Sovereign Wealth Fund Institute (SWFI) is a global organization designed to study sovereign wealth funds, pensions, endowments, superannuation funds, family offices, central banks and other long-term institutional investors in the areas of investing, asset allocation, risk, governance, economics, policy, trade and other relevant issues. Ifeanyi Onuba, Abuja. This sovereign wealth fund was founded for the purpose of managing and investing these funds on behalf of the government of Nigeria. Essentially, a limp appendage to what should otherwise be an impressive profile under normal circumstances. A sovereign wealth fund (SWF), sovereign investment fund, or social wealth fund is a state-owned investment fund that invests in real and financial assets such as stocks, bonds, real estate, precious metals, or in alternative investments such as private equity fund or hedge funds.Sovereign wealth funds invest globally. Dangote says these shares bought back will be held as Treasury Shares and subsequently canceled. ), has given approval for the withdrawal of $150m from the Sovereign Wealth Fund … Since the Super Eagles had abdicated their God-given mandate to awaken our patriotic zeal, many Nigerians had forgotten what it feels like to feel that patriotic zeal. Nigeria cannot fund the deficit from the fx reserves, as they are mostly already spoken for. In the latest released NSE Domestic & Foreign Portfolio Investment for October, total value traded surged in line with expectations as value grew 81.5% m/m to N244.9bn (US$634.6m) in October 2020 from N135bn (US$350.6m) in September 2020. In the interim, there is a need to adjust the times for the trip to allow people arriving in Ibadan ample time to get home before it gets dark. I walked up to one of the Ticketing Counters and promptly purchased a ticket for the economy carriage for N2,500 and off I went to the platform. There have been the Excess Crude Account (ECA), and the Nigeria Sovereign Investment Authority (NSIA). I had to leave Lagos that Wednesday back to Ibadan or else I would face some sort of revolt whenever I got home. Dangote Cement Plc (DCP), Nigeria’s most capitalized stock, announced it will buy back up to 10% of her issued 10.04billion ordinary shares on December 30. Its investment returns supplement the country’s annual budget in areas such as education, R&D, health care and physical environment. Foreign outflows rose to N56.4bn (US$146.2m) in October compared with N26.1bn (US$67.8m) in September. The benchmark All Share Index gained for the sixth consecutive month, up higher by 14.0%. With the current benchmark system, if oil price falls to $37, Nigeria does not save. I will keep you updated. The platform like most of the imposing new station was still under construction and workers could be seen hard at work as you approached the train. To measure cheap, I will relate DCP market price to earnings or the PE Ratio, DCP is trading at PE of 16, its competition WAPCO is trading at 17, the overall Nigeran Stock market is trading at 14.66. It’s a completely made-up word that describes a married man that lives in a separate town or state from his family and usually has to commute to spend time with family during festive period especially. Assets could be cash in the company’s bank account or even fixed assets that can be sold to fund the purchase. Daniel Olika September 16, 2019 August/September 2019. This was December 23rd, 2 days to Christmas and I did not fancy facing a mini rebellion from 3 young kids (with the tacit support of their mum of course), and so the decision was made to find my way to Ibadan unfailingly that. You can just see lush green land mixed with Rivers and Streams in all directions and very few passengers could resist the urge to take pictures on both approaches. 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