IMF Warns Nigeria Over Risks In $5bn UAE Loan Deal
[mc4wp_form id=33047] The International Monetary Fund (IMF) has warned Nigeria that its planned $5bn (approximately N7tn) financing deal with First Abu Dhabi Bank carries transparency and refinancing risks, saying derivative-based transactions are often opaque and complex. “Our view is that the transaction in these types of structures carry risks. Usually they are opaque so the…
