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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Volatility delays investment from Nigeria sovereign wealth fund

Posted on 02 December 2013

Nigeria’s new $1bn sovereign wealth fund has delayed making its initial investments due to the volatility in global markets.
In a first for Nigeria, the fund was launched in October to safeguard oil revenues for future generations and provide a buffer against external shocks. Though modest in global terms, it is the third biggest sovereign wealth fund in sub-Saharan Africa, after the $6.9bn Botswana and $5bn Angola funds………………………………Full Article: Source


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