The International Monetary Fund (IMF) has raised concerns over Nigeria’s proposed $5 billion borrowing arrangement with First Abu Dhabi Bank, warning that such financial structures may be opaque, complex and difficult to fully assess in terms of risk exposure

The International Monetary Fund (IMF) has counselled the federal government against the proposed $5billion Total Return Swap (TRS) External Financing Programme with the First Abu…

The IMF warns Nigeria about the opaque and risky nature of its proposed $5bn Total Return Swap deal with First Abu Dhabi Bank, urging caution despite impro