Fertiliser Imports Rise By 84% To N117bn       Despite various measures to encourage local production, a total of about N117 billion (or $247.91 million) was expended on fertiliser importation in the past year. Fertiliser imports increased by $37.71 million in 2019 to $247.91 million last year, representing...

Nigeria, Russia Sign Pact On Fertiliser Production   The Federal Government on Monday entered into an agreement with a Russian firm, Uralchem, on fertiliser production in Nigeria. The signing was done under the Presidential Fertiliser Initiative. It will see Russia supplying Nigeria potash, a key ingredient for the...

NSIA Interested In Reviving Ajaokuta Steel, Others   The Nigeria Sovereign Investment Authority says it is interested in reviving the Ajaokuta Steel Company. Apart from the Ajaokuta Steel Company, the agency is also interested in reviving other moribund assets to enable the country to reap the benefits...

NEC Approves Extra $250m Investment In NSIA   The National Economic Council (NEC) presided over by Vice President Yemi Osinbajo has approved the investment of an additional $250million into the Nigerian Sovereign Investment Authority (NSIA). The NSIA Managing Director/Chief Executive Officer, Mr Uche Orji, who briefed State...

NSIA's Assets Grow To N617bn Under Management   The Nigeria Sovereign Investment Authority has grown its assets under management to $1.9bn (N617.69bn). The Managing Director and Chief Executive Officer, NSIA, Mr Uche Orji, said that as of the end of 2018, the NSIA had assets under management...

The federal government has earned N1.22 billion by investing 25 percent of the funds accruing to the stabilisation account with the Nigeria Sovereign Investment Authority (NSIA). The total sum invested by the federal government from inception, May 2015 to December 2016 was N8,941,119,659.28, In 2016 alone,...