Friday SWFI News Roundup, November 20, 2015
National Economic Council Says NSIA to Get US$ 250 Million Injection
Nigeria’s National Economic Council, during a meeting, decided to inject US$ 250 million toward funds managed by the Nigerian Sovereign Investment Authority (NSIA). The National Economic Council is decision-making body which includes 36 state governors across Nigeria. The money is coming from US$ 400 million worth of liquefied natural gas dividends. The other US$ 150 million will be shared accordingly by a prescribed formula at the federation account. Nigeria’s excess crude account stands at around US$ 2.257 billion.
Exeter Property Group and GIC JV Agree to Buy 3 Industrial Properties in Poland
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