…As Comprehensive Income Surges By 1,122% In FY 2023 The Nigeria Sovereign Investment Authority (NSIA) on Thursday restated its continued commitment to strong corporate governance, accountability, transparency and inclusion of critical stakeholders in its continued strive to improve the nation’s infrastructure for improved performance of the economy and value-addition to socioeconomic well-being of the […]
The Nigeria Sovereign Investment Authority (NSIA) on Thursday announced its audited results for the 2023 financial year, which reflected a huge surge in its net assets’ value to N2.22 trillion from the N1.02 trillion it recorded in 2022 financial year, representing 119% increase year-on-year. The financial performance, which reflected improvements in its performance across all […]
The Nigeria Sovereign Investment Authority (NSIA) has announced the flagging off of the second edition of the NSIA Prize for Innovation (NPI 2.0), with a prize value of US$220,000 and an all-expense paid, five-week training at Draper University, Silicon Valley, USA. The maiden edition of the NPI Programme commenced with over 2,000 applications and a rigorous […]
The Nigeria Sovereign Investment Authority (NSIA) and All On, a Nigerian impact investor with focus on renewable energy, have announced a collaborative initiative to deepen electricity supply in energy-deprived communities across the country. Under the arrangement, the partners will deploy Distributed Renewable Energy (DRE), a transformative approach that utilizes small-scale solutions like solar mini-grids and […]
The Nigeria Sovereign Investment Authority (NSIA), manager of Nigeria’s sovereign wealth fund, and Z Capital Group (ZCG), a leading private markets asset management firm, have signed a Memorandum of Understanding (MoU) on a joint venture partnership to establish a fund focused on infrastructure investments in Africa. The collaboration enables the parties to leverage the unique […]
The Nigeria Sovereign Investment Authority (NSIA) has launched a $500m Renewables Investment Platform for Limitless Energy (RIPLE) as part of its commitment to boosting the nation’s power generation and supply on a sustainable basis in the years ahead, Specifically, the initiative aims at the development, investment, and operation of renewable energy projects across the entire […]
….Facilitates $1Bn Third-Party Investments The Nigeria Sovereign Investment Authority (NSIA) has disclosed that it committed $500 million to domestic infrastructure and enabled over $1 billion third-party investments in the country so far. The Managing Director/Chief Executive Officer of the Authority, Mr Aminu Umar-Sadiq, made this disclosure on Tuesday during an investigative hearing of the Ad-hoc […]
The Nigeria Sovereign Investment Authority (NSIA), the manager of Nigeria’s sovereign wealth fund and the National Council on Climate Change (NCCC), signed a Memorandum of Understanding (MoU) in furtherance of the collective efforts to mitigate climate change impacts on the country. The MoU, which was signed by the NSIA’s Managing Director/CEO, Mr. Aminu Umar-Sadiq, and […]
The Nigeria Sovereign Investment Authority (NSIA) on Thursday reported a 10.5% growth in its net assets to N1.02 trillion in financial year (FY) 2022, when compared to the N919.73 billion the assets’ value stood in FY 2021 The authority’s Managing Director/Chief Executive Officer, Mr. Aminu Umar-Sadiq, who disclosed this during a chat with journalists at […]
President Muhammadu Buhari on Monday inaugurated the 10 megawatts Kano solar power project funded by the Nigeria Sovereign Investment Authority (NSIA) at a cost of $16 million. Speaking during the epochal event in the nation’s sustainable, environment-friendly power project drive, Buhari expressed satisfaction with the installation of the solar power plant, with over 21,000 solar […]