NSIA

The Nigerian Sovereign Investment Authority (NSIA) has entered into a joint venture pact with Swiss-based commodity trading company Vitol in a move to invest in a number of carbon avoidance and removal projects. Both parties are close to making a final investment decision on the maiden projects to be launched via the partnership, the authority said in a statement. The collaboration has committed $50 million in initial capital, hoping the push will draw additional investors. The joint venture is targeting local…

President Muhammadu Buhari has approved the appointment of Aminu Umar-Sadiq as the Managing Director and Chief Executive Officer (MD/CEO) of the Nigeria Sovereign Investment Authority (NSIA). Mr Buhari also appointed Kolawole Owodunni and Bisi Makoju as Executive Directors of the Authority, a statement by the Special Adviser, Media & Communications to the Finance Minister, Yunusa Abdullahi, said Monday. The appointment of the new MD & CEO follows then end of Uche Orji’s two successive five-year terms…

Nigeria’s Aviation Minister Hadi Sirika has said the Nigerian Sovereign Investment Authority (NSIA) is not part of the private equity ownership of the Nigeria Air project as the government initially claimed on Friday. In a statement issued by a Special Assistant (Public Affairs) to the minister, James Odaudu, on Saturday, Mr Sirika said the NSIA is not in any way involved in the Nigeria carrier bidding process. “We wish to clarify that the Authority (NSIA) is not involved, in any way, as part of the private…

The Nigeria Sovereign Investment Authority (NSIA) has entered a joint venture pact with Dutch energy and commodity trader Vitol to plough an initial $50 million into projects targeted at cutting back carbon emissions in Africa’s biggest crude producer. The duo is setting sights on projects of high integrity and huge impact and with potential for carbon avoidance and removals, according to a statement seen by PREMIUM TIMES. NSIA and Vitol are stepping up efforts to collaborate with…