News
Smartphone Production to Drop in Q1 of 2019

The global smartphone production volume for the first quarter of 2019 (1Q19) will come to 307 million units, showing a 10% year-on-year (YOY) drop, according to TrendForce.
Although there has been a decline in the price of components, TrendForce says smartphone makers have set modest production targets due to the lower-than-expected sales in the previous quarter.
TrendForce’s quarterly prediction appears to mirror its earlier estimates that the overall outlook in the global smartphone market will remain weak in 2019.
“The latest first-quarter production figures from the major smartphone makers indicate the top six brands by production volume for 1Q19, in order, will be Samsung, Huawei, Apple, Xiaomi, OPPO and Vivo.”
The market research firm highlights that Samsung, which is still the market leader, began adjusting its product strategy in the second half of 2018 to challenge the Chinese brands head-on in the market segment for economically priced but high-spec devices.
As a result, TrendForce expects Samsung’s total volume for 1Q19 will reach 70 million units.
“In the future, Samsung is expected to raise the production of the Galaxy A devices so that they will gradually substitute the Galaxy J devices as the brand’s mainstream offerings. In emerging markets such as India, Samsung plans to heavily promote the newly established Galaxy M series that feature large-capacity batteries.
“These actions, taken together, imply Samsung is redefining its brand image to adapt to the challenges from the Chinese rivals and maintain its advantage in market share.”
Despite the market pressure, Huawei will continue to perform well, says TrendForce. Last year, Huawei rose in global rankings by ousting Apple to become the second biggest smartphone maker.
“Its total production volume for 1Q19 is forecast to increase by nearly 10% YOY to 46 million units. Besides having extensive product lines and establishing a strong presence in overseas markets, Huawei has also succeeded in wresting market share away from iPhone in the high-end segment in China with its P and Mate series.”
TrendForce believes the US-China trade war is likely to bear some influence on Huawei’s smartphone business. “In Europe, Huawei’s presence as a provider of telecom equipment has also come under suspicion. These issues will likely have some adverse effects on Huawei’s performance in the smartphone market.”
The Apple brand, according to TrendForce, will be in third place of the production ranking in 1Q19.
Based on its performances in the first quarter so far, TrendForce expects Apple’s total iPhone production volume for the period will come to just 41.5 million units, registering a YOY decline of nearly 26%.
“Apple has been reported to have consistently marked down their iPhone production targets since 4Q18 in order to control its inventory. To stimulate purchases, the company has also lowered the prices of the latest models for some regions in the current quarter.
“Apple’s pricing strategy as a whole is not conducive to driving iPhone sales in the present market environment. Furthermore, the sales ban on older iPhone models in China will deny Apple a sizable portion of consumer demand.”
After eight consecutive quarters of growth, Chinese smartphone brand Xiaomi’s smartphone production registered its first decline in 4Q18, falling to 30 million units, says TrendForce.
For 1Q19, Xiaomi’s smartphone production is expected to drop, with total volume falling by 12% YOY to around 26 million units.
“The greatest challenge faced by Xiaomi currently is the lack of R&D into cutting-edge technologies and too much focus on low-price devices with thin margins. On one hand, Xiaomi has to rely more on marketing to drive sales of devices. On the other hand, thin margins can limit the profit gains that can be ploughed back to R&D. The situations result in more resources going to marketing and less going to R&D, forming a vicious circle.”
The research firm notes Xiaomi is trying to remedy the aforementioned problems by recruiting more R&D talent and adjusting the market positioning of its subsidiary brands to retain overall market share.
News
New Horizons Invests N50m to Empower Almajiris with Skills

New Horizons Nigeria has launched a N50 million initiative aimed at transforming 21 Almajiri children into skilled computer technicians within 90 days, to tackle youth unemployment and harness human potential.

