August 9, 2018 –
Abuja – Today, the Management of the Nigeria Sovereign Investment Authority (“NSIA” or “the Authority”) announces the payment of the gross sum of US$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 fund consists of the principal sum of US$350 million allocated to the NSIA from the proceeds of the US$1 billion Eurobond issued by the Federal Government of Nigeria in July 2013 under a fund management agreement and the sum of US$67.46 million (net of fees) as interest and earnings over the investment period.
July 3, 2018 –
Abuja –The Nigeria Sovereign Investment Authority (“NSIA” or “The Authority”), managers of Nigeria’s sovereign wealth fund, in partnership with the Ogun State Government (Ogun State) and the InVivo Foundation, the endowment fund of the InVivo Group, France's leading agricultural cooperative, have signed a Letter of Intent (“LOI”) to spearhead investments in reforestation and land restoration projects in Imeko and Aworo Forest and Game Reserves in Ogun State. Signed during a state visit by President Emmanuel Macron of France to President Muhammadu Buhari in Nigeria, the LOI will enable direct investment in Land Degradation Neutrality and Waste to Energy projects in Ogun State.Read More
June 20, 2018 –
Abuja -The Nigeria Sovereign Investment Authority (“NSIA” or “The Authority”), managers of Nigeria’s sovereign wealth fund, has won the 2018 Africa Investor (Ai) award for Sovereign Wealth Fund Infrastructure Investment Initiative, a second win for the Authority in this category having emerged winner of the same award in 2016. The organizer’s cited the Authority’s incubation and co-creation of Africa’s first infrastructure credit enhancement company called the Infrastructure Credit Guarantee Company Ltd (InfraCredit) as the factor that tipped the scale in NSIA’s favour.Read More
June 8, 2018 –
Abuja, Nigeria - The Nigeria Sovereign Investment Authority (“NSIA” or “The Authority”), manager of Nigeria’s sovereign wealth funds, today announced its audited results for 2017, reflecting the Fund’s fiscal position and investment activities for the year.
Highlights of NSIA’s activities and performance during the period are as follows:Read More
May 17, 2018 –
President Muhammadu Buhari has approved the establishment of a Presidential Infrastructure Development Fund (PIDF), which is to be managed by the Nigeria Sovereign Investment Authority (NSIA), and invested specifically in critical road and power projects across the country.
The National Economic Council (NEC) has also, today, May 17, 2018, authorised the initial transfer of $650 million dollars to the NSIA from the Nigeria Liquefied Natural Gas (NLNG) Dividend Account, as seed funding for PIDF.Read More