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The net assets of the Nigeria Sovereign Investment Authority (NSIA) have risen to N772.75 billion, an increase of 33 percent in 2020. The Authority’s assets increased by N193.21bn in 2020 higher than the N579.54bn recorded in 2019 despite the COVID-19 pandemic, it said in a statement on Tuesday. We won’t allow people denigrate Buhari — […]
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 contributions from subsidiaries/affiliates and exchange gain from foreign currency positions. Ac...
The Nigeria Sovereign Investment Authority, NSIA, has recorded a total comprehensive income of N160.06 billion, representing about 343 per cent growth in 2020 year, compared to the previous year’s N36.15 billion. The Managing Director, Mr. Uche Orji, disclosed this at a virtual press briefing yesterday.
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Obinna Chima in Lagos and Emmanuel Addeh in Abuja The Nigeria Sovereign Investment Authority (NSIA), manager of Nigeriaâs Sovereign Wealth Fund (SWF), yesterday announced its audited results for its 2020 financial year, reflecting a strong financial performance and consistent implementation of strategic infrastructure investment programmes for the year. The results showed that despite the challenges posed by the COVID-19 pandemic in the year under review, the NSIA recorded 343 per cent growth in its total income, which rose to N160.06 billion in 2020, up from the N36.15 billion in the pr...