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LG Unveils World’s First Multi V III Solo AC in Nigeria

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A global leader in consumer electronics, LG Electronics, has unveiled its new Multi V III Solo air conditioner to the Nigerian market. The move came as LG looks to place more emphasis on its business to business in Nigeria, where the demand for energy-saving technology is growing rapidly. The launch of the Multi V III Solo which is LG Electronics’ newest HVAC solution is evident of the electronic giant’s drive to always be ahead of competition and lead in innovation by ensuring consumers’ satisfaction and comfort is key when manufacturing products. Combining this innovation with higher efficiency Multi V III Solo delivers fast response cooling and space-saving smaller footprint. Expectedly, this cutting edge would make it gain significant market share in Nigeria and Africa as a whole. The Multi V III Solo has three unique benefits which the consumer stands to enjoy. These are the higher energy efficiency, eco friendly, and longer piping design. The unit’s increased energy efficiency which is boosted by LG’s unique DC inverter compressor technology, delivers a COP level (coefficient of performance) of 3.5. With a total piping length up to 150 m and a level difference of 50 m between ODU and IDU, the Multi V III Solo provides optimum solution for small/medium-sized building. Multi V III Solo can be connected to max no of 32 indoor units in any building. “As a company with a great focus on producing energy saving and efficient products, we are happy to introduce the Multi V III Solo into the Nigerian market,” commented Mr. Clinton Yoo, General Manager, Air conditioning and Energy Solution division, LG Electronics West Africa Operations. “With this product in the market, we are in a better position to work with our dealers and business partners to make LG the No. 1 provider of smart and efficient HVAC solutions.” Speaking at the event, the Managing Director, Tecnicool, Mr. Niyi Kolawole, said, ‘There is no better time than this to introduce to the Nigeria market an AC with fast cooling response and space-saving smaller footprint. This is a great need that the LG Multi V III Solo has come to fulfil in Nigeria’. Also speaking in the same vein, the Managing Director, Blue Ocean Technical Services, Mr. Anupam Ghosal, lauded the initiative of LG Electronics in its continuous bid to providing products to meet the apt needs of its teeming consumers. In his words, ‘Only a compassionate organisation like LG Electronics would stop at nothing to ensure that its consumers are pleased with its ranges of products built on innovation and cutting edge technology’. Engr. Shola Erinle, managing director of PERA-BEAM, asserted that introduction of Multi V III Solo has heralded a new era into the business of commercial AC in Nigeria. He described it as the era of comfort, energy saving and unprecedented fast cooling technology that would create the much desired environment for Nigerians to do business and be pleased.


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Senate Gives Tinubu Nod to Borrow Fresh $6Bn

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Senate on Tuesday approved the fresh $6 billion loan request forwarded to the lawmakers by President Bola Tinubu.

Senate Gives Tinubu Nod to Borrow Fresh $6Bn

Lawmakers approved the fresh loan on the same date the request letter was read by Godswill Akpabio, senate president.

The Senate approved the loans following the presentation and consideration of the report by Senator Aliyu Wamakko, chairman, Senate Committee on Local and Foreign Debts.

President Tinubu had written to the Senate seeking approval to borrow a total of $6 billion to finance key government projects and address budgetary gaps.

The requests were contained in two separate letters addressed to Godswill Akpabio, president of the Senate, and read during Tuesday’s plenary.

In the first letter, the President requested approval to obtain a $5 billion loan from Abu Dhabi Bank.

According to the President, the facility will be used to cover the nation’s budget deficit and support debt financing, among other fiscal obligations.

The request forms part of the Federal Government’s efforts to stabilise public finances and sustain ongoing government programmes.

In a separate communication, Tinubu also sought approval to secure a $1 billion UK Export Finance loan facility from London Citi Bank.

The loan is intended for the rehabilitation of key port infrastructure, including the Lagos Port Complex and Tin Can Island Port.

