FG’s investment authority grows revenue by 343% to N160bn - Punch Newspapers

The Nigeria Sovereign Investment Authority, manager of Nigeria’s sovereign wealth fund, on Tuesday announced its audited results for 2020 financial year, reflecting a 343 per cent growth in income to N160bn.

The authority said, “Despite the challenges of COVID-19, NSIA had a strong year owing to strong performance from its investments in international capital markets, improved contribution from subsidiaries and affiliates and exchange gain from foreign currency positions.” The authority received additional contribution of $250m and provided first stabilisation support to the Federal Government of $150m withdrawn from Stabilisation Fund.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

FG, state partner to train finance officers - Punch NewspapersThe most widely read newspaper in Nigeria
Fonte: MobilePunch - 🏆 8. / 63 Consulte Mais informação »

NAICOM, LCCI seek investment to drive insurance growth - Punch NewspapersThe most widely read newspaper in Nigeria How will NAICOM seek investment to drive insurance growth in Nigeria when insurerance companies would refused to pay after three years of termination of policy. Worst still they've continued to display obsolete phone numbers on their website, making it difficult for complainants
Fonte: MobilePunch - 🏆 8. / 63 Consulte Mais informação »