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...

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 Moves To Tackle Gas Flaring To reduce what it described as incredible economic waste, compounded by environmental pollution, the Nigeria Sovereign Investment Authority (NSIA), plans to invest in the biggest gas flare capture in the country. The decision follows Nigeria's high gas flaring rate reputed...