Announcing an impressive increase in its total comprehensive income, the Nigeria Sovereign Investment Authority, which manages the country’s Sovereign Wealth Fund, disclosed a substantial growth to N1.18trn for 2023, compared to N96.96bn recorded in 2022.
The 2023 audited financial results, now available to NewsNow, highlighted this remarkable achievement.
The Total Comprehensive Income (excluding foreign exchange gains) saw a significant jump from N21.39bn in the previous year to N164.69bn, representing a 670% increase attributable to the Authority’s effective strategic asset allocation and commitment to top-tier enterprise risk management practices.
Further details to follow…