Investor Presentaiton
Third Party Funds
Nigeria
Sovereign
Investment
Authority
Third Party Funds
Nigeria Bulk Energy Trading PLC (NBET)
Debt Management Office (DMO)
FGN Stabilisation Fund
Nigeria
Sovereign
Investment
Authority
Investment
Returns
Mandate Size: US$350mn
In July 2014, the Federal Government
of Nigeria appointed NSIA to serve as
investment manager to this portion of
the funds.
NSIA's investment policy for the NBET
Fund is similar to that of the Stabilisation
Fund.
The investment objective is to balance
NBET's short-term liquidity needs and
safety of the funds.
The fund is fully invested. Mandate
expires (this Month) in June 2018
Benchmark Returns: 1 Year US Treasury
Yield +150BPS
Actual Returns as of:
о 31st December 2016: 5.42%
Mandate Size: US$100mn*
as
NSIA was appointed to serve
investment manager for US$200mn to
this portion of DMO's funds for gas-to-
power infrastructure projects. $100m
was allocated subsequently by FGN to
other projects.
NSIA's investment policy with regard to
the DMO Fund mirrors that of the
Nigeria Infrastructure Fund.
NSIA invested US$100mn in a private
bond with Seven Energy to enable the
completion of gas infrastructure in the
South-South.
Benchmark Returns: 6.875%
Actual Returns as of:
o 31st December 2016: 9.87%
Mandate Size: NGN 14.71bn
From May 2015, the Authority received
25% of funds accruing to the Federal
Government of Nigeria Stabilisation
Account on a regular basis for
investment on its behalf.
The Authority is required to invest the
funds in varied financial instruments.
Benchmark Returns: NIG Treasury Bills
Actual Returns as of:
o 31st December 2017: 10.1%
o 31st December 2017: 7.54%
o 31st December 2017: (7.0%)*
2.
1. NBET Funds invested under similar IPS as Stabilisation Fund
DMO Funds invested under similar IPS as Infrastructure Fund.
3.
FGN Stab managed per IMA
10
4.
*There are currently unresolved issues with Seven Energy investment hence the negative returnsView entire presentation