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Emerging Markets

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

Nairametrics · 1h ago · 🇳🇬 Nigeria

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 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 .

Read the full story at Nairametrics →

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