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SWI upgrades Nigeria on transparency index

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The Sovereign Wealth Institute has upgraded the Nigeria Sovereign Investment Authority from four to nine points on its Linaburg-Maduell Transparency Index.

The transparency index was developed at the SWI by Carl Linaburg and Michael Maduell and is a method of rating transparency in respect to sovereign wealth funds, a statement by the NSIA said.

The authority, in a statement, explained that the SWI’s second quarter 2014 ratings had upgraded the authority to nine points out of a maximum of 10 available on the ranking. Continue Reading

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