IMF Warns Nigeria Over Risks In bn UAE Loan Deal

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…

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Borno Cholera Death Toll Hits 74

Borno Cholera Death Toll Hits 74

[mc4wp_form id=33047] The Médecins Sans Frontières (MSF), on Tuesday, said the cholera outbreak that began in early May in Nigeria’s northeastern Borno state has killed at least 74 people. According to MSF, 7,850 suspected cases had been recorded across 14 local government areas as of June 7. The government had earlier announced 27 deaths and…

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