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FG clarifies $5 billion Abu Dhabi swap, says no oil assets pledged

The Federal Government has defended its $5 billion Total Return Swap (TRS) facility with First Abu Dhabi Bank PJSC (FAB), saying no oil revenues or strategic national assets were p

Olalekan AdigunAugust 28, 20261 min read
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The Federal Government has defended its $5 billion Total Return Swap (TRS) facility with First Abu Dhabi Bank PJSC (FAB), saying no oil revenues or strategic national assets were pledged as collateral for the transaction.

The post FG clarifies $5 billion Abu Dhabi swap, says no oil assets pledged appeared first on Nairametrics.

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