Press Release

Global Credit Ratings Co. (GCR) - GCR accords a ‘AAA(NG)(sf)’ indicative rating to Viathan Funding Plc’s Series 1 Guaranteed Bonds

November 3, 2017 –

Lagos, 25 October 2017—Global Credit Ratings has accorded an indicative public long term rating of ‘AAA(NG)(sf)’ to the Series 1 Senior Guaranteed Fixed Rate Bonds (“Bonds” or “Series 1 Bonds”) to be issued by Viathan Funding Plc (“VFP” or “the Issuer”), under the Issuer’s N50bn Medium Term Note Programme (“MTNP” or the “Programme”); with the Outlook accorded as Stable. The Series 1 Bonds amount is anticipated to be N10bn, with final maturity of November 2027. 

 

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NSIA Announces Change in Capital Allocation Strategy From 20:40:40 To 20:30:50

October 16, 2017 –

Abuja – October 16th, 2017: The Board of Directors of the NSIA is pleased to announce
the approved changes in the Authority’s capital allocation strategy which, forthwith, will
result in increased capital contributions to the Nigeria Infrastructure Fund (NIF). Going
forward, all contributions to the Fund will be allocated in the ratio 50:30:20 with 50% in the
NIF, 30% in the FGF and 20% in SF. This decision was arrived at during the recently ended
2017 fourth quarter Board meeting which held at NSIA’s Office, Abuja.
 

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Sahel Capital Closes Fund for Agricultural Finance in Nigeria (FAFIN) at $65.9 Milllion

June 19, 2017 –

Sahel Capital, fund manager for the Fund for Agricultural Finance in Nigeria (“FAFIN”), is pleased to
announce the successful $65.9 million final close of its debut fund. As part of this close, the African
Development Bank, CDC Group, and the Dutch Good Growth Fund have jointly committed $31 million
to FAFIN, joining existing co‐sponsors of the fund to drive agricultural transformation in Nigeria.
 

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NSIA Announces 2016 Performance

April 4, 2017 –

The Nigeria Sovereign Investment Authority (“NSIA” or “The Authority”), manager of
Nigeria’s sovereign wealth funds, today announced its performance for the year ended
31st December 2016 as audited by PricewaterhouseCoopers.
 

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FGN reconstitutes NSIA’s Board

March 21, 2017 –

FGN announces the reconstitution of the Board of Directors of NSIA

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