TCN, AfDB advance battery storage plan to stabilise national grid
Electricity transmission infrastructure The Transmission Company of Nigeria (TCN), in collaboration with the African Development Bank (AfDB), has convened a two-day validation workshop in Abuja to advance plans for the adoption of Battery Energy Storage Systems (BESS) aimed at strengthening Nigeria’s electricity grid. The workshop, which began on Monday, focuses on reviewing the Technical Feasibility, Policy […]
TCN says transmission exceeds peak generation, cites 8,700MW wheeling capacity
Electricity transmission infrastructure • Secures $1.4b multilateral funding for expansion projects The Transmission Company of Nigeria (TCN) has said the country’s transmission infrastructure can wheel more electricity than is currently being generated, as it puts its installed wheeling capacity at 8,700 megawatts (MW). The Managing Director/Chief Executive Officer of TCN, Sule Ahmed Abdulaziz, disclosed this […]
Africa Tax Revenue: AfDB Says $469bn Possible Without Hikes
Africa can unlock more than $469bn in additional annual revenue without raising statutory tax rates, according to the African Development Bank. Chief Economist and Vice President for Economic Governance and Knowledge Management at the African Development Bank, Prof Kevin Urama, said this in an interview with the News Agency of Nigeria on Wednesday in Abuja. […]
FG, AfDB Launch Aircraft Leasing Initiative for Nigerian Air
The Federal Government has moved to address the long-standing aircraft acquisition challenges facing Nigerian airlines with plans to partner the African Development Bank on a new national aircraft leasing initiative. Minister of Aviation and Aerospace Development, Festus Keyamo, unveiled the Nigeria Aircraft Leasing Company during a stakeholders’ meeting in Abuja on Tuesday, where he described […]
Keyamo appointed AfDB champion for Africa aviation reform
The African Development Bank has appointed Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, as the African champion for its newly unveiled Integrated Aviation Transformation Programme for Africa, a $7bn initiative aimed at repositioning the continent’s aviation industry. According to the letter of appointment obtained by our correspondent on Wednesday, the appointment follows what […]
Abidjan-Lagos Highway Project Gets New Governing Board
The Economic Community of West African States and the African Development Bank Group held a two-day orientation and information session in Abidjan to induct the 10-member Board of Directors of the Abidjan-Lagos Corridor Management Authority. The session, held on 19 and 20 February 2026, forms part of the operational rollout of the Authority following the […]