Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result

TCN gets N102bn to boost power transmission infrastructure

Nairametrics by Nairametrics
February 19, 2014
in Uncategorized
Share on FacebookShare on TwitterShare on Linkedin

Punch||The Transmission Company of Nigeria on Tuesday said it had so far received N102bn ($655m) from both the Federal Government and international donor agencies to boost power transmission infrastructure across the country.

TCN also said it would need $1.5bn annually to efficiently evacuate the 20,000 megawatts of power being targeted by the Federal Government by 2020.

The Director, Finance and Accounts, TCN, Mr. Sunny Iroche, stated that the Federal Government, through the Ministry of Finance, had been assisting the company in sourcing for funds.

RelatedPosts

Why A Drop In Inflation Does Not Necessarily Mean A Drop In Prices Of Commodities

20 Financial Terms You Need To Know In The Stock Market

He explained that the company had received some of the funds sourced for it by the government, adding that they would be meticulously used in developing strategic projects.

Iroche spoke at the maiden press briefing by the Chairman of the TCN Board, Mr. Ibrahim Waziri.

News continues after this ad


He said,

“So far, we have received $150m from the African Development Bank and we are in the process of getting $170m from the French Development Agency. You are aware that the Federal Government, sometime last year, borrowed $1bn, out of which $135m has been given to us, and all the money is with the Central Bank of Nigeria and it is for the improvement of the transmission infrastructure.

 “We also have $200m from the Japanese International Corporation Agency.”

http://www.punchng.com/business/business-economy/tcn-gets-n102bn-to-boost-power-transmission-infrastructure/

News continues after this ad


Related

Tags: News Review

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

inq
avatrade
Stanbic bank
Mega Millions
UBN
Hot forex
Access Bank
Bankers Committee
First bank






    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • Access Holdings appoints Olanrewaju Bamisebi as executive director, IT and digitization
    • Public miners now hold over 33k Bitcoin, 27% less than April 2022
    • Strike continues as FG-ASUU meeting ends in deadlock

    Follow us on social media:

    Recent News

    Access Bank, Zenith Bank, others take the Equities Market up by N35.44 billion

    Access Holdings appoints Olanrewaju Bamisebi as executive director, IT and digitization

    August 17, 2022
    Iran to lift cryptocurrency mining ban in September

    Public miners now hold over 33k Bitcoin, 27% less than April 2022

    August 17, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com