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

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. In April, Nigeria’s Senate gave its approval to the agreement, joining other African borrowers like Senegal and Angola who have tapped into […]

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