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Nigeria’s sovereign fund, Vitol, invest in carbon reduction

A joint venture between Vitol and Nigeria’s sovereign wealth fund has been established to engage in a variety of carbon avoidance and removal initiatives, the fund announced on Wednesday. An initial $50 million had been pledged, according to the Nigerian Sovereign Investment Authority (NSIA), and both companies were in the process of making a final Read More…

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N36.15bn added to Nigerian sovereign wealth fund in 2019

The Nigeria Sovereign Investment Authority (NSIA) recorded a Total Comprehensive Income (TCI) of N36.15 billion in 2019. Ms Stella Ojekwe-Onyejeli, the Executive Director and Chief Risk Officer at NSIA disclosed this at a virtual briefing (newsmen) on Friday in Abuja. Ojekwe-Onyejeli said the 2019 income was less when compared to the TCI for 2018 which Read More…