• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, October 18, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

NSIA Reports Strong 2024 Financial Performance, Posts N1.89trn Income

by Mark Itsibor
7 months ago
in Business
NSIA
Share on WhatsAppShare on FacebookShare on XTelegram

The Nigeria Sovereign Investment Authority (NSIA) has announced its audited financial results for the 2024 fiscal year, showcasing a resilient investment strategy that yielded impressive earnings despite prevailing global macroeconomic and geopolitical challenges.

Advertisement

According to the audited report released on Monday, NSIA recorded its 12th consecutive year of profitability, amassing cumulative retained earnings of N3.74 trillion by the end of 2024.

The Authority’s total operating profits, excluding earnings from associates and joint ventures, surged from N1.17 trillion in 2023 to N1.86 trillion in 2024.

Advertisement

The remarkable growth was attributed to NSIA’s diversified investment portfolio, strong infrastructure assets, and gains from foreign exchange movements and derivative valuations.

The financial report also highlighted a 59% rise in Total Comprehensive Income (TCI), which reached N1.89 trillion in 2024, compared to N1.18 trillion in the previous year.

The Core TCI, which excludes foreign exchange and derivative valuation gains, soared by 148% to N407.9 billion in 2024 from N164.7 billion in 2023, reflecting robust returns on financial assets such as collateralized securities, private equity, hedge funds, and exchange-traded funds (ETFs).

RELATED NEWS

Italian Court Upholds Prison Sentence For Prosecutors In Eni-Shell Nigerian Oilfield Corruption Case

Sterling Bank Reaffirms Commitment To Africa’s Food Security, Sustainable Agriculture

States Court Global Investors In London, Dubai, Abu Dhabi

Snake Island Port, Port Authority Strengthen Partnership On Infrastructure Development

NSIA’s net assets nearly doubled, rising by 96% from N2.22 trillion in December 2023 to N4.35 trillion as of December 2024. These figures underscored the Authority’s strong financial health and effective fund management.

Commenting on the performance, NSIA’s managing director and chief executive officer, Aminu Umar-Sadiq, expressed confidence in the Authority’s strategic direction.

“The Authority’s outstanding financial performance in 2024 reflects the strength of our strategic vision, disciplined execution, and unwavering commitment to sustainable socio-economic advancement. By leveraging innovation, strategic partnerships, and sound risk management, we have not only delivered strong returns but also created value for our stakeholders,” he stated.

As part of its strategic restructuring, NSIA witnessed the appointment of a new Board in 2024, led by chairman, Mr. Olusegun Ogunsanya. The Board was constituted in accordance with the NSIA Act, and its primary role is to provide oversight, guide strategic decision-making, and ensure effective governance.

Under the guidance of the new leadership, NSIA reaffirmed its commitment to its core mandate—prudent management of Nigeria’s sovereign wealth, transparency, and sustainable investment. The Authority operates three mandate funds: the Stabilisation Fund, the Future Generations Fund, and the Nigeria Infrastructure Fund.

The funds are designed to support economic stability, ensure future financial security, and drive large-scale infrastructure development across the country.

Looking ahead, NSIA pledged to continue its mission of fostering long-term economic transformation by expanding opportunities, enhancing impact-driven projects, and ensuring Nigeria’s financial resilience.

The Authority remained poised to deliver exceptional risk-adjusted financial returns while simultaneously contributing to the nation’s economic advancement.

With its impressive 2024 financial performance, NSIA has reinforced its reputation as a cornerstone institution for Nigeria’s fiscal sustainability, economic development, and infrastructure transformation.

Join Our WhatsApp Channel

SendShare10172Tweet6358Share

OTHER NEWS UPDATES

Italian Court Upholds Prison Sentence For Prosecutors In Eni-Shell Nigerian Oilfield Corruption Case
Business

Italian Court Upholds Prison Sentence For Prosecutors In Eni-Shell Nigerian Oilfield Corruption Case

13 hours ago
Sterling Bank Launches N2bn Private University Scholarships For Nigerian Youth
Business

Sterling Bank Reaffirms Commitment To Africa’s Food Security, Sustainable Agriculture

13 hours ago
States Court Global Investors In London, Dubai, Abu Dhabi
Business

States Court Global Investors In London, Dubai, Abu Dhabi

13 hours ago
Advertisement
Leadership join WhatsApp

LATEST UPDATE

Imo Police Name Officers Involved Viral Cult Video

6 seconds ago

Arsenal Edge Fulham To Reclaim Spot At Premier League Summit

7 minutes ago

2027: Aregbesola Slams APC, Declares ADC Nigeria’s Only Credible Alternative

10 minutes ago

JUST-IN: DHQ Denies Coup Attempt To Overthrow Tinubu

16 minutes ago

PICTORIAL: Peter Obi, Others Attend ARISE News Achor Somtochukwu’s Funeral In Anambra

1 hour ago
Load More

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.