Nigeria senate mulls sovereign wealth fund plan
Reuters states, “Nigeria’s Senate is working on legislation to create a sovereign wealth fund aimed at softening any impact falling oil prices may have on the OPEC member’s economy, the finance...
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Nigeria to fast track sovereign wealth fund
According to Reuters, “Nigeria plans to fast track the creation of a sovereign wealth fund after powerful state governors, who initially opposed the idea, softened their stance, Central Bank Governor...
View ArticleNigerian President Goodluck Jonathan Signs SWF Bill
According to the press release, “President Goodluck Ebele Jonathan has said that his Administration was fully committed to making Nigeria’s oil assets a vehicle for wealth creation, economic...
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Nigerian Foreign Exchange Reserves Drop Around $1 Billion in a Week
High world oil prices greatly contribute to Nigeria’s currency reserves. Nigeria’s foreign exchange reserves slightly moved down from $34.57 billion on July 13, 2011, to $33.54 billion on July 22. This...
View ArticleNigeria Sovereign Investment Authority is Hiring
Despite all the political arguments on the validity of the Nigerian sovereign wealth funds, the authority is moving forward in developing operations and selecting candidates for executive positions....
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Nigerian Sovereign Wealth Funds and the Future
Last year, Nigeria, the biggest oil producer in sub-Saharan Africa, replaced its Excess Crude Account (ECA) with three sovereign wealth funds, Future Generations Fund, Nigerian Infrastructure Fund and...
View ArticleNigeria’s Sovereign Wealth Chugs Forward
Nigeria’s sovereign wealth funds have been a contentious political issue for the country. The direction of natural resource revenue has pitted the Nigerian Governors Forum against the Nigerian federal...
View ArticleNigeria Targets 5 Billion for SWFs, Playing Catch up to Angola
The Nigerian Ministry of Finance plans to augment the size of Nigeria’s sovereign wealth funds to US$ 5 billion within the next three years. Currently, the Nigerian Sovereign Investment Authority...
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Public Investment Corporation Buys Stake in Dangote Cement
South Africa’s Public Investment Corporation (PIC) acquired a 1.5% stake in Dangote Cement Plc. The deal was worth about US$ 289.3 million. Dangote Cement is the biggest listed company in Nigeria. As...
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Q&A with Uche Orji, CEO of the Nigeria Sovereign Investment Authority
Uche Orji This interview will appear in the 3Q Y2013 (October 2013) issue of the Sovereign Wealth Quarterly. This is a Q&A with Uche Orji, the Managing Director/CEO of the Nigeria Sovereign...
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Nigeria’s Sovereign Funds and IFC to Support Nigerian Infrastructure Development
The Nigerian Sovereign Investment Authority (NSIA) is partnering with the International Finance Corporation (IFC) to develop, finance and implement infrastructure projects that will stimulate job...
View ArticleNigerian Sovereign Wealth Commits 10 Million to Ag-Fund
The Nigerian Sovereign Investment Authority (NSIA), through its infrastructure fund, has committed US$ 10 million to an agriculture-focused financing vehicle known as FAFIN, or Fund for Agricultural...
View Article3 Things to Watch in NSIA Allocation to Infrastructure
The Nigerian Sovereign Investment Authority (NSIA) has made historic moves into domestic infrastructure. The infrastructure fund constitutes 40% of the allocation of the NSIA. On February 26, 2013, the...
View ArticleSingapore’s Temasek Takes Sub-Saharan Africa Energy Bet
Singapore’s Temasek Holdings is moving into the sub-Saharan African natural resource market. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view...
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Nigerian Sovereign Wealth to Work With GuarantCo to Assist Infrastructure...
Uche Orji, CEO of the NSIAThe Nigeria Sovereign Investment Authority (NSIA) has entered into an arrangement to explore the possible creation of a Nigerian Credit Enhancement Facility (NCEF). By...
View ArticleFriday SWFI News Roundup, August 15, 2014
Malaysian Airlines to be Fully Acquired by Khazanah Nasional The plagued Asian airlines, Malaysia Airlines, is going to be taken private by Khazanah Nasional, the country’s sovereign wealth fund. The...
View ArticleDangote Transaction: Dubai Money Flows Into West Africa
Nigeria-based Dangote Cement is a publicly-traded company on the Nigeria Stock Exchange, with a market capitalization of approximately US$ 24.5 billion (largest company in Nigeria by market...
View ArticleNSIA and Seven Energy Ink Deal
The Nigeria Sovereign Investment Authority (NSIA), through its gas and power funds managed on behalf of Nigeria’s Debt Management Office, has signed a commitment letter to invest at least US$ 100...
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GROW: Nigeria Sovereign Investment Authority Seeks to Manage up to $5 Billion
Officials from the Nigerian Federal Government are contemplating the addition of more capital to total US$ 5 billion for the Nigeria Sovereign Investment Authority (NSIA) to manage, the entity that...
View ArticleFriday SWFI News Roundup, February 20, 2015
NAMA Awards Cushman & Wakefield Corporate Finance NPL Sales Mandate Ireland’s National Asset Management Agency (NAMA) has awarded Cushman & Wakefield Corporate Finance the mandate to sell a...
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