Yearly Archives: 2020
NSIA Announces Audited Financial Results for 2019 Financial Year
The Nigeria Sovereign Investment Authority (“NSIA” or “The Authority”), manager of Nigeria’s sovereign wealth fund, today announced its results for the 2019 financial year. The results show that the Authority sustained its positive performance trajectory in the period under review.
Nigerian Government to withdraw US$150 million from the Stabilisation Fund (SF) of the Sovereign Wealth Fund (SWF) to contain emerging fiscal risks
The Nigeria Sovereign Investment Authority (“NSIA” or “The Authority”), manager of Nigeria’s sovereign wealth funds, today announces that the FGN plans to draw the sum of US$150 million from the Stabilisation Fund (SF).
Trilateral Agreement on the Sharing, Transfer, Repatriation, Disposition and Management of Certain Forfeited Assets
On the 3rd of February 2020, the Federal Government of Nigeria (“FGN”), The Bailiwick of Jersey and the Government of the United States of America entered into an agreement regarding the sharing, transfer, repatriation, disposition and management of certain forfeited assets (the “Recovered Assets Agreement”).