The Federal Government on Thursday said it would from March 2013 begin the investment of the Sovereign Wealth Fund as mandated by the Act setting it up. The Minister of Finance, Dr. Ngozi Okonjo-Iweala, said this in a statement issued by her Senior Special Assistant on Communications, Mr. Paul Nwabuikwu. […]
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Nigerian parliament passes 2013 budget, inflates spending
Nigeria’s national assembly on Thursday passed a 4.987 trillion naira ($31.6 billion) 2013 budget, inflating proposed spending put forward by President Goodluck Jonathan and reducing the amount of oil money put into savings. Jonathan had sent the national assembly a 4.92 trillion naira budget proposal in October. He will need […]
IntercontinentalExchange buys NYSE Euronext for $8 billion
IntercontinentalExchange agreed an $8 billion deal to buy New York Stock Exchange owner NYSE Euronext on Thursday, propelling the commodities player into European financial futures and helping it to take on arch rival CME Group. Atlanta-based ICE will look at selling Euronext, NYSE’s European stock market businesses, in an initial […]
