NSIA Profit Plummets 91% as Currency Windfalls Evaporate
The Nigeria Sovereign Investment Authority (NSIA) has reported a bruising 91% drop in annual profit, as the era of easy gains from naira devaluation came to an abrupt halt. Net income for the 2025 financial year fell to $107.03m, a staggering descent from the $1.24bn recorded in 2024. The state-owned fund, which manages Nigeria’s oil…