General News
ZOLA Electric Raises $90M from Leading Clean Energy Players

ZOLA Electric, the leading renewable energy technology company solving Energy Access and Energy Equality in emerging markets, announces the successful completion of a $90 million capital raise, comprised of $45 million of equity, $45 million of debt.

The equity element was led by several prominent investors including TotalEnergies Ventures – the venture capital arm of TotalEnergies SE, DBL Partners, Helios Investment Partners, Vulcan Capital, plus Lyndon and Pete Rive – the founders of SolarCity. In addition, Electron Capital Partners, a New York based public market clean energy investor is also supporting this capital raise. This is their first private equity investment.
The debt is being provided by some of the leading Energy Access lenders including FMO, the Dutch entrepreneurial development bank, and Sunfunder, a solar finance company providing debt capital to solar enterprises in emerging markets.
The size of the funding round, the calibre of the investors, and the backing by both private and public investors is testament to investor confidence in ZOLA’s Energy Access strategy, the company’s impact, and digital renewable energy as a new and growing asset class.
Proceeds will be used to develop next generation hardware and software technology, focused on bringing reliable, affordable and clean energy to Africa, Asia and Latin America.
ZOLA’s leading technology is bringing distributed, clean, digital energy solutions to those who lack reliable and affordable energy, commonly referred to as the Energy Access sector. ZOLA’s intelligent batteries are installed in homes and businesses, and are integrated into any energy source (grid, solar, battery, etc.) to power any load.
These solutions are managed by Vision, it’s SAAS software system, providing customers with data, analytics and control of their systems. ZOLA’s platform of intelligent batteries, monitored and managed by Vision, is the world’s first fully integrated, modular and intelligent platform purpose built for the Energy Access sector.
Today, ZOLA delivers energy to approximately 1.5 million users, across over 10 countries, predominantly in Africa but recently expanded to Asia and South America. Its products are distributed through leading integrators and developers including EDF, Shell, Econet/DPA and to emerging DRE (distributed renewable energy) integrators like Blue Camel in Nigeria.
In these markets, the lack of primary power results in the installation of millions of back-up solutions (diesel generators, lead acid batteries) that are poorly integrated, difficult to manage, unreliable, costly, dirty, and lack intelligence.
As a result, socio-economic development, healthcare and education is hindered. ZOLA’s objective is to drive energy access to the 2.2 billion people and hundreds of millions of businesses that currently lack it.
Bill Lenihan, Chief Executive Officer of ZOLA Electric, said: “We are beyond grateful and proud to close this $90 million funding round. Businesses are judged by the company they keep, and we are thrilled to have the backing of these leading energy operators and investors.
“The world needs energy access, energy equality, and it needs to be done in a way that protects our environment while supporting economic development. Digital renewable energy can help us accomplish these weighty objectives, and as a leading energy access technology company, this is what we intend to achieve.”
Edouard Bulteau, Principal at TotalEnergies Ventures, commented: “Energy is reinventing itself, and we need to find a path to a low-carbon future while meeting the energy needs of the society.
“Developing renewable energy solutions dedicated to emerging markets is key to reach this goal and represents a huge investment opportunity. This is why TotalEnergies Ventures is delighted to support ZOLA, a leading company in this area, in their latest fund raise.”
Nancy Pfund, Founder and Managing Partner at DBL Partners, said: “DBL’s mission has always been to drive top tier venture capital returns and positive social and environmental change.
“ZOLA embodies our mission in every way, and we are excited to see the company build the same success in clean energy in Africa and other emerging markets that we have had with clean energy investments in the United States. DBL firmly believes that access to clean, affordable, and reliable energy is a global movement, and the time is now.”
General News
FG Mulls Age Restriction for Kids on Social Media

Federal government has said that it is evaluating potential policy approaches for the protection of children online, including age restrictions.

In a statement by Bosun Tijani, minister of Communications, Innovation, and Digital Economy, said that, while the internet offers significant opportunities for learning, creativity, and communication, it also exposes children to risks such as cyberbullying, harmful content, online exploitation, misuse of personal data, and emerging challenges linked to artificial intelligence tools.
“As Nigeria evaluates potential policy approaches for protection of children online, including age restrictions, improved age verification systems, platform accountability measures, and enhanced regulatory oversight, public input is essential to ensure that any framework adopted reflects national priorities, respects children’s rights, and responds to the realities of Nigeria’s digital landscape”, Tijani said in the statement.
He encouraged parents, educators, young people, digital professionals, and all stakeholders to share their perspectives on the critical issue by completing a survey, which he noted would shape evidence-based policies.
“As Nigeria evaluates possible policy options, it is important that any approach reflects national priorities, respects children’s rights, and responds effectively to the realities of the country’s digital landscape,” the Ministry stated in a policy note accompanying the survey.
Nigeria has witnessed rapid growth in internet and social media usage over the past decade, driven largely by increased smartphone adoption and expanding mobile broadband networks.
According to Dr. Vincent Olatunji, national commissioner, Nigeria Data Protection Commission (NDPC), more than 40 million Nigerians spend an average of six hours daily on social media.
General News
More Nigerians Emerge Millionaires in Week 9 of NIVEA’s Consumer Campaign

NIVEA’s landmark ₦3 Billion National Consumer Promotion has successfully completed its ninth weekly draw, sustaining nationwide excitement as thousands of Nigerians continue to win instant and life-changing rewards across the country.

