Connect with us

Uncategorized

LG Pushes Smart Home Appliances with Stabilizer Free, Non Plumbing and Auto Restart

Published

on

Kindly share this post

To advance the functionality of today’s home appliances to a whole new level, LG Electronics is set to deliver an unparalleled level of performance and convenience into the home with enhanced features to present consumers with a more enriching smart home experience.

Adding to an already comprehensive list of features, these home appliance models demonstrate LG’s commitment to giving consumers more choice and helping them to save cost and spend less on its Refrigerators and Washing Machines.

Appliances are evolving to suit consumer needs as they appear, and the most innovative manufacturers are the ones that are able to predict user trends and meet their demands before they arise. Time and time again, LG Electronics has established a reputation as a company that is unafraid to push the boundaries of innovation and challenge convention.

With the technological advancements in today’s refrigerators, consumers have come to hold these products to a higher standard. And to meet the expectations of today’s demanding consumers, appliance makers are focusing more than ever on enhancing convenience by improving usability and accessibility.

One unique feature is the Stabilizer Free Operation on LG Refrigerators and as the name suggests, refrigerators with stabilizer-free operation features save you from spending extra money in buying a separate stabilizer for your refrigerator. This is made possible by the special type of compressor.

Refrigerators with this feature will protect your appliance from fluctuation. The Compressor in LG Refrigerator has: Better Energy Efficiency Ratio, Consumes less power and Can operate at voltages as low as 135V and as high as 290V and eliminates the need of a Stabilizer. Having a reliable stabilizer free operation can substantially reduce the chances of damage due to voltage fluctuation.

Addressing power issue in the continent of Africa, more than 1 billion tons of food, according to study is wasted annually in the continent, due to poor storage facilities and limited cold storage.

Refrigerator is one of the most needed appliances in every home because of its function in preserving, storing and keeping food items cool and fresh, consumers now look for refrigerators that are durable, spacious, fast cooling and most importantly backed with warranty.

Mr. Brian Kang, the General Manager, Home Appliances Division, LG Electronics West African Operations, said “At LG, we understand that durability is just as important as strong performance. A large range of our products are backed by 10-year warranty on the Compressor, ensuring worry-free operation year after year.

“A close monitoring of day to day market activities on why consumers buy a particular Refrigerator has shown that warranty period is a strong factor.

“Backed with  10-year warranty in linear compressor in its  Refrigerator segment, LG Electronics appears to have become the consumers delight in African market as a result of the durability of most of its products particularly the refrigerator that comes in various forms like; Side by Side, Door-in-Door, Top Freezer refrigerator just to mention a few”, he said.

Superb Energy Savings with LG’s Revolutionary Inverter Linear Compressor with an incredible Total No Frost energy grade rating of A+++ -20%, LG’s bottom-freezer refrigerators are industry leaders in efficiency.

This can be attributed to its advanced Inverter Linear Compressor, which employs a straight piston drive instead of a conventional reciprocating drive, resulting in less internal friction, higher reliability, greater durability with less noise. In tests conducted by VDE,

LG refrigerators featuring Inverter Linear Compressor technology proved to be approximately 32 percent more energy efficient than those equipped with conventional reciprocating compressors, contributing significantly to lower electricity bills. VDE also noted that LG’s refrigerator was up to 25 percent quieter compared to another refrigerator powered by a reciprocating compressor.

The LG Chest Freezer comes with 10 year warranty on its compressor as well; one of its unique feature is the blast freezing; this feature makes “30% faster freezing speed” enables even and fast circulation of cool air inside the freezer due to the in-built fan.

On LG Washing Machine, A unique feature is the Auto Restart feature. Explore the Front and Top Load Automatic Washing Machine with Auto Restart where it will restart automatically from the position it stopped at. Don’t worry during sudden power failure, LG Automatic Washing Machine will continue from where it stopped and save your energy and time.

