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NTA Needs $500m to Compete With CNN—Lai Mohammed

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By Dipo Olowookere

To enable the Nigeria Television Authority (NTA) compete favourably with the likes of the popular Cable News Network (CNN) in the United States of America (USA), the Senate must approve the $500 million loan request in the $29.96 billion external borrowing President Muhammadu Buhari is seeking the parliamentary approval for.

Minister of Information and Culture, Mr Lai Mohammed, informed the Senate Committee on Local and Foreign Debts headed by Mr Clifford Ordia, the national broadcast platform needs this money to upgrade its facilities and operate on a higher level.

According to the Minister, the $500 million would be used to digitalise the station, which prides itself as the biggest television network in Africa.

He told the lawmakers that the loan request will make NTA send out quality signals that would be at par with CNN “because we have the manpower and the technology.

“If this project is approved, there will be more visibility for our people in the music, fashion and film industries.

“In 2014, we made $23 million from music alone and about $53 million in 2019 and we are looking forward to making $83 million in 2025.

“You can imagine the kind of growth we will have if only we digitise all the NTA stations in the country,” Mr Mohammed was quoted by The Guardian as saying.

He added that the project for which the ministry planned to borrow the $500 million was about employment and revenue generation, saying the industry contributes 1.492 to the nation’s Gross Domestic Product (GDP).

He said, “Apart from agriculture, which is the largest employer of labour in Nigeria, especially the youths, the next largest employer of labour is the creative industry,”

According to him, “The International Telecommunication Union (ITU) in 2006 gave June 17, 2015, as deadline for all members of the organisation to migrate from analogue to digital.

“Regrettably, we were unable to meet the deadline along-side most countries in sub-Saharan Africa, the deadline was moved to 2017, which was not reliable and today the target is June 17, 2020.”

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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Discos Restore Power Supply After First National Grid Collapse of 2026

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By Adedapo Adesanya

Gradual electricity restoration has began across the nation after the country’s national grid recorded its first collapse in 2026 on Friday.

The first collapse in 2026 on January 23 came after a similar incident on December 29, 2025, which had caused widespread power outages across the country.

The prevalent grid collapse in the country has been attributed to a combination of technical faults, inadequate maintenance of transmission lines, and fluctuations in generation capacity.

Earlier today, electricity generation dropped sharply from over 4,500 megawatts to as low as 24 megawatts as of 1:30 pm.

Checks showed that all 23 power generation plants connected to the grid reportedly lost output during the incident, resulting in zero power allocation to each of the 11 electricity distribution companies from Lagos to Kano to Abuja.

Officials of the Transmission Company of Nigeria (TCN) had yet to issue a detailed statement at the time of filing this report by 4:40 p.m.

However, a notice from Abuja Electric Distribution Company (AEDC) to customers noted that “gradual restoration of supply” has commenced.

In Lagos State, several streets in the Orelope area of Alimosho Local Government also reported power restoration.

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Google Search Shows Nigerians Prioritizing Ambition, Self-Growth in 2026

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By Aduragbemi Omiyale

A Google Search report has revealed that Nigerians are deploying the platform to make findings on how to get better in 2026 so as to navigate the year seamlessly.

Data showed that in the first two weeks of January, there has been a 40 per cent spike in searches related to self-improvement, entrepreneurial growth and “becoming better” as they search for the tools needed to succeed in every area of life.

A few of the most searches on Google by Nigerians this year have been Starting a blog, Launching a podcast, How to start a business, and Opening a YouTube channel, among others.

For example, How to start a business emerged as the top-searched how to start query this month, seeing a significant 80 per cent increase as Nigerians look to build new ventures and drive economic opportunity.

Investing in the Better Me

Personal growth is a top priority for Nigerians this year, with searches for how to be a good/better person increasing by 20 per cent. This desire for improvement extends into the heart of the home and community, with people searching for ways to be better partners, husbands, wives, and listeners.

A Healthy Start to 2026

Well-being is at the forefront of the national conversation. Nigerians are forming new habits to stay energized, with searches for how to eat healthy and healthy diet rising by 40 per cent. Mental wellness is also gaining momentum, as searches for “how to meditate” spiked by 40 per cent during the same period.

The Quest for Mastery

Whether it is professional development or personal hobbies, the quest for mastery is on. Top mind for many are searches on how to improve communication skills, memory, and even English proficiency. In the world of leisure and skill-based learning, Nigerians are looking to get better at everything from chess and running to singing and even Fortnite.

“These trends are a powerful reflection of Nigeria’s collective ambition and our shared desire to grow.