At the Week 9 draw, held on Thursday, March 5, another group of lucky consumers joined the growing community of winners created by the campaign.
Among the standout winners were Ruth Stephen from Enugu and Ayomide Oriola from Ibadan, who each received ₦1,000,000, further demonstrating the campaign’s reach and credibility across diverse regions of Nigeria.
Reacting to her win, Ruth Stephen described the experience as overwhelming and unforgettable.
“I was very happy when I got the call and was smiling throughout the day because I’ve never been this lucky. I will just pay my tithe from the prize money and save the rest until I know what to do with it,” she said.
For Ayomide Oriola, the surprise million-naira reward turned an ordinary purchase into a life-changing moment.
“I was surprised to hear from Nivea that I’d won the one million. And it was a very pleasant surprise for me. I will invest in my kiddies’ wear business to expand more than it is already,” she shared.
With nine successful draws now completed, the ₦3 billion promotion has produced well over 550,000 winners nationwide. So far:
- 90 consumers have won and redeemed ₦1 million each
- Over 450,000 winners have received ₦50,000 Jumia shopping vouchers
- Approximately 550,000 participants have enjoyed ₦1,000 instant airtime rewards
Despite these impressive milestones, NIVEA emphasizes that the promotion is still ongoing, with several weeks of rewards, including major grand prizes, yet to be won.
Participation remains simple:
- Purchase any NIVEA 400ml Body Lotion variant – Cocoa, Rich Nourishing, Even Glow, Advanced Care, Perfect & Radiant, or Deep
- Locate the unique code on the pack
- Scratch and dial 7022*code# and follow the prompts
- Receive ₦1,000 instant airtime and automatic entry into weekly draws
The “Double the Care, Double the Glow” campaign continues to combine everyday skincare with tangible consumer rewards, steadily building anticipation toward the grand finale of the twelve-week promotion.
At the end of the campaign, participants stand a chance to win ₦5 million, ₦3 million, ₦2 million, three brand new SUVs, and ten all-expense-paid trips to Spain to watch Real Madrid live at the Santiago Bernabéu Stadium – a benefit tied to NIVEA’s global partnership with Real Madrid CF.
Speaking on the ninth draw milestone, Fiyin Toyo, Marketing Director for Central, East & West Africa (CEWA) at Beiersdorf, highlighted the growing trust consumers are placing in the campaign.
“Reaching the ninth draw is a powerful reminder of what happens when a brand consistently delivers on its promise. Every week, Nigerians across different cities and communities are seeing real people win, and that transparency continues to strengthen confidence in the promotion. As we move closer to the grand finale, our message remains simple – every purchase still holds opportunity, and the biggest rewards are still ahead.”
She reiterated that every eligible purchase guarantees instant value while offering multiple chances to win before the promotion concludes.
The ₦3 Billion Consumer Promotion is fully approved and regulated by the National Lottery Regulatory Commission (NLRC), Lagos State Lotteries and Gaming Authority (LSLGA), and the Federal Competition and Consumer Protection Commission (FCCPC), ensuring a transparent and credible process.
As the campaign advances beyond its ninth draw, NIVEA encourages consumers nationwide to keep participating, reminding Nigerians that the promotion remains live, accessible, and rewarding every week.
Through this initiative, NIVEA continues to reinforce its leadership in skincare while delivering on its enduring promise of Double Care, Double Glow, and Double Value for consumers across Nigeria.
General News
NICA Confers Professional Fellowship on Uche Uzoebo

The National Institute of Credit Administration (NICA) has conferred its Professional Fellowship on Mrs. Uche Uzoebo, Managing Director of Shared Agent Network Expansion Facilities (SANEF).

The recognition was announced in Lagos during the investiture of Dr. (Mrs.) Markie Idowu as the Institute’s new President.
In his welcome address, Prof. Chris Onalo, Registrar/CEO of NICA, noted that the National Institute of Credit Administration distinguishes itself from other professional bodies through its unwavering commitment to advancing credit management, promoting professionalism, and empowering Nigerians with credit literacy.
“Unlike many other institutes, NICA recognizes that credit management is a lifeline of commerce, influencing every aspect of business, social, and economic life. Through this commitment, the Institute continues to shape Nigeria’s economic future towards sustainable growth,” he stated.
The Fellowship represents the Institute’s highest professional distinction and is conferred on individuals whose leadership has significantly strengthened Nigeria’s credit environment, institutional governance frameworks, and the integrity of the financial system.
This recognition also comes at a significant moment globally as the world commemorates International Women’s Day, underscoring the growing recognition of women’s leadership and contributions across industries, particularly in finance, governance, and economic development.
The ceremony brought together senior financial sector executives, policymakers, regulators, and distinguished guests to celebrate excellence in credit administration and professional practice.
The Institute described Mrs. Uche Uzoebo as a seasoned business executive and financial services leader with over two decades of professional experience spanning banking, digital payments, and financial services.
A proven change agent, she brings deep expertise across digital payments, financial inclusion, agency banking, product and business development, merchant acquiring, as well as corporate, commercial, and retail banking.
Her leadership has been instrumental in advancing secure and inclusive digital financial services, strengthening payment systems, and expanding last-mile access to financial services across underserved communities in Nigeria.
Through SANEF and related initiatives, she has supported economic empowerment and financial inclusion by expanding agent networks, promoting financial literacy, and championing innovative technology-enabled solutions.
Passionate about gender inclusion and women’s economic empowerment, Uzoebo is also a gender specialist and advocate with a strong focus on supporting women entrepreneurs and breaking structural economic barriers.
As a certified trainer, she designs and delivers high-impact capacity-building programmes for individuals, youth, women, and organizations, enabling sustainable growth and improved performance.
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