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Nigeria News (Standard)

AfDB Approves $100m for EBID to Boost Clean Energy Projects Across West Africa

Regional bank secures first-ever equity investment as AfDB takes board seat, targets renewable expansion and private sector growth

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Regional bank secures first-ever equity investment as AfDB takes board seat, targets renewable expansion and private sector growth

The African Development Bank (AfDB) Group has approved a $100 million financing package for the ECOWAS Bank for Investment and Development (EBID), aimed at strengthening clean energy investment and supporting private sector projects across West African states. The approval was announced on Saturday, with disbursement expected to commence this quarter.

The AfDB’s facility is structured in two parts: a $30 million equity investment that grants AfDB a board seat at EBID, and a $70 million long-term credit line. This marks the first time a development finance institution is acquiring direct equity in EBID, signalling increased confidence in the sub-regional bank’s governance and strategy. The capital injection is also expected to help EBID expand its reach by attracting more funding from international partners.

This move comes as West African countries intensify efforts to address energy poverty and climate challenges. Nigeria, Ghana, Côte d’Ivoire and other ECOWAS members are pursuing projects in solar, hydroelectric, and other renewables amid ongoing concerns over unreliable power supply and rising cost of diesel generation. According to the AfDB, the new partnership will enable EBID to scale up funding for clean energy infrastructure and mobilise greater private sector participation in regional development.

Speaking on the development, AfDB officials said the transaction forms part of its wider commitment to accelerating Africa’s energy transition. “Our investment will strengthen EBID’s balance sheet and unlock new opportunities for sustainable growth,” an AfDB representative stated in a written statement. There was no immediate response from opposition or alternative financial actors as at press time.

With this facility, EBID is expected to provide more loans and guarantees for renewable energy projects and related industries across West Africa. Analysts say the deal could spur job creation in the power sector while helping governments meet national climate targets set under international agreements.

Source: https://guardian.ng/business-services/afdb-commits-100m-to-ebids-clean-energy-agenda-in-west-africa/

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Nigeria News (Standard)

U.S.-Based Athletes Arrive Lagos for Commonwealth Games Trials at YABATECH

AFN postpones 100m final as thunderstorms delay flights, over 10 foreign stars now present in Lagos

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June 22, 2026

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AFN postpones 100m final as thunderstorms delay flights, over 10 foreign stars now present in Lagos

Over 10 United States-based athletes arrived in Lagos on Friday for the Athletics Federation of Nigeria (AFN) National Trials ahead of the 2026 Commonwealth Games, following flight delays caused by a thunderstorm. The event, initially scheduled to begin on Saturday at Yaba College of Technology (YABATECH), was shifted by one day to accommodate the late arrivals.

The athletes began arriving at YABATECH yesterday afternoon, with more expected as at press time. The delay in their arrival prompted organisers to postpone the highly anticipated men’s 100 metres final, which will now hold today instead of the original schedule. Among the foreign-based stars already present are Favour Ashe, Nyenuchi Okemgbo (400m hurdles), Chukwuebuka Enekwechi (shot put), Oyesade Olatoye (hammer throw and shot put), Dolapo Divine Oladipo (shot put and discus), and Obiageri Amaechi (discus).

The AFN National Trials serve as the major selection event for Nigerian athletes hoping to represent the country at the Commonwealth Games later this year. The influx of U.S.-based competitors is seen as a boost to Nigeria’s medal prospects, with many of these athletes having recorded impressive performances in recent international competitions.

An official from the Athletics Federation of Nigeria confirmed that the schedule was adjusted to ensure fair competition among all participants. “We had to move some events forward so that all qualified athletes can take part,” the official said. No official reaction has been received yet from local-based athletes or their coaches regarding the schedule change.

With more foreign-based competitors expected to arrive before the end of trials, stakeholders believe that this year’s selection process will be highly competitive. The final list of Team Nigeria representatives for the Commonwealth Games is expected to be released after completion of all events at YABATECH.

