IMF Warns Nigeria on $5 Billion Derivative Deal, Notes Economic Reforms

The International Monetary Fund (IMF) has raised concerns about Nigeria's proposed $5 billion derivative deal with First Abu Dhabi Bank, while also acknowledging that the country's economic reforms are showing positive results despite persistent high poverty levels.

10 Jun, 19:49 — 10 Jun, 19:49

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Premium TimesMostly Factual75d ago

IMF flags risks in Nigeria’s planned $5 billion derivative deal with First Abu Dhabi Bank

"Our view is that the transactions in these types of structures carry risks,” said the IMF’s resident representative in Nigeria, Christian Ebeke said on Tuesday. The post IMF flags risks in Nigeria’s planned $5 billion derivative deal with First Abu Dhabi Bank appeared first on Premium Times Nigeria.

By Ronald Adamolekun

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IMF Warns Nigeria on $5 Billion Derivative Deal, Notes Economic Reforms

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IMF flags risks in Nigeria’s planned $5 billion derivative deal with First Abu Dhabi Bank

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