The President said the project aims to address critical infrastructure deficiencies in the country’s maritime sector

According to him, the rehabilitation will help improve efficiency, enhance safety standards, and support Nigeria’s efforts to diversify its economy beyond oil.

He added that the initiative would also strengthen Nigeria’s position as a regional trade hub.

Both requests have now been considered and approved by the Upper Legislative Chamber.


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FG Earmarks $2Bn to Launch 2 Satellites in 2028, 2029

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Federal government has fixed 2028 and 2029 for the launch of two communication satellites, NIGCOMSAT-2A and NIGCOMSAT-2B, as part of efforts to strengthen security and expand digital connectivity.

FG Earmarks $2Bn to Launch 2 Satellites in 2028, 2029

The government will be committing over $22 billion on the ambitious space-led growth agenda focused on new satellite launches, increased industry revenue and expanded broadband access in underserved communities.

At the opening of the 2026 Nigerian Satellite Week in Abuja, Dr Bosun Tijani, minister of Communications, Innovation and Digital Economy, confirmed the government’s approval for the acquisition of two new satellites—NigComSat 2A and 2B, describing the move as a “defining commitment” to national development, digital sovereignty and economic competitiveness.

Also, Mrs Jane Nkechi Egerton-Idehen, managing director of Nigerian Communications Satellite Limited (NigComSat), noted that the projects have moved beyond procurement to the execution stage.

She said the satellites are designed to enhance intelligence gathering, surveillance, and connectivity across Nigeria and neighbouring countries, particularly in support of security operations.

“For 2A and 2B, we have started the process. We have closed the tender and are now back into the financing and implementation stage. 2A is built to come up in 2028, and 2B for 2029.

“When they are up and running, they are expected to provide security within the borders and neighbouring countries. They will support the security agencies because data collection and intelligence in real time is important. Satellites like communication satellites allow that, irrespective of where they are,” she said.

On his part, Tijani, said the satellite programme forms part of a broader government strategy to deepen digital infrastructure nationwide.

According to him, the initiative complements ongoing investments in fibre-optic expansion and telecommunications infrastructure, while extending connectivity beyond Nigeria’s borders.

“The President’s approval of NIGCOMSAT-2A and 2B demonstrates a clear commitment to building the future. These satellites will enhance security, connect remote communities, and extend our fibre-optic network into neighbouring countries.

“Some of these neighbouring countries pay up to ten times more for internet capacity than Lagos. Extending our fibre network will not only improve connectivity but also enhance border security and regional collaboration.

“Satellite technology affects everything, from how a child in a rural community accesses the internet to how farmers make critical decisions and how businesses operate across distance,” he said.

 


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FG Launches CLHEEAN to Streamline Access to Government Services

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Federal government has announced the launch of CLHEEAN, an artificial intelligence-powered mobile application designed to improve interactions between citizens and public institutions.

FG Launches CLHEEAN to Streamline Access to Government Services

It is also a civic education and community engagement app.

Developed under the National Orientation Agency (NOA), the platform functions as a virtual assistant accessible via mobile devices.

It allows users to access information on public policies, ask questions, and interact directly with government services.

The app includes features such as instant messaging, voice recognition, and multilingual support, including several local languages, to reach a wider audience.

With CLHEEAN, users can also submit feedback, report concerns, and take part in discussions on public policies. The approach is intended to strengthen citizen participation and improve communication between the government and the public.

Lanre Issa-Onilu, director general of the NOA, said the initiative addresses a long-standing gap between citizens seeking to be heard and systems that do not always respond effectively, adding that the platform marks a step toward closing that gap.

The launch comes as Nigeria continues to face challenges in citizen engagement and the dissemination of public information.

By leveraging artificial intelligence, authorities aim to make public services more accessible while improving transparency and responsiveness.

The initiative also reflects a broader trend across Africa, where governments are increasingly exploring the use of AI to modernize public services and strengthen ties with citizens.


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