• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

NSIA announces N57bn earned income, reveals 2019 outlook

Bamidele Samuel Adesoji by Bamidele Samuel Adesoji
May 1, 2019
in Business News, Company News, Company Results
NSIA announces N57billion earned income, reveals 2019 outlook
Share on FacebookShare on TwitterShare on Linkedin

Nigeria Sovereign Investment Authority (NSIA), has declared N57.73 billion as total income earned in 2018. According to the official report on its website, the total income generated by the corporation in the year 2018 grew by 88.5%.

Specifically, the NSIA report shows that in the year 2017, total income was N30.62 billion, while 2018 income increased to N57.73 billion. Also, the sum of N23.82 billion was recorded as interest income, as against N21.77 billion in 2017. This indicates that interest income earned increased by 9% year-on-year.

Following increase in interest generated, the corporation stressed that such rise in interest returns underscores its commitment to generate fixed income returns from low-risk securities that generate predictable interest, and steady returns including Eurobonds, Treasury bills and other secured deposits.

RelatedStories

NSIA, Siemens Healthineers sign agreement to strengthen cancer care infrastructure in Nigeria 

NSIA, Siemens Healthineers sign agreement to strengthen cancer care infrastructure in Nigeria 

November 9, 2024
Nigeria Sovereign Investment Authority awards $220,000 to three Nigerian startups

Nigeria Sovereign Investment Authority awards $220,000 to three Nigerian startups

July 22, 2024

Robust growth despite challenges: NSIA stated that despite several growths-inhibiting challenges, robust growth was recorded with a favourable trajectory across the three funds (i.e The Stabilisation Fund, Future Generations Fund and Nigeria Infrastructure Fund).

NSIA disclosed that the corporation was faced with concerns over international trade flows, slow growth in key economic indicators, and increased volatility across financial markets during the period under review. According to NSIA:

“Equity market experienced a dramatic decline in the last quarter of 2018 as Investors were burdened with rising US central bank interest rates, lower than expected growth in Asian market particularly China and other political issues including Brexit, Eurozone and the China-US trade conflict, characteristically fueled Investor apathy for most of the year.”

Total Assets hit N617.70bn:  NSIA further highlighted that total assets recorded a growth of 16% to N617.70 billion at year-end compared to N533.88 billion in the corresponding period.

Similarly, the total comprehensive income (including the impact of foreign exchange gains) of N44.34 billion as against N27.93 billion in 2017. However, the total comprehensive income (excluding the impact of foreign exchange gains) of N26.29 billion up from N26.28 billion in 2017.

[Real Also: IMF ranks Nigeria’s sovereign wealth fund second-worst in the world]

Breakdown of management of NSIA assets:

  • NSIA core capital- US$1.5 billion
  • PIDF – US$650 million
  • Debt Management Office – US$122.60 million
  • Nigeria Stabilisation Fund amounted to ₦13.64 billion
  • Gross sum of US$417.46 million (US$350 million principal plus returns) repaid to the Nigeria Bulk Electricity Trading Company Plc (“NBET”) following the expiration of the 4-year investment term.

Positive Outlook for 2019: Despite high volatility that the global market witnessed in 2018, NSIA expressed optimism to a relatively stable business terrain. Also, the corporation stressed that there are no apparent expectations of recession risks in 2019. However, the Authority continues to monitor the market conditions with the view to leverage the upside risks that avail themselves in the market.

“We expect that our strategy will continue to deliver positive returns.”

Also, NSIA reiterated that the deployment of the Presidential Infrastructure Development Fund will play a key role in its infrastructure investment strategy for the year. While healthcare remains a focus area going forward with the implementation of the next
the phase of diagnostic and treatment centres, the corporation identified Gas industrialisation as an area of focus.

About NSIA: The Nigeria Sovereign Investment Authority, a corporate body established by the Nigeria Sovereign Investment Authority (Establishment, etc.) Act 2011, is mandated to manage funds in excess of budgeted hydrocarbon revenues. NSIA operates three mandate funds: the Stabilisation Fund, the Future Generations Fund and the Nigeria Infrastructure Fund.


Follow us for Breaking News and Market Intelligence.
Tags: Nigeria Sovereign Wealth Authority (NSIA)NSIA
Bamidele Samuel Adesoji

Bamidele Samuel Adesoji

Samuel is an Analyst with over 5 years experience. Connect with him via his twitter handle

Related Posts

NSIA, Siemens Healthineers sign agreement to strengthen cancer care infrastructure in Nigeria 
Health

NSIA, Siemens Healthineers sign agreement to strengthen cancer care infrastructure in Nigeria 

November 9, 2024
Nigeria Sovereign Investment Authority awards $220,000 to three Nigerian startups
Sectors

Nigeria Sovereign Investment Authority awards $220,000 to three Nigerian startups

July 22, 2024
NERC's new meter pricing sparks divergent opinions among industry and consumers 
Economy

FG deducts N120 billion from April revenue as first tranche of Presidential Metering Initiative funding  

July 10, 2024
Lagos State
Business

Sanwo-Olu to establish Lagos state sovereign investment fund, lobbies NSIA to invest in Lekki airport project 

July 4, 2024
Aminu Umar-Sadiq, NSIA
Sectors

NSIA shortlists 26 startups for accelerator phase of its $220,000 innovation prize

June 25, 2024
NITDA, Digital skills
Sectors

Startup Act: NITDA inaugurates labelling committee as over 12,948 startups register 

June 7, 2024
Next Post
British Airways move to new International Terminal of the Nnamdi Azikiwe International Airport, FAAN, Federal Airports Authority of Nigeria

British Airways beats FAAN's deadline, relocates to Nnamdi Azikiwe's new terminal

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • EFCC declares Kano indigene, Auwalu Tijjani wanted over alleged $1.9m money laundering  
  • Customs intercepts N9.23billion worth of counterfeit drugs, hands over 25 containers to NAFDAC 
  • Court dismisses ‘scavengers, beggars’ N500 million demand against FCT Minister, Wike  

Follow us on social media:

Recent News

EFCC: Achimugu’s case unrelated to Atiku, Sanwo-Olu, agency says

EFCC declares Kano indigene, Auwalu Tijjani wanted over alleged $1.9m money laundering  

July 11, 2025
FX rate for customs import duties rises again by N37 

Customs intercepts N9.23billion worth of counterfeit drugs, hands over 25 containers to NAFDAC 

July 11, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics