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Nigeria’s wealth fund plans to focus on shielding its assets from market volatility this year after rising interest rates and surging food costs led to a 33% drop in earnings. The Abuja-based Nigeria Sovereign Investment Authority, which manages 1 trillion naira ($2.2 billion) in assets, will use new inflows to buy debt that acts as |
NSW Treasurer Daniel Mookhey is laying the groundwork for a revamping of state government finances.
Secret briefings have revealed rising borrowings and expenses are putting pressure on NSW’s two remaining AAA credit ratings.
A controversial $15 billion fund set up by Dominic Perrottet to pay down debt could be in line for changes.
NSW Treasurer Daniel Mookhey has pushed the budget back by three months and urged taxpayers to brace for pain as he prepares to swing the axe on Coalition spending commitments.