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Nigeria’s $5 billion swap: What it is, what it costs, and what Abuja isn’t saying

BusinessDay carried a story on August 24 raising fresh questions about the $5 billion Total Return Swap (TRS) the National Assembly approved on March 31, 2026 — a facility now bein

Op-Ed ContributorAugust 27, 20261 min read
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BusinessDay carried a story on August 24 raising fresh questions about the $5 billion Total Return Swap (TRS) the National Assembly approved on March 31, 2026 — a facility now being drawn in tranches. The paper quoted Dele Oye, chairman of the Alliance for Economic Research and Ethics Ltd/GTE, saying the government needs to be […]

The post Nigeria’s $5 billion swap: What it is, what it costs, and what Abuja isn’t saying appeared first on Nairametrics.

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