Tue, Sep 30, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches, Market

Nigeria panel drafts SWF plan

Posted on 08 October 2008

From Reuters: A committee of top Nigerian economic advisers has finalised a plan to set up a sovereign wealth fund aimed at softening any impact falling oil prices may have on the world’s eighth largest crude oil exporter.

Finance Minister Shamsuddeen Usman told Reuters a committee including Central Bank governor Chukwuma Soludo and President Umaru Yar’Adua’s economic adviser submitted a blueprint for the fund after deliberating on it for more than a year. The fund could allow a certain percentage of the nation’s revenues to be invested in international markets, providing a cushion from tumbling oil prices….. Full Article: Source


 Article link

This post was written by:

VRS - who has written 14845 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
September 2014
M T W T F S S
« Aug    
1234567
891011121314
15161718192021
22232425262728
2930