Page 26 - Stabilisation Fund News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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. Accor...

UNC: Ask developed nations for mobile hospital units Opposition Leader Kamla Persad-Bissessar - Courtesy the Office of T&T Parliament Opposition Leader Kamla Persad-Bissessar is urging the government to appeal to developed nations for the use of mobile hospital units. She said this would increase bed space and bolster the parallel health care system. Speaking during the UNC’s Virtual Report programme on Monday night, Persad-Bissessar said, “Make contact with developed countries, Don’t be afraid to beg – or if you don’t want to beg, I’m sure you will draw down on the Heritage and ...

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 and provided first stabilisation support of 150 million dollars from the Stabilisation Fund to the Fe...

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 Managing Director of NSIA, Mr Uche Orji, at a virtual media conference on the presentation of the NSIA...

Central Bank: Close to 3,000 people lose jobs in 2020 - The Central Bank has said nearly 3,000 people were retrenched last year due to the economic fallout brought on by the covid19 pandemic. Its 2020/2021 Annual Economic Survey said this was a result of businesses having to adjust by using a variety of strategies to manage their wage bill through temporary layoffs, reduced working hours, salary cuts or retrenchments. “Data on retrenchment notices filed at the Ministry of Labour showed that 2,744 persons were retrenched during 2020, much higher than the 1,528 people retrenched during t...