FG defends $5bn Abu Dhabi swap deal, denies pledging oil assets
The Federal Government has defended its $5 billion Total Return Swap facility with First Abu Dhabi Bank PJSC, saying no oil revenues or strategic national assets were pledged as collateral for the transaction. The Debt Management Office, in a Frequently Asked Questions document issued on August 27, 2026, said the facility is secured by naira-denominated […]












