Close Menu
    Facebook X (Twitter) Instagram
    Trending
    • Minister Commends EMDRRI’s Environmental Mgt Efforts
    • Police Partners Security Experts, As IGP Inspects Intelligence Installations At Idu Community
    • IGP Upgrades Force Medical Section To Directorate Status
    • Nigeria Police Clarifies On Use Of USSD Codes
    • Benue Security: IGP Creates 2 New Area Commands, Upgrades 5 Divisions To Police Difficult Terrains
    • IGP In Strategic Partnership With Housing Ministry To Secure Affordable Housing For Police
    • Police Trains 192 Officers On Athena Forensic Intelligence Solution
    • House C’ttee Seeks Cooperation With Arewa Broadcast Forum On Baro Inland Port
    Facebook X (Twitter) Instagram YouTube
    HumsimediaHumsimedia
    • Home
    • News
      • News Analysis
      • Politics
      • Environment
      • Energy
      • Security
      • Defence
    • Entertainment
    • Business
      • Economy
    • Health
    • Interview
    • Lifestyle
    • Global News
    HumsimediaHumsimedia
    Home»News»Nigeria Sovereign Investment Authority Assets Grows To N4.3trn In 2024
    News

    Nigeria Sovereign Investment Authority Assets Grows To N4.3trn In 2024

    HumsiBy HumsiApril 1, 2025No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email

    By Lina Ama

    Nigeria Sovereign Investment Authority (NSIA) has announced its audited financial results for the 2024 financial year, revealing that it’s net assets grew to N4.3 trillion in 2024.

    This was contained in a statement signed on Monday by NSIA’s Head of Corporate Communications, Joyce Onyegbula.

    The Authority reported that its net assets nearly doubled, increasing by 96 per cent to N4.35tn as of December 2024, compared to N2.22tn in December 2023.

    The statement read: “Net Assets nearly doubled, increasing by 96 per cent to N4.35tn as of December 2024, compared to N2.22tn in December 2023.”

    The rise highlights the Authority’s successful investment strategy, driven by a diversified revenue base and robust risk management practices.

    According to the statement, NSIA maintained profitability for the 12th consecutive year, resulting in cumulative retained earnings of N3.74tn at the end of 2024.

    Total operating profits, excluding share of profits from associates and joint venture entities, rose from N1.17tn in 2023 to N1.86tn in 2024.

    The statement further revealed that the Total Comprehensive Income, including share of profits from associates and joint venture entities, reached N1.89tn in 2024, representing a 59 per cent increase from N1.18tn in 2023.

    Commenting on the results, the Managing Director and Chief Executive Officer, Aminu Umar-Sadiq, attributed the success to strategic vision, disciplined execution, and a commitment to sustainable socio-economic advancement.

    “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 said.

    Aminu Umar-Sadiq Assets Nigeria Sovereign Investment Authority
    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    Humsi
    • Website

    Related Posts

    Minister Commends EMDRRI’s Environmental Mgt Efforts

    August 23, 2025

    Police Partners Security Experts, As IGP Inspects Intelligence Installations At Idu Community

    August 22, 2025

    IGP Upgrades Force Medical Section To Directorate Status

    August 22, 2025
    Leave A Reply Cancel Reply

    Recent Posts
    • Minister Commends EMDRRI’s Environmental Mgt Efforts
    • Police Partners Security Experts, As IGP Inspects Intelligence Installations At Idu Community
    • IGP Upgrades Force Medical Section To Directorate Status
    • Nigeria Police Clarifies On Use Of USSD Codes
    • Benue Security: IGP Creates 2 New Area Commands, Upgrades 5 Divisions To Police Difficult Terrains
    Facebook X (Twitter) Instagram Pinterest
    © 2025 Humsimedia. Designed by Humsi Media.

    Type above and press Enter to search. Press Esc to cancel.

    • example-unintentional-tort
    • read-excerpt-fast-food-nationevery-saturday-elisa-zamot
    • standard-deck-52-playing-cards-contains-13-cards-four
    • read-excerpt-allen-ginsbergs-supermarket-californiai
    • people-typically-buy-one-product-service-instead-another
    • ancient-artifact-recently-discovered-due-rust-corrosion
    • materials-scrap-iron-rubber-aluminum-recycled-warthey
    • actions-forbidden-constitutioncreating-law-ex-post
    • roles-part-navajo-nations-executive-branchnavajo-nation
    • jordan-jar-quarters-60-quarters-jar-jar-weighs-52-ounces
    • help-mara-describe-home-family-choose-best-spanish
    • excerpt-annabel-lee-provides-best-evidence-support
    • partition-africa-create-artificial-boundarieseuropeans
    • sentence-contains-gerundduring-night-temperature
    • read-excerpt-shakespeares-romeo-andjulietjuliet-ay
    • improvisation-jazz
    • charles-wants-find-students-foreign-language-classes
    • review-paragraph-article-simple-way-tocreate
    • read-excerpt-dark-gamemr-h-quickly-began-talking
    • following-limitation-universal-declaration-human