News Formal

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

  • 📰 MobilePunch
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

The most widely read newspaper in Nigeria

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received additional contribution of $250m and provided first stabilisation support to the Federal Government of $150m withdrawn from Stabilisation Fund.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 8. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

FG, state partner to train finance officers - Punch NewspapersThe most widely read newspaper in Nigeria
Källa: MobilePunch - 🏆 8. / 63 Läs mer »

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
Källa: MobilePunch - 🏆 8. / 63 Läs mer »