FG pays $22.5m in charges on controversial UAE loan

🇳🇬 Punch Nigeria (NG) —
FG pays $22.5m in charges on controversial UAE loan

AI Summary

Nigeria’s federal government paid $22.5 million in charges during the second quarter of 2026 on a controversial $1.5 billion Total Return Swap financing from First Abu Dhabi Bank. The payment was reported in Debt Management Office data.

The Federal Government paid $22.5m in charges on its controversial $1.5bn Total Return Swap financing from First Abu Dhabi Bank in Q2 2026, DMO data shows. Read More: https://punchng.com/fg-pays-22-5m-in-charges-on-controversial-uae-loan/

Politics Markets Deals Nigeria public debt Total Return Swap First Abu Dhabi Bank financing costs Debt Management Office government finance

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