Fri, Sep 19, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Nigeria’s foreign reserves rise to $38.2bln

Posted on 19 August 2010

From Tribune.com.ng: The nation’s foreign exchange reserves rose around three per cent to $38.2 billion by mid-August from $37.1 billion at the end of last month. Finance Minister, Olusegun Aganga had said that he wanted a sovereign wealth fund to replace the excess crude account, which has no clear constitutional basis.
Forex reserves stood at $43.3 billion a year earlier, but have fallen sharply since then due to demand pressure from importers and a reduction in accruals from oil export revenues……………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 14769 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