ABUJA (Reuters) - Nigeria will begin investing the
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Posted On: 12/20/2012 11:40:08 PM
ABUJA (Reuters) - Nigeria will begin investing the initial $1 billion allocated to a new sovereign wealth fund by March, a finance ministry statement showed on Thursday, pushing back the launch previously proposed for this year. Africa's biggest oil producer is one of only three OPEC member states that do not yet have a wealth fund. Global markets and investors are closely watching Africa's second-biggest economy's plans for such a fund. Nigeria's finance ministry issued a statement on Thursday titled "Investment starts March 2013", saying it will begin investing in several different assets. ...
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