Nigerian Sovereign Fund Boosts Exposure to Asia, European Assets
Save
Nigeria's sovereign wealth fund reduced its exposure to the US at the beginning of this year and bought other investments to diversify its portfolio.
The fund, which had 4.42 trillion naira ($2.76 billion) under management as of December, reduced the exposure of its Future Generation Fund to US markets and bought more Japanese, Australian and European assets, Umar-Sadiq said in an interview with Bloomberg TV on the sidelines of Qatar Economic Forum in Doha on Tuesday.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
5 hours ago
- Bloomberg
Nigeria $17 Billion Pension Industry Eyes Investment Flexibility
Nigeria's pension fund managers have asked the industry regulator to grant them greater flexibility to invest so they have greater scope to boost returns that have been eroded by high inflation and currency depreciation. Firms that oversee 26.4 trillion naira ($17 billion) in retirement funding want to allocate money to areas such as export-oriented businesses, toll roads, real estate and high-growth unlisted companies, Access ARM Pensions Chief Executive Officer Dave Uduanu said in an interview.
Yahoo
9 hours ago
- Yahoo
Dangote's Bet: Billionaire Looks to Dominate Oil Refining
Aliko Dangote's oil refinery, 50 miles from the center of Lagos, is the billionaire's boldest bet. Bigger than any in Europe, it took 11 years and $20 billion to build, three-and-a-half times as long and more than twice as much money as initially planned. Bloomberg's Paul Burkhardt reports. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
10 hours ago
- Bloomberg
Dangote's Bet: Billionaire Looks to Dominate Oil Refining
Aliko Dangote's oil refinery, 50 miles from the center of Lagos, is the billionaire's boldest bet. Bigger than any in Europe, it took 11 years and $20 billion to build, three-and-a-half times as long and more than twice as much money as initially planned. Bloomberg's Paul Burkhardt reports. (Source: Bloomberg)
