FEDERAL GOVERNMENT

Afrexim Bank Commits to Multimillion Dollars Aircraft Financing for Nigerian Airlines

The African Export-Import Bank (Afrexim) has expressed commitment to financing aircraft acquisition for Nigerian airlines. Afrexim Bank which provides financing solutions and advisory services for the expansion, diversification, promotion and development of intra-and extra-African trade made the commitment during the sideline meeting with the Minister of Aviation and Aerospace