Source: https://guardian.ng/sport/u-s-based-athletes-flood-yabatech-for-commonwealth-games-national-trials/

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Nigeria News (Standard)

Abua, Bassey Clinch CBN Senior Tennis Titles at Abuja’s MKO Abiola Stadium

Both players secure their first senior singles crowns as CBN marks 47th championship edition in the FCT

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26 minutes ago

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June 22, 2026

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Both players secure their first senior singles crowns as CBN marks 47th championship edition in the FCT

Canice Abua and Etoro Bassey emerged as champions in the men’s and women’s singles categories respectively at the 47th Central Bank of Nigeria (CBN) Senior Tennis Championship, which concluded at the Package B of MKO Abiola Stadium in Abuja on Saturday. The tournament saw top local tennis talents battle for national honours over several days in the Federal Capital Territory.

Abua, who entered as the men’s top seed, delivered a commanding performance against defending champion and third seed Michael Akpan Emmanuel. The final ended in straight sets with Abua winning 6-1, 6-2, marking his first-ever triumph at this prestigious event after several previous attempts. In the women’s final, 18-year-old Etoro Bassey overcame a shaky start to defeat Ogunjobi Success 3-6, 6-0, 6-3 and lift her maiden senior singles trophy.

The CBN Senior Tennis Championship remains a crucial fixture on Nigeria’s sports calendar, offering homegrown athletes a platform to showcase their skills and advance their careers. Abua’s victory is seen as a breakthrough for the experienced player who is currently part of Nigeria’s Davis Cup squad for 2026. For Bassey, her win signals the rise of new talent in women’s tennis as she steps up from junior ranks to senior competition.

Speaking after his victory, Abua dedicated his title to God. “I thank God for His mercy and making me proud to be who I am,” he said at the post-match presentation. Bassey also expressed gratitude for her support team and looked forward to more opportunities at the senior level.

With this year’s edition concluded, organisers and tennis stakeholders have reaffirmed their commitment to supporting young talents and sustaining the annual championship. Attention will now shift to preparations for Nigeria’s Davis Cup campaign and other national competitions where both champions are expected to feature.

Source: https://guardian.ng/sport/abua-etoro-crowned-cbn-senior-tennis-champions/

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Nigeria News (Standard)

Ochei Flags Off Devnotch National Tennis Championship in Abuja, Promises Enhanced Prize Money

Sixth edition of weeklong tournament opens at MKO Abiola Stadium; Nigeria Tennis Federation president assures improved welfare for players and officials

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27 minutes ago

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June 22, 2026

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Sixth edition of weeklong tournament opens at MKO Abiola Stadium; Nigeria Tennis Federation president assures improved welfare for players and officials

The Devnotch National Tennis Championship commenced at the Tennis Arena, Package B of MKO Abiola Stadium in Abuja on Friday, marking the start of the sixth edition of the annual event. The weeklong tournament, which began on June 21 and runs till June 27, 2026, is expected to feature top tennis talents from across Nigeria competing for honours.

Victor Ochei, who doubles as Chairman of Devnotch Nigeria Ltd and President of the Nigeria Tennis Federation (NTF), flagged off the championship. Ochei, who recently led Nigeria to qualify for the second round of the Davis Cup for the first time since 1989, assured participants and fans that this year’s edition will introduce new features including higher prize money and improved welfare packages.

The Devnotch National Tennis Championship has become a recognised breeding ground for emerging champions in Nigerian tennis. Organisers say it offers an important platform for young talents to showcase their skills and gain national recognition. The ongoing edition is expected to attract significant attention within the tennis community as well as among sports enthusiasts nationwide.

Speaking at the opening ceremony, Ochei highlighted his commitment to advancing tennis in Nigeria both through corporate sponsorship and his role at the NTF. He stated that enhanced incentives this year are aimed at motivating players, officials and even spectators, thereby raising the standard of competition and overall experience.

The championship will conclude with a finals event on June 27. Stakeholders believe that sustained investments like those from Devnotch Nigeria Ltd are crucial for developing grassroots sports in Nigeria. Expectations are high that this year’s championship will set new standards and inspire further growth in Nigerian tennis.

Source: https://guardian.ng/sport/devnotch-national-tennis-championship-serves-off-in-abuja/

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