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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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Nigeriaâs investment authority grows revenue by 343% to N160bn The Nigeria Sovereign Investment Authority, manager of Nigeriaâs sovereign wealth fund, on Tuesday announced its audited results for 2020 financial year, reflecting a 343 per cent growth in income to N160bn. It said this was disclosed in its Audited Financial Results for 2020 Financial Year released in Abuja, adding that the growth was far higher than the N36.15bn recorded in the preceding year. NSIA said it ârecorded 343 per cent growth in total comprehensive income to N160.06bn in 2020 (previous year: N36.15bn)â...
Nigeria Sovereign Wealth Authority reports 343% revenue jump The organisation provided first stabilisation support of $150 million from the Stabilisation Fund to the Nigerian Government. The Nigerian Sovereign Investment Authority (NSIA) said it posted N160.06 billion for 2020, translating to an increase of 343 per cent, largely driven by a significant rise in foreign exchange gains as well as investments in international capital markets. Managing Director Uche Orji told a virtual conference on Tuesday that the last financial year was marked by impressive results, following the execution of ...
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...