CBN To Set Up $39.4bn Infrastructure Development Company With NSIA, AFC     The Central Bank of Nigeria (CBN) has secured the Federal Government’s approval to set up a $39.4 billion (N15 trillion) infrastructure development company in collaboration with the Sovereign Wealth Fund, to invest in the...

NSIA Investments In Fertiliser Projects To Hit N221bn     Financial statements on the Nigerian Sovereign Investment Authority (NSIA) website indicate that since the inception of the Presidential Fertiliser Initiative (PFI) in 2017, it has committed over N107 billion to fertiliser production, even as it plans to...

NSIA Invests N107bn In Presidential Fertiliser Initiative   The Nigeria Sovereign Investment Authority (NSIA) has invested N107 billion in Presidential Fertiliser Initiative (PFI). The agency plans to invest another N114 billion in the year on raw materials, logistics, contract blending costs by third party blenders, among others. The...

COVID-19: NSIA, Global Citizen Set Up Solidarity Fund   The Nigeria Sovereign Investment Authority and Global Citizen, an international advocacy organisation, have set up a solidarity fund designed to provide additional support for Nigeria’s response to the COVID-19 pandemic. The Nigeria Solidarity Support Fund is aimed at...

Nigeria, Others Turn To SWF Savings To Mitigate Oil Price Slump   Nigeria, Norway, Iran and other oil-producing countries have resorted to drawing down on savings in their sovereign wealth funds (SWFs) to help mitigate the impact of the global slump in crude prices largely induced...

Sovereign Wealth Fund Will Drop to $201m After $150m Withdrawal     The plan by the Federal Government to withdraw $150m from the stabilisation fund of the Sovereign Wealth Fund would reduce the amount in the account to $201m. The Nigeria Sovereign Investment Authority said this in a...