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Sovereign Wealth Funds Briefing - Categorized | Performance

Nigeria’s excess crude fund, external reserves drop

Posted on 27 July 2009

From Vanguardngr.com: Nigeria’s excess crude account has dropped from $20 billion (N3.004 trillion) at the beginning of the year to $11.2 billion (N1.646trn) in June.
This implies that in the last six months, the various tiers of government in the federation have shared a total of $9bn (N1.323tr) from that account………..Full Article: Source


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