Nigeria: Firm to Manage Sovereign Wealth Fund
The government has appointed a leading financial services firm, JP Morgan, as the custodian of the Sovereign Wealth Fund in preparation for the formal launch next month.
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Nigeria: JP Morgan to Manage Sovereign Wealth Funds
Vanguard, 21 February 2013
Leading financial services firm, JP Morgan, has been appointed by the Federal Government as the custodian of the Sovereign Wealth Fund preparatory to the formal take off of the ... read more »
Show me the money.
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Nigeria: JP Morgan to Manage Sovereign Wealth Fund
This Day, 22 February 2013
The Federal Government has appointed a leading financial services firm, JP Morgan, as the custodian of the $1 billion Sovereign Wealth Fund (SWF), preparatory to the formal ... read more »
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Nigeria: NEC Discloses SWF Modus Operandi
This Day, 21 February 2013
The National Executive Council (NEC) Thursday rose from its second meeting of the year disclosing how the $1 billion Sovereign Wealth Fund (SWF) will operate in order to meet the ... read more »
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Nigeria: U.S.$1 Billion SWF to Become Operational By March - FG
Leadership, 22 February 2013
The $1 billion Sovereign Wealth Fund (SWF) will operate in accordance with the agenda set up for it, and will become operational by the end of next month, the federal government ... read more »
InFocus
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The implementation of the controversial Sovereign Wealth Fund is expected to kick off on October 2nd, following the federal government's approval of its Board and appointment of ... Read more »
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The federal government and the 36 states have failed to reach an out-of-court settlement over the dispute arising from the maintenance of the Excess Crude Account and the transfer ... Read more »
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Plans by the government to transfer U.S.$1 Billion from the Excess Crude Account to the new Sovereign Wealth Fund may have met a brick wall with the country's governors. Read more »
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What is the matter with these people? How much will this foreign company receive for its services? Are there no Nigerian firms that could be charged with managing this large sums of money? Why always foreigners? Is this not the reason that there are many Nigerians in other countries around the world as second class citizens? Seriously, what is the matter with these people? So, this company takes some of this money home and invests it in their own economy, while we maintain the original sum. And they wonder why Africans are abused abroad and called demeaning names! African administrators have gone mad! Am I the only one that sees a problem with this move?