1. Nigeria Seeks $5 Billion Swap Deal with UAE's First Abu Dhabi Bank to Counter Rising Debt Costs
Nigeria is negotiating a major $5 billion derivatives deal with the United Arab Emirates' largest lender, First Abu Dhabi Bank PJSC, in a strategic move to slash its soaring borrowing costs. This high-stakes financial instrument, known as a swap, is a direct response to the global yield surge driven by the conflict in ...