The Nigeria Sovereign Investment Authority has paid the sum of $417.46 million to the Nigeria Bulk Energy Trading Company Plc (NBET) following the expiration of the 4 years investment term. NSIA transferred the funds in three tranches as follows; US$8 million (May 2016), US$5.5 million (August 2016) and lastly US$403.96 million (July 2018). The returned […]
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The Nigeria Sovereign Investment Authority (NSIA), says its investment in promoting local farming is yielding results as production of made-in-Nigeria fertiliser has risen to 2.22 million metric tonnes. The Managing Director of NSIA, Mr. Uche Orji, in an interview with a news agency yesterday in Abuja, said NSIA’s investment was to make fertiliser affordable all […]
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To ensure availability of petroleum products for local consumption, the Federal Government yesterday disclosed it was in talks with a number of financial institutions like the Central Bank of Nigeria (CBN), International Finance Corporation (IFC) and Nigerian Sovereign Investment Authority (NSIA), among others, to provide contributory financing to potential investors in modular refineries in the […]
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The Federal Government says it has generated over ₦3 trillion since the commencement of Treasury Single Account (TSA) policy. The Minister of Finance, Mrs. Kemi Adeosun, made the disclosure in a document to highlight the programmes of the ministry in the past 24 months. According to her, the government put its feet down to ensure […]
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More avenues to tackle the nation’s epileptic power supply were unveiled yesterday as InfraCredit, a top-rated infrastructure credit enhancement facility, established by the Nigeria Sovereign Investment Authority (NSIA) in collaboration with GuarantCo (a private infrastructure development group company), announced its inaugural 10-year guaranteed infrastructure bond in the Nigerian debt capital markets. The Chief Executive Officer […]
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For better management, accountability and probity, the Nigeria Extractive Industries Transparency Initiative (NEITI), yesterday, called on the Federal Government to immediately transfer the $95 million currently in the Stabilisation Fund and the $2.3 billion in the Excess Crude Account (totalling $2.395 billion) into the Sovereign Wealth Fund (SWF) domiciled with the Nigeria Sovereign Investment Authority […]
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The National Economic Council, NEC, yesterday, approved the injection of a fresh $250 million into the Sovereign Wealth Fund sourced from the Excess Crude Account (ECA). It also inaugurated a 9- member board of the Nigeria Sovereign Investment Authority, NSIA. Speaking at the inauguration of the board in Abuja, Acting President Yemi Osinbajo said the mandate […]
Read More The Nigerian Sovereign Investment Authority( NSIA) has secured Foreign Direct Investment commitments (FDIs) in excess of $305 million. The NSIA Managing Director/ CEO Dr. Uche Orji, who broke the news, said these Foreign Direct Investments (FDIs) had been sealed to provide financial investment in agriculture, infrastructure credit financing (infracredit) and estate development. Orji said the […]
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