DMO: FG Didn’t Pledge Oil Revenues, Strategic Assets as Collateral for $5bn Abu Dhabi Bank’s Facility
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Ndubuisi Francis in Abuja
The Debt Management Office (DMO) has explained that the federal government did not pledge oil revenues or strategic assets, such as ports or airports, as collateral for the $5 billion Total Return Swap (TRS) facility between the Federal Government of Nigeria (FGN) and First Abu Dhabi Bank PJSC (FAB).According to the debt management agency, Nigeria pledged Naira-denominated Federal Government of Nigeria (FGN) Bonds, which are domestic securities it can manage through
The Debt Management Office (DMO) has explained that the federal government did not pledge oil revenues or strategic assets, such as ports or airports, as collateral for the $5 billion Total Return Swap (TRS) facility between the Federal Government of Nigeria (FGN) and First Abu Dhabi Bank PJSC (FAB).According to the debt management agency, Nigeria pledged Naira-denominated Federal Government of Nigeria (FGN) Bonds, which are domestic securities it can manage through
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