The Nigeria Sovereign Investment Authority (NSIA) has announced its audited results for 2023 financial year, posting a recorded 11 consecutive years of positive earnings with a cumulative annual growth rate of 117.3 percent.
The Authority said in a statement that the financial performance underscores its resilience in investment strategy and the quality of its earnings, despite global macro-economic, and geo-political challenges.
NSIA’s net assets grew 119 per cent to ₦2.22 trillion as of December 2023 from ₦1.02 trillion in December 2022.
The financial statement showed that NSIA’s total operating income increased from ₦101.1 billion in the previous year to ₦1.18 trillion, inclusive of foreign exchange gains during the period.
“This significant rise was attributed to the positive performance of the equities and fixed-income portfolios, as well as the positive performance of NSIA’s infrastructure investments,” its head of corporate communications, Joyce Onyegbula…
Source: Leadership Newspaper
