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

Nigerian parliament passes sovereign wealth fund bill

Posted on 18 May 2011

Nigeria’s House of Representatives passed a bill to create a sovereign wealth fund on Tuesday, paving the way for Africa’s biggest oil exporter to improve its management of windfall crude oil earnings.
The bill now needs to be signed by President Goodluck Jonathan. Nigeria’s upper house of parliament passed the legislation last week……………………………………….Full Article: Source


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