Page 15 - Second Niger News Today

Uche Orji, CEO, Nigeria Sovereign Investment Authority (NSIA) The Nigeria Sovereign Investment Authority (NSIA), yesterday, hinted that its net assets grew by N193.21billion in 2020, representing a 33 per cent increase over the N579.54 billion recorded in 2019. In its 2020 audited financial statement, the investment institution said it grew income from N36.15 billion in 2019 to N160.06 billion in 2020. NSIA attributed the performance to its investments in international capital markets, improved...

By Emmanuel Addeh The Managing Director of the Nigeria Sovereign Investment Authority (NSIA), Mr Uche Orji, Tuesday disclosed that the organisation which manages the country’s sovereign wealth fund tripled its profits in 2020. Speaking when he appeared on the “Good Morning Show” on Arise Television, THISDAY’s broadcast arm, Orji attributed the relative success recorded by the NSIA last year to the business decisions taken by the authority. He explained that some of NSIA’s portfolios w...

Orji attributed the growth, in spite of the challenges of COVID-19, to strong performance from its investments in international capital markets, improved contribution from subsidiaries and affiliates and exchange gain from foreign currency positions. He added that the authority achieved 33 per cent growth in Net Assets amounting to N772.75 billion as against N579.54 billion in the previous year. He also said that the NSIA received additional contribution of 250 million dollars a...

The Nigeria Sovereign Investment Authority (NSIA) says that it recorded a total of N160.06 billion in comprehensive income in 2020, representing a 343% growth compared to N36.15 billion recorded in 2019. The growth was attributed to strong performance from its investments in international capital markets, improved contribution from subsidiaries and affiliates and exchange rate gain from foreign currency positions despite challenges of the coronavirus pandemic. This disclosure was made by the Ma...

Spending £4.2million Ibori Loot On Federal Projects Corrupt, Oppressive—Niger Delta Group There has been a debate on how to spend the funds stolen by the ex-Governor since the United Kingdom promised to repatriate it to Nigeria. by SaharaReporters, New York Mar 16, 2021 The founder of the Niger Delta Initiative Austria, Nyherovwo Ochuko Eriema has said the intention of the Nigerian government to spend funds looted by a former Delta State Governor, James Ibori, which are to be recovered on fe...

Views: 346 After what looked like it has been forgotten, the federal government, at last, remembered the Eastern corridor of the Nigeria Railway in its rail rehabilitation project. President Muhammadu Buhari was reported to have performed the groundbreaking ceremony for commencement of work on the Eastern Corridor, last Tuesday. But unlike other railway projects in different parts of the country that are on Standard Gauge, such as the Lagos-Kano line, Abuja-Kaduna line, Lagos-Ibadan line, Warri...

• Clark gives FG seven-day ultimatum to hand over money • Falana urges FG to toe same line when it returned monies to Plateau, Bayelsa • SERAP seeks clarification over planned use of Ibori loot, says over $600m Abacha loot was earmarked for same projects • Pay returned money to Delta varsity students, Sowore says The House of Representatives, yesterday, directed the Federal Government to halt the spending plan of the recovered £4.2 million Ibori loot and ensure that the money once retu...

25 years after commencement, Buhari commissions NDDC headquarters 25 years after commencement, Buhari commissions NDDC headquarters Share Twenty-five years after the groundbreaking ceremony, President Muhammadu Buhari, on Thursday, commissioned the headquarters building of Niger Delta Development Commission (NDDC) in Port Harcourt, Rivers State. He performed the ceremony virtually at the presidential villa, Abuja. Buhari commended the Minister of Niger Delta Affairs, Sen Godswill Akpabio, for ...

The federal government said on Tuesday the £4.2 million recovered from former Governor James Ibori of Delta State would be used to fund three major projects.

The federal government said on Tuesday that the £4.2 million recovered from former Governor James Ibori of Delta State would be used to fund three major projects.