Nigeria’s main opposition party said it will scrap the country’s sovereign wealth fund and a separate excess crude account if it wins elections in February.
Showing posts with label Nigeria Sovereign Investment Authority. Show all posts
Showing posts with label Nigeria Sovereign Investment Authority. Show all posts
Thursday, October 2, 2014
Thursday, September 26, 2013
Nigeria fund invests $200 mln as oil price cushion
NEW YORK (Reuters) - Nigeria's fledgling sovereign wealth fund on Monday completed investment allocations for the 20 percent of the $1 billion it is setting aside to guard against commodity price shocks, its chief executive said.
Wednesday, October 19, 2011
Nigeria Starts Sovereign Wealth Fund With $1 Billion
Nigeria, Africa’s top oil producer, started a sovereign wealth fund with an initial capital of $1 billion and hired KPMG to select its management team.
“It is clear that given current challenges facing our economy and the global financial crisis, we cannot afford to waste any more time,” Finance Minister Ngozi Okonjo-Iweala told reporters in Abuja today. “What we have done can be compared to opening an account for the sovereign wealth fund and commencing with other necessary procedures in preparation for full implementation.”
“It is clear that given current challenges facing our economy and the global financial crisis, we cannot afford to waste any more time,” Finance Minister Ngozi Okonjo-Iweala told reporters in Abuja today. “What we have done can be compared to opening an account for the sovereign wealth fund and commencing with other necessary procedures in preparation for full implementation.”
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