IMF Warns Nigeria on Risks of $5 Billion UAE Swap Deal

The IMF has reiterated its caution to Nigeria regarding the opaque and complex nature of its proposed $5 billion Total Return Swap deal with First Abu Dhabi Bank, urging the country to be aware of the associated risks.

10 Jun, 04:04 — 10 Jun, 04:04

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myjoyonlineMixed76d ago

IMF warns Nigeria of risks in $5 billion swap deal with UAE lender

The IMF on Tuesday warned of risks surrounding Nigeria's plan to borrow up to $5 billion through a derivatives agreement with ‌First Abu Dhabi Bank, saying such transactions are often opaque and complex.

By Abubakar Ibrahim

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IMF Warns Nigeria on Risks of $5 Billion UAE Swap Deal

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IMF warns Nigeria of risks in $5 billion swap deal with UAE lender

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