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The Nigeria Sovereign Investment Authority and managers of the country’s Sovereign Wealth Fund have announced a 1,122 per cent increase in its total comprehensive income, which closed at N1.18 trillion for 2023, relative to N96.96 billion reported in 2022.
This report was contained in its 2023 audited financial results made available to Newsmen on Friday.
Total Comprehensive Income (excluding foreign exchange gains) rose from N21.39bn in the previous year to N164.69bn, marking a 670 per cent increase attributed to the Authority’s robust strategic asset allocation and adherence to best-in-class enterprise risk management processes.
