 The Nigerian Sovereign Investment Authority, NSIA, recorded an income of 160.06 billion Naira last year, marking a 343% more than the 36.15 billion Naira income it recorded the previous year. Announcing its 2020 audited financial report in a virtual platform, managing director of NSIA Uche Oji said despite the challenges of COVID-19, NSIA had a strong year. He attributed the strong performance to NSIA's investment in international capital markets, improved contribution from subsidiaries and affiliates, and exchanged gain from foreign currency positions. The NSIA income came from the devaluation gain of 51 billion Naira and core income of 109 billion Naira compared to 33.07 billion Naira in 2019.