Technology

China tech giant Huawei says profits fell 69% in 2022

China tech giant Huawei says profits fell 69% in 2022

Huawei’s profits fell almost 69 percent last year, the company said Friday, as US sanctions and international economic uncertainty bit into the Chinese tech giant’s earnings. The company generated 35.6 billion yuan ($5.2 billion) in net profit in 2022, it said, down 68.7 percent from a record 113.7 billion last year. “In 2022, a challenging […]
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Nigerian active mobile subscribers over 222m, internet over 154m – NCC

Nigerian active mobile subscribers over 222m, internet over 154m – NCC

By Ibrahim Hassan, Kaduna  The Nigerian Communications Commission (NCC) has said that the current number of active mobile subscriptions in the country reached about 222,571 million at December 2022 and Teledensity of 116.60 per cent as at December 2022.  Also, Internet subscribers have exceeded 154.8 million with broadband penetration standing at 47.36 per cent as […]