Monday, September 24, 2018

Tag "Nigeria Sovereign Investment Authority (NSIA)"

    NSIA to manage $350m power fund for NBET

NSIA to manage $350m power fund for NBET

The Nigerian Bulk Electricity Trading Plc (NBET) and the Nigeria Sovereign Investment Authority (NSIA) on Thursday signed a funds management agreement over the $350 million (N56.7 billion) allocated to NBET for power generation projects in the country.The fund, generated from the $1 billion Eurobond issued by the federal government in July 2013, which is to enable NBET enter power purchase agreements [...]

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    NSIA joins International Forum of Sovereign Wealth Funds

NSIA joins International Forum of Sovereign Wealth Funds

The Nigeria Sovereign Investment Authority (NSIA) has announced its admission into the International Forum of Sovereign Wealth Funds – IFSWF.In a press release by NSIA, it disclosed that it will be formally inducted at the next IFSWF Annual Meeting in Doha, capital of Qatar, on November 19-20, 2014, where it will also sign the membership agreement and formal declaration of [...]

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    NSIA, GuarantCo partner for infrastructure financing

NSIA, GuarantCo partner for infrastructure financing

The Nigeria Sovereign Investment Authority (NSIA) and GuarantCo have struck an arrangement to explore the possibility of creating a Nigerian Credit Enhancement Facility (NCEF).This is to attract the investment interest of a pool of capital to finance infrastructure in the country.The targeted capital will come from pension funds, insurance companies and sovereign wealth funds.Creating NCEF is expected to provide credit [...]

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Exchange Rates

September 24, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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