LG InstaView Refrigerator features a Non-Plumbing Dispenser. Live with less limitations and enjoy a hassle free life by getting the innovative LG InstaView Door-in-Door™ refrigerator with non-plumbing dispenser technology and make it a part of your home.

In this line, refrigerators with InstaView Door-In-Door technology have an additional door with a glass that when you knock twice allows you to see inside of the refrigerator. Without opening the door, you can easily and quickly access food, reducing the loss of cold air from the device and promoting its good performance.

Its integrated four liter water tank allows you to get fresh water and is a compatible addition to every kitchen. For LG InstaView Refrigerators, No plumbing needed; ultimate convenience and ease of use, No need to change filters; less hassle and cost than plumbed refrigerators, No hoses on view; position it anywhere to suit your kitchen and lifestyle, No need for a Plumber; easily take your appliance with you when you move. Peace of mind is guaranteed as your water and ice is clean and fresh.

LG Electronics is currently committed to efficient products that generate significant energy savings. A refrigerator is a device that is constantly connected to power. It is worth taking advantage of innovative solutions, whose task is to save energy as much as possible.

Modern refrigerators are equipped with a cooling system that allows maximum reduction of electricity consumption, which translates into a reduced electricity bill.

It is important to ask ourselves how we can achieve greater efficiency with our home products; aiming to improve our quality of life, reduce pollution and lower the cost of basic utility bills at the end of the month. Especially now in a pandemic, where you spend more time at home.

“The key is to spend the least amount of resources to obtain the same benefits, without neglecting the quality of life of people. It is important to make the most of energy so as not to use it unnecessarily. This depends strictly on us, since habits in the home will determine whether or not it is possible to carry out responsible consumption and reduce energy dependence”.

LG’s commitment to developing core features such as the Stabilizer Free, Auto Restart Feature and the Non Plumbing system is a key element of the success of LG Refrigerators and Washing Machines all over the world.


Kindly share this post

Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

Uncategorized

Banks Close 2m Accounts over BVN, NIN, Others

Published

on

Kindly share this post

Commercial banks in Nigeria closed 2.021 million bank accounts in the first quarter of 2024, Q1’24, to clean their books of questionable accounts and comply with regulatory orders on the linkage of bank accounts to the National Identity Number (NIN).

Banks Close 2m Accounts over BVN, NIN, Others

This is contained in a report by the Nigerian Interbank Settlement System (NIBSS), which also indicated that the number of inactive bank accounts grew month-on-month, MoM, by four million or 2.0 per cent to 19.7 million in March 2024 from 19.3 million in the previous month, February.

A bank account is classified inactive when it records zero transactions including deposits, withdrawals, transfers or point-of-sale transactions for six months.

However, details of the “Industry Bank Account Database”, a monthly data reported by banks, and compiled by the Nigerian Interbank Settlement System, NIBSS, also indicated that the number of active bank accounts grew by 6.62 million or 3.0 per cent to 219.64 million from 213.02 million in February.

Recall that in December 2023, the CBN issued a directive to all commercial banks in the country to restrict tier-1 accounts without proper Biometric Verification Number (BVN), and National Identity Number, NIN, that are not linked by Thursday, March 1st, 2024.

According to NIBSS data on BVN enrollment count, 61.6 million Nigerians have BVN as of April 2024.

 

Credit: Vanguard

 

 


Kindly share this post
Continue Reading

Uncategorized

Dubai-Based Citizenship Firm Imperial Citizenship Expands to Lagos, Targets Africa’s Growing Wealth

Published

on

Kindly share this post

Imperial Citizenship, a Dubai-based firm specialising in Citizenship and Residency by Investment (CRBI) solutions, has set its sights on Africa’s burgeoning wealth with the launch of a new office in Lagos, Nigeria.

This strategic move positions Imperial Citizenship to capitalise on the continent’s growing population of high net worth individuals (HNWIs) seeking international investment and mobility options.