The Almajiri-to-Tech programme, officially launched in Abuja on Monday, provides participants with full training, meals, clothing, tools, and logistics support, all fully funded.
Speaking at the launch, the Chief Executive Officer of New Horizons, Tim Akano, said the programme represents a new journey in the history of Nigeria by restoring the original purpose of the Almajiri system, which he described as “children sent out to seek knowledge.”
“The word Almajiri comes from an Arabic term meaning emigrant and seeker of knowledge. Historically, children were sent to learn morals, responsibility, and skills to add value to society,” Akano said.
He added that the disruption of this system during colonial times forced many children onto the streets, a challenge that persists today.
Akano highlighted the urgency of addressing the Almajiri issue, noting that there are an estimated 15 million Almajiris in the country, with a population growth rate of around three per cent annually.
“If we do not solve this problem as a country, we are sitting on a time bomb,” he warned.
According to him, the programme focuses on hands-on technical skills rather than theory. Trainees will learn to repair mobile phones, laptops, televisions, radios, standing fans, and other electronic devices, as well as build inverter batteries using recycled electronic waste.
“We are not teaching theory. We are teaching practical skills you can use to earn a living,” Akano said, stressing that the programme will not interfere with the participants’ Quranic education.
“We are still going to allow you, within the period of learning. Your learning computer here is not stopping your Quranic education.
“You still have time within our space here. Whenever you want to go and pray, you can pray, then come back to class,” the CEO stressed.
He added that participants will also receive daily meals, water, T-shirts identifying them as technicians-in-training, and access to all necessary tools and equipment throughout the 90-day programme.
Akano said the initiative is part of a larger mission by New Horizons Nigeria, which has spent the past 21 years training about 100,000 Nigerians annually in IT and related skills.
He said the new programme aims to “take human genius off the streets and convert it into human capital, enabling these youths to contribute meaningfully to the economy.”
He added that equipping Almajiris with skills could add 15 million people to Nigeria’s workforce and potentially increase the country’s GDP by as much as $20 billion, stressing that productivity depends on practical skills and opportunity.
“Everything that can be taught can be learned. If someone can memorize the Quran cover to cover, there is nothing that cannot be done. What they lack is information, opportunity, and infrastructure, and we are providing all of that,” Akano said.
Akano also stressed that the initiative is designed to inspire other organizations and government agencies to replicate similar programmes across the country.
“This is not just about 21 children; it is about showing Nigeria what is possible when resources meet intention and planning.
“If we succeed in empowering these Almajiris, we demonstrate that the country can turn social challenges into economic opportunities. It’s a blueprint for Nigeria’s future,” he said, noting that the initiative combines social reform, technical education, and economic empowerment.
Also speaking, one of the trainees, Fatima Umar, appreciated the organisers and promised to maximise the opportunity.
“We’ll make you proud of us. We have nothing to say here but to thank and appreciate you. May Almighty Allah continue to guide and protect you,” Umar said.
News
IMF Upgrades Nigeria’s 2026 Growth Projection to 4.4%

International Monetary Fund has upgraded Nigeria’s 2026 economic growth projection to 4.4 per cent, reflecting improved macroeconomic stability and sustained reforms.

IMF
The January 2026 World Economic Outlook Update forecasts Nigeria’s growth trajectory at 4.1 per cent in 2024, 4.2 per cent in 2025, and 4.4 per cent in 2026—a 0.2 percentage point increase from the October 2025 estimate.
This aligns with sub-Saharan Africa’s projected 4.6 per cent expansion in 2026 and 2027, driven by regional stabilisation efforts.
Globally, the IMF anticipates 3.3 per cent growth amid resilient conditions tempered by trade policy shifts and technology investments. For Nigeria, declining energy prices—expected to fall seven per cent due to weak demand—pose risks, though OPEC+ coordination and China’s stockpiling provide support.
Despite the optimism, downside risks persist from Middle East and Ukraine tensions, protectionism, high debt, and fiscal deficits. The Fund recommends rebuilding fiscal buffers, ensuring central bank independence, and limiting temporary fiscal measures to maintain stability.
Nigeria’s success hinges on consistent reforms and resilience against domestic and global shocks, the IMF concluded.
News
Nigeria’s Crude Output Falls to 1.486mbpd in November – OPEC

Organisation of Petroleum Exporting Countries (OPEC) reports that Nigeria’s crude oil production, excluding condensate, dropped by 0.7 per cent to 1.486 million barrels per day (mbpd) in November 2025 from 1.496 mbpd in October.

OPEC
The figure, drawn from secondary sources in OPEC’s December 2025 Monthly Oil Market Report, fell short of Nigeria’s 1.5 mbpd quota. Direct communication data showed output at 1.436 mbpd, up from October’s 1.401 mbpd, but still below target.
Nigeria produces around 196,028 bpd of condensate, excluded from quota calculations per Nigerian Upstream Petroleum Regulatory Commission figures. Year-on-year, November’s output marked a slight gain over 1.417 mbpd in November 2024.
Expert Cites Insecurity, Governance Gaps
Petroleum economics expert Wumi Iledare described the quota miss as unsurprising, blaming persistent insecurity, an ageing oil basin lacking new finds, and unoffered hydrocarbon blocks. Governance shortcomings and policy uncertainty further erode investor confidence, he noted.
Selective implementation of the Petroleum Industry Act worsens the situation, with Nigeria needing a single authoritative leader for the sector rather than multiple proxies, Mr Iledare stressed. The country has struggled to consistently hit OPEC targets for years.
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