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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches

Nigeria to float SWF

Posted on 05 October 2009

From Thisdayonline.com: In a bid to create more assets for the Nigeria with her foreign reserves currently put at about $42billion, the country is set to join the league of economies of the world that have used their foreign reserve to set up sovereign wealth funds (SWFs).
Finance minister, Dr. Mansur Murhtar, made this known in Istanbul , Turkey , while briefing journalists on the outcome of the several meetings the Nigerian delegations to this year’s World Bank/ International Monetary Fund (IMF) had with the IMF/World Bank officials and the Africa caucus meeting………………Full Article: Source


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