’s balance sheet grew significantly, with total assets growing by 49% to N30.4 trillion, largely supported by customer deposits, which rose by 42% to N21.6 trillion. This growth in deposits was broad-based across corporate and retail segments, highlighting the Bank’s deepening reach and customer loyalty. Gross loans increased by 46% to N10.3 trillion, underscoring the commitment to supporting strategic sectors in the economy.

 

Capital adequacy ratio remained strong, improving to 21.9%, well above regulatory requirements. The return on average equity (ROAE) stood at 37.8%, up from 35.1%, while return on average assets (ROAA) also improved to 4.3% as Zenith Bank maximized its asset base. Cost of funds increased to 4.3%, reflecting the broader market trend of rising interest rates, while the cost of risk was maintained at 7.3%, underscoring the Bank’s proactive approach in provisioning for credit risk. The Bank’s cost-to-income ratio rose to 39.5%, reflecting the impact of strategic investments in technology and capacity building aimed at supporting long-term growth, even as it continues to strive for greater operational efficiency.

 

Zenith Bank’s asset quality remains a cornerstone of its strength, with a non-performing loan (NPL) ratio of 4.5%, within regulatory limits. A high coverage ratio of 198.4% underscores the Bank’s disciplined approach to risk management, positioning it for resilience in the face of market volatility while supporting stable loan growth.

 

Zenith Bank remains steadfast in its commitment to sustainable growth and value creation. The Bank launched a capital raise program on August 1, 2024, consisting of a combined Rights Issue and Public Offer. This capital raise was driven by the Central Bank of Nigeria (CBN)’s recapitalization directive for commercial banks issued in March 2024. While the Bank awaits final capital verification approvals from authorities, the fundraising exercise was successful, reflecting strong confidence in Zenith Bank’s brand.

 

The additional capital will enhance the Bank’s ability to expand its product offerings, deepen its penetration in strategic sectors, boost lending to the real sector and pursue its African and global expansion plan.  In furtherance of this, the Bank in September 2024 received regulatory approval for the establishment of a Zenith Bank branch in Paris, France, which is fully operational and will enhance the Bank’s product offerings in international markets.

 

With a strengthened capital base, Zenith Bank is well-positioned to navigate the evolving economic landscape, while putting best-practice sustainability standards at the heart of its business. The Bank will also continue to prioritize opportunities that enhance stakeholder value and a strong compliance and corporate governance culture, which will reinforce the its leadership position within Nigeria’s financial sector and drive long-term growth.

Continue Reading

Business

IPMAN: Setting the Record Straight

Published

on

Fueling Uncertainty: Investigating Nigeria's Subsidy Removal And Dangote Refinery Debacle* By Sylvester Audu

IPMAN: Setting the Record Straight

 

The Dangote Petroleum Refinery wishes to clarify that it has not received any payments from the Independent Petroleum Marketers Association of Nigeria (IPMAN) to purchase refined petroleum products.

IPMAN: Setting the Record Straight

Although discussions are ongoing with IPMAN, it is misleading to suggest that they (IPMAN Members) are experiencing difficulties loading refined products from our Petroleum Refinery, as we currently have no direct business dealings with them. Consequently, we cannot be held responsible for any payments made to other entities.

The payment in mention has been made through the Nigerian National Petroleum Company Limited (NNPCL), and not us. In the same vein, NNPCL has neither approved, nor authorised us to release our Premium Motor Spirit (PMS) to IPMAN.

We would like to emphasise that we can meet the nation’s demand for all petroleum products, including petrol, diesel, and aviation fuel. At present, we can load 2,900 trucks per day and we have also been evacuating petroleum products by sea. We advise IPMAN to register with us and make direct payment as we have more than enough petroleum products to satisfy the needs of their members.

Furthermore, we believe it is instructive for all stakeholders to refrain from making unfounded statements in the media, as that could undermine the economic re-engineering efforts of His Excellency, President Bola Ahmed Tinubu. Conducting business through public speculation is counterproductive and unpatriotic.

In the interest of our country, we encourage all stakeholders to collaborate and heed the advice of President Tinubu, while promoting a unified approach, rather than engaging in media conflicts and needless propaganda.

Continue Reading

Cover Of The Week

Trending