“We see Search as a cultural mirror that captures the pulse of the nation, and remain committed to ensuring our tools, from Search to Gemini, provide the relevant and helpful insights Nigerians need to navigate their daily journeys and build a more prosperous future,” the Communications and Public Affairs Manager for Google West Africa, Mr Taiwo Kola-Ogunlade, said.

The full list of Searches is below.

Top “how to be a better…” searches

Top “how to improve…” searches

1. How to be a better person

2. How to be a better lover

3. How to be a better girlfriend

4. How to be a better boyfriend

5. How to be a better husband

6. How to become a better writer

7. How to become a better singer

8. How to be a better wife

9. How to be a better kisser

10. How to be a better listener

1. How to improve English

2. How to improve memory

3. How to improve credit score

4. How to improve communication skills

5. How to improve handwriting

6. How to improve eyesight

7. How to improve posture

8. How to improve gut health

9. How to improve concentration

10. How to improve circulation

Top “how to get better at…” searches

Top “how to start…” searches

1. How to get better at Fortnite

2. How to get better at chess

3. How to get better at basketball

4. How to get better at warding League

5. How to get better at singing

6. How to get better at drawing

7. How to get better at pull ups

8. How to get better at math

9. How to get better at running

10. How to get better at soccer

1. How to start a business

2. How to start a blog

3. How to start a conversation

4. How to start a podcast

5. How to start a YouTube channel

6. How to start running

7. How to start an essay

8. How to start a speech

9. How to stop worrying and start living

10. How to start a letter

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Cloover Secures $1.2bn to Build AI Operating System for Energy Independence

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Cloover $1.2bn

By Dipo Olowookere

About $1.222 billion in both equity financing and debt facility has been secured by a pan-European platform building an operating system for energy independence, Cloover.

The company, established in 2023 by Jodok Betschart, Peder Broms and Valentin Gönczy, recently received $22 million in Series A equity funding and a $1.2 billion loan to enable it build Artificial Intelligence (AI) operating system for its operations.

The globe is racing to secure its energy future as electricity demand rises, grids come under pressure, and households face growing uncertainty over costs and supply.

At the same time, demand for decentralized energy solutions like solar, batteries, heat pumps, and EV charging is surging. The missing piece has been infrastructure that can deliver these systems at scale.

Cloover is building the digital nervous system of the distributed energy economy. Its AI-powered platform integrates workflow management, financing, procurement, and energy optimization into one seamless operating system. It automates complex workflows, detects risks early, and empowers data-driven decisions from the first customer leading to long-term energy-management through Cloover’s EMS and dynamic tariffs.

Further, Cloover’s AI Finance co-pilot helps SME installers solve capital flow challenges along the whole value chain and improve liquidity to enable faster growth. By replacing disconnected tools and slow financing processes with one integrated system, Cloover enables installers to close more projects, move faster, and serve a broader customer base.

A statement from the energy firm disclosed that the equity round was led by MMC Ventures and QED Investors, with participation from Lowercarbon Capital, BNVT Capital, Bosch Ventures, Centrotec, and Earthshot Ventures. The debt facility was provided by a leading European bank to fund customer and installer financing on the platform.

Cloover also benefits from a €300 million guarantee from the European Investment Fund, which underpins its financing programs and enables scalable, low-cost capital for the energy transition. In total, Cloover has now raised more than $30 million in equity financing and secured over $1.3 billion in debt.

With the new capital, Cloover will expand into additional European markets and is considering France, Italy, the UK, and Austria, deepen its platform with further AI-driven workflow automation and financing products.

“With this $1.2 billion commitment, we’re enabling households to become energy independent, without the friction of upfront costs or complex loan applications. Our AI operating system connects stakeholders across the value chain and revolutionizes how energy independence becomes the new norm,” the chief executive of Cloover, Mr Betschart said.

Also, the chief product officer at Cloover, Valentin Gönczy, said, “Cloover is not just about financing – we’re building the backbone for energy independence. We are creating the Shopify of Energy: a platform that equips manufacturers, installers, households, and investors with the tools to grow, collaborate, and deliver distributed energy at scale.”

The General Partner at MMC Ventures, Oliver Richards, while commenting, said, “Cloover is tackling one of the largest and most structurally important opportunities in the European energy transition.

“What truly sets them apart is execution: in 2025 the team delivered outstanding commercial progress while building the foundations of a scalable platform business. Jodok, Peder and Valentin have assembled an exceptional team with deep expertise across energy, software, and credit, and we’re excited to back them as they scale Cloover into a category-defining company.”

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