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Reps propose 20% investment cap to protect trust fund beneficiaries

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The House of Representatives has proposed limiting trustees’ investments in a single issuer to 20 per cent of a trust fund’s portfolio to reduce...

FG disburses N249.6bn health fund in three years, targets 17,600 facilities

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The federal government says it has disbursed N249.6 billion to the Basic Health Care Provision Fund (BHCPF) in the past three years, representing 77.1...

Amazon to fund 12 small nuclear reactors at former Indiana coal...

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Amazon is funding development of a proposed 960-megawatt nuclear plant in Indiana and would be the first customer to buy its power, the companies...

Lightspeed targets $250M for new India fund, focusing on early-stage AI

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Lightspeed is sharpening its India strategy around AI, targeting $250 million for a new early-stage fund as the venture firm bets the technology will...

Taraba South Senator Jimkuta, PDP candidate clash over alleged N500m fund

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Senator representing Taraba South Senatorial District in the National Assembly, David Jimkuta, has denied allegations that he received N500 million earmarked for women’s empowerment...

Thrive Capital led VCs into pro sports ownership; Collaborative Fund just...

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Collaborative Fund, the 15-year-old, New York-based generalist venture firm that has roughly $1 billion under management and which made early bets on Lyft, Reddit,...

Embattled hedge fund Situational Awareness invests $400M in chip startup Source...

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Situational Awareness may have had to sell off the majority of its public portfolio last month, but the AI-focused hedge fund is still making...

Founders Fund hires former OpenAI exec Ryan Beiermeister (and not because...

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Ryan Beiermeister has joined Founders Fund as a partner, she announced on Monday. Beiermeister is well-known in Silicon Valley for a number of reasons....

FG Injects ₦32.8bn into Basic Healthcare Fund

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BY IUR REPORTER—The Federal Government has approved the disbursement of ₦32.8 billion through the Basic Healthcare Provision Fund (BHCPF) implementing gateways as part of...

NACA, Global Fund and Partners to convene national close-out meeting on...

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The National Agency for the Control of AIDS (NACA), in collaboration with the Global Fund and key implementing partners, will convene a national close-out...