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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Fund Profile/New Launches

Nigeria: The sovereign wealth bill

Posted on 27 September 2010

From Compassnewspaper.com: At last, after much delay and resentment by the state governors, the Federal Government and the state governments have agreed to the setting up of a National Sovereign Wealth Fund. A bill to establish the Fund has also been sent to the National Assembly by President Goodluck Jonathan.
A National Sovereign Wealth Fund is an investment fund owned by a country. It is usually composed of financial assets such as hard currencies, investments in high quality stocks, bonds, property, gold bars, precious metals or other financial instruments……………………………………….Full Article: Source

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