Yearly Archives: 2018
Redemption of NBET Fund
Today, the Management of the Nigeria Sovereign Investment Authority (“NSIA” or “the Authority”) announces the payment of the gross sum ofUS$417.46 million to the Nigeria Bulk Energy Trading Company Plc (“NBET”) following the expiration of the 4 years investment term.
NSIA, Ogun State Government & InVivo Sign Letter of Intent for Land Restoration Projects
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 spearhea investments in reforestation and land restoration projects in Imeko and Aworo Forest and Game
Reserves in Ogun State.
NSIA wins International Awards for Infrastructure Investment
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.
NSIA Announces Audited Financial Result for 2017 Financial Year
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.
NEC Approves $650M Seed Funding as FG Establishes Presidential Infrastructure Development Fund
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.
NSIA Invests in Smallholder Framers through Babban Gona Franchise Model
The Board of Directors of the NSIA, led by the Chairman, Mr. Jide Zeitlin and the Managing Director, Mr. Uche Orji today signed an agreement for the investment of US$5.0 million in Babban Gona (“BG” or the “Company”), a high impact, scalable agricultural franchise that focuses on smallholder
farmers.
NHDIC and Federal Ministry of Health co-invest in Healthcare.
Abuja- In a significant step towards providing citizens with access to world class healthcare, the NSIA Healthcare Development and Investment Company (“NHDIC”), an NSIA Company, in collaboration with Federal Ministry of Health (“FMOH”) today announced the execution of joint venture and other project agreements for investments in 3 federal healthcare institutions in Nigeria namely, the Lagos University Teaching Hospital (LUTH, Lagos), the Aminu Kano Teaching Hospital (AKTH, Kano) and the Federal Medical
Centre Umuahia (FMCU, Abia).