United Nigeria Airlines to raise N20 billion via first domestic commercial paper issuance
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United Nigeria Airlines announced it will issue commercial paper worth N20 billion, becoming the first domestic carrier to do so, according to businessday.ng and Naija247news.com.
The issuance is the first tranche of a planned N100 billion programme that will include two series with maturities of 270 days and 364 days, with Meristem Capital Ltd. acting as lead arranger; the airline currently operates ten aircraft and expects to take delivery of six additional planes before the end of 2026, as reported by Naija247news.com.