Tag: Sovereign Wealth Fund
Ramaphosa proposes new sovereign wealth fund
South African President, Cyril Ramaphosa, has proposed setting up a sovereign wealth fund to help boost economic growth and his…
Investment Fund contributors to reap dividends from 2018
The Managing Director, Nigeria Sovereign Investment Authority (NSIA), Mr Uche Orji, said on Monday that contributors to the Sovereign Wealth…
REVEALED: How Jonathan handed Nigeria’s sovereign wealth fund to Tony Blair, JP Morgan
Tony Blair continues to come under the spotlight as more claims against him emerge from the explosive new biography by…
Sovereign Wealth Fund: Nigeria makes first 2015 contribution of $250m
Nigeria will inject $250 million into its sovereign wealth fund, an official said on Thursday, making the first contribution since…
Mozambique plans sovereign wealth fund
Mineral-rich Mozambique is considering the establishment of a sovereign wealth fund, the country’s finance minister said Thursday. “We think it’s…
Libya’s Sovereign Wealth Fund sues Societe Generale
Libya’s sovereign wealth fund has sued French bank Societe Generale in a British court for $1.5 billion (1.1 billion euros)…
Nigeria expands Sovereign Wealth Fund with $550mn
Nigeria’s Federal Government said on Monday that it has added $550m to the country’s sovereign wealth funds managed by the…
Fashola: Why I oppose Sovereign Wealth Fund
Lagos State Governor, Mr. Babatunde Fashola (SAN), Monday reiterated that Nigeria’s Sovereign Wealth initiative was unconstitutional noting that he would…
South Africa’s PIC buys $289m stake in Dangote Cement
Dangote Cement Plc, the industrial company owned by Africa’s richest man, Aliko Dangote, has sold a 1.5 percent stake to…
Investment of $1b Sovereign Wealth Fund begins in June
Investment of the 1 billion dollar Sovereign Wealth Fund (SWF) will start in June, Mr Uche Orji, the Managing Director…
Sovereign Wealth Fund: No deal yet between FG, states
Nnamdi Felix / Abuja Nigeria’s Federal Government and state governors on Thursday, at the resumed hearing of the suit filed…
Controversy Over FIRS Top Job
The appointment of a new chairman for the Federal Inland Revenue Service is halted by legal action against the process,…
India scraps Sovereign Wealth Fund
India has dumped the Sovereign Wealth Fund proposal, describing the whole idea as stupid. News reports said the Prime Minister’s…
SWF: Court Gives Further Room For Settlement
Nnamdi Felix / Abuja The case instituted at the Supreme Court by Nigeria’s 36 states challenging the legality of the…
Nigeria off budget target
With three months left for the expiration of 2012, and another budget proposal due in less than two weeks, Nigeria…
Sovereign Wealth Fund: Out Of Court Settlement Hits Brickwall
Following the collapse of the Federal Government’s proposed out of court settlement in the disputed N1 billion deducted from the…
Subsidy Removal: Result Of Mismanagement
Professor Alaba Ogunsanwo, a lecturer in the Department of Politics and International Studies at Lead City University, Ibadan, Oyo State…
SWF Is llegal, Unconstitutional And Fraudulent – ACN
The Action Congress of Nigeria (ACN) has strongly condemned the aggressive clamour by the Federal Government to set up the…
SWF: Govs Head To Supreme Court
The ripples generated by Federal Government’s insistence to go ahead with the Sovereign Wealth Fund for which it earmarked one…