Imperial Citizenship boasts a proven track record of success, having secured over 2,000 approvals for clients seeking alternative citizenship and residency pathways. Their partnerships with over 15 governments worldwide provide a diverse portfolio of investment opportunities that adhere to strict international regulations.

With its Lagos launch, Imperial Citizenship begins its foray into Africa. The continent boasts a burgeoning HNWI population, according to PwC, presenting a lucrative market for investment firms like Imperial Citizenship.

According to the World Bank, African economies are projected to grow by 3.4 % in 2024 as the African Development Bank Africa has reported that Africa will account for eleven of the world’s 20 fastest-growing economies in 2024. Highlighting the market’s potential, Mr. Zaid Al Hindi, Founder and CEO of Imperial Citizenship, says, “our expansion into Lagos allows us to directly cater to this affluent segment, offering them strategic solutions for global asset diversification, optimised investment opportunities, and enhanced global mobility.”

“At Imperial Citizenship, we do not operate through intermediaries, as we differentiate ourselves through direct government partnerships. This ensures transparency, legality, and efficiency throughout the application process, providing peace of mind for investment-minded clients” Zaid stated during the launch event in Lagos.

Speaking on the company’s approach to CRBI, Zaid mentioned, “At Imperial Citizenship, we prioritise a client-centric approach. We go beyond simply offering programs; we provide dedicated advisors who understand the unique needs and aspirations of each client. This personalised service ensures clients receive tailored investment options that align with their financial goals and risk tolerance”.

The launch of the Lagos office underscores Imperial Citizenship’s commitment to global expansion. With physical offices in Dubai and now Nigeria as well as operational representatives in Mexico, Algeria, and Turkey, Imperial Citizenship demonstrates its ability to cater to a geographically diverse clientele.

Looking ahead, Zaid highlighted that Imperial Citizenship plans to broaden its service offerings and expand its reach into new markets. By strategically targeting Africa’s rising wealth, Imperial Citizenship is well-positioned to solidify its role as a leading player in the CRBI industry, offering investors a gateway to global opportunities.


Kindly share this post
Continue Reading

Uncategorized

234Finance Moves to Boost Economic Progress in South East

Published

on

Kindly share this post

In a recent gathering, organized by 234Finance, key stakeholders and HNIs came together to discuss the theme “Fueling Progress in the South East.”

The conversation highlighted the rich heritage, entrepreneurial spirit, opportunities for growth and the potential of the South East to be economic powerhouse.

During the discussion, the Managing Partner of 234Finance, Ezinne Nwazulu unveiled plans for an upcoming event of significant impact: the 4-week intensive SME Bootcamp and Mentor Matchup Challenge South East edition designed to empower SMEs. The program aims to empower SMEs with the knowledge, tools, and capital for rapid expansion and global competitiveness.

This initiative is building on the success of previous Mentor Matchup Challenge events, which equipped SMEs with actionable strategies and one-on-one mentorship, resulting in winners of the pitching competition securing grant funding to scale their businesses by 4x-10x.

The SME Bootcamp will feature an array of activities, including physical and virtual training sessions, onsite industrial training, and a pitching competition.

Ezinne Nwazulu emphasized the rigorous selection process, where the top 100 applicants meeting the criteria will undergo intensive training at two training centres in Abia and Anambra. From there, the most promising 15 participants will have the opportunity to pitch their business for grant funding.

Dr Chima Anyaso, Chairman of Caades Group, expressed his commitment to the region’s development and encouraged entrepreneurs with innovative crafts to seize this opportunity.

Criteria for selection are uncompromising, emphasizing technical expertise in core sectors; Agribusiness, Manufacturing, Supply Chain & Logistics, Fashion & Textile, and Retail, with a particular focus on businesses operating within the South-East region for at least three years and significant growth potential of 4x-10x.

The Bootcamp is set to commence from May 14 to June 14 2024 with Southeast-based entrepreneurs encouraged to visit the 234finance bootcamp to apply.


Kindly share this post
Continue Reading

Trending