Regulation, Risk & Compliance
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Amid budget pressures, Nigeria moves to borrow $6 billion from Citi, Abu Dhabi Bank
The approval, granted alongside the 2026 budget, allows Africa’s largest economy to raise $5 billion from First Abu Dhabi Bank and $1 billion from Citi. The funds are expected to finance infrastructure projects, clear outstanding obligations from previous budgets, and support debt servicing. The borrowing comes as Nigeria expands its…
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Click here to read the full story: Africa Business Insider