General
NCDMB to Host African Local Content Investment Forum
By Adedapo Adesanya
The Nigerian Content Development and Monitoring Board (NCDMB) is set to host the African Local Content Investment Forum (ALCIF) in Lagos on March 7, 2022.
This was disclosed by the Executive Secretary of the Board, Mr Simbi Wabote in a statement, on Saturday in Abuja. He said the event will foster sustainable funding of African oil and gas projects, noting that the current energy transition agenda was posing new challenges to Africa.
Mr Wabote said the forum would also provide a platform for African leaders in the oil and gas industry, financial sector, regulators, and regional bodies to meet and shape the industry’s future in Africa amidst energy transition realities.
He said that it would elevate Africa’s indigenous oil producers and national oil companies as the next generation of project producers involved in the equity financing of exploration and field development activities.
This, he said, also positions Africa’s oil and gas service companies as funding blocks for research and development of technology required for exploration and production operations.
The NCDMB boss further said that it would position Africa’s financial institutions as providers of debt financing for oil and gas projects.
“The ongoing global energy transition is driving most International Oil Companies (IOCs) to declare commitments to reduce carbon emissions thereby scaling down investments in hydrocarbons development in favour of expanding renewable portfolios.
“Leading global financial institutions are also reducing or eliminating portfolio allocations to oil and gas projects,” he said.
According to him, the board’s sponsorship of the forum is in furtherance of the Nigerian Content 10-Year Strategic Roadmap.
Mr Wabote said that it had a key aspiration to promote local content across the African continent and ensure access to the market for oil and gas capacities that have been developed locally.
The board, he said, consistently provided guidance to several African countries on the implementation of local content policies in their jurisdictions.
According to the organisers, the local content policy which has been implemented successfully in the Nigerian Oil and Gas Industry offers the most appealing economic development models for a self-reliant and resilient African economy.
Africa accounts for eight per cent of the world’s hydrocarbon reserves with an estimated 126.388 billion barrels equivalent.
The continent contributes three per cent of global Gross Domestic Production (GDP) despite having a population of over 1.373 billion people and being the second largest and second most-populous continent on earth.
Analysts believe that the continent has the human resource base to leverage its hydrocarbon, minerals, and other natural resources to improve its GDP contribution.
Expected at the event are delegates from 18 countries mostly from the African Petroleum Producers Association (APPO), 140 financial institutions, and 400 participants from around the continent.
The event is being facilitated by the Heritage Times and has as its theme: “Developing a Pan African Strategy towards Sustainable Funding of Africa Oil and Gas Projects”.
The ALCIF is sequel to the first African Local Content Roundtable hosted by the board in June 2021 at the NCDMB Towers in Yenagoa, Bayelsa.
General
Discos Restore Power Supply After First National Grid Collapse of 2026
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.
General
Google Search Shows Nigerians Prioritizing Ambition, Self-Growth in 2026
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.
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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 |
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Top “how to get better at…” searches |
Top “how to start…” searches |
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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 |
General
Cloover Secures $1.2bn to Build AI Operating System for Energy Independence
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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