The Nigeria Sovereign Investment Authority, managers of the country’s Sovereign Wealth Fund, has announced a 1,122 per cent increase in its total comprehensive income, which closed at N1.18trn for 2023, relative to N96.96bn reported in 2022.

This was contained in its 2023 audited financial results available to The PUNCH 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 which was attributed to the Authority’s robust strategic asset allocation and adherence to best-in-class enterprise risk management processes.

Details later…