SWF: FG invests N32b, $1b excess crude revenue

The Federal Government has so far invested N32 billion ($200 million) of its fledgling Sovereign Wealth Fund (SWF), representing 20 per cent of the $1 billion (about N160 billion) to guard against commodity price shocks. Nigeria, Africa’s top oil producer and most populous nation, established the Sovereign Investment Authority (SIA) in 2011 in an effort to […]

SWF: FG invests N32b, $1b excess crude revenue

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