No Plans To Move Our Investments Away From Dollar - NSIA
Managing Director/Chief Executive of Nigeria Sovereign Investment Authority (NSIA), Mr. Uche Orji, has said the investment authority has no plan to re-dominate its assets from the United States dollar into other reserve currencies.
There had...
Reps To NSIA: Present Your Budget Or Get Zero Allocation In 2022
The House of Representatives’ Committee on Finance has vowed to block allocation to Nigerian Sovereign Investment Authority if it fails to present its 2022 budget proposal to the National Assembly for consideration and...
Govs Fret As CBN Insists Budget Support Repayment Starts May
State governors again on Thursday requested that the repayment of their loans, especially the budget support, which ought to start this month be deferred.
But the Governor of the Central Bank of Nigeria, Godwin Emefiele, emphasised...
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...
NSIA Revenue Increases By 343% To N160bn
The Nigeria Sovereign Investment Authority, manager of Nigeria’s 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...
NSIA Saves N133bn On Fertilizer Subsidy
The Nigerian Sovereign Investment Authority (NSIA) has saved $350 million (about N133 billion) by cutting subsidy payments and import substitution after it began implementing the Presidential Fertilizer Initiative.
In a statement by the Authority, after four years of the PFI,...
