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SWF: FG invests N32b $1b excess crude revenue

The Federal Government has so far invested N32 billion ($200 million) of its fledgling Sovereign Wealth Fund (SWF), representing 20 per cent of the $1 billion (about N160 billion) to guard against commodity price shocks. Nigeria, Africa’s top oil producer and most populous nation, established the Sovereign Investment Authority (SIA) in

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