General
NSIA Unveils Startups for Innovation Accelerator Prize
By Adedapo Adesanya
The Nigeria Sovereign Investment Authority (NSIA) has announced the startups to participate in the second phase of the accelerator stage (physical bootcamp) of the NSIA Prize for Innovation (NPI 2.0).
The week-long physical bootcamp will culminate in a mini demo day where the small firms will pitch their solutions before a panel of judges drawn from the technology and the business ecosystem for a chance to proceed to the Demo Day and vie for a total combined prize value of $220,000 with an all-expense paid five-week training at Draper University, Silicon Valley, USA.
Speaking on this, the chief executive of NSIA, Mr Aminu Umar-Sadiq, noted that the agency remained focused on leveraging the prize to propel socio-economic development, especially by catalysing the technology ecosystem.
He also said it would encourage youth entrepreneurship, advancing innovative solutions to everyday challenges and positioning Nigerian tech talents for global relevance.
The two-part accelerator phase initially had 100 start-ups selected after rigorous evaluation and due diligence carried out on over 7,000 early-stage businesses that registered for the competition.
Out of these, and following additional screening, the following start-ups from multiple sectors have been shortlisted to proceed to the physical bootcamp.
Mr Umar-Sadiq further explained that the NPI was the authority’s multi-year commitment to identify and nurture early-stage businesses with potential for transformative impact in the country.
Currently in its second edition, NPI has garnered significant attention as high-quality applications from interested businesses grew from 2,000 in the maiden edition to over 7,000 in 2024.
The initiative aligns with the authority’s ongoing commitment to catalyse the technology ecosystem by identifying and rewarding Nigerian innovators, equipping them with the right tools to scale product–market fit, connecting start-ups with potential investors and delivering a robust community of technology innovators and entrepreneurs.
It is a phased competition broken into the pre-selection stage, where innovators submit their application through the application portal; the accelerator stage, where the top finalists participate in a virtual and in-person training bootcamp and demo day, where the top 10 finalists pitch their solutions to a panel of technology and business leaders.
The post-demo day stage has the top 10 finalists participate in an all-expense paid training programme at Draper University, Silicon Valley, USA.
The start-ups selected for the bootcamp include Magic Carpet, Materials Pro, Jump n Pass, Awacash, VPay, Betalife, Centio Healthcare, Yalo, Pocket Lawyers, Doktorconnect and Trashcoin.
Others are One Health, Redease, VPD, Kunda Kids, Agroxchange Technology, Sycamore, Passcoder, Earlybean, Powerfull, Adashe, Cash Africa, TownHall, Sakula, Pave, Tribapay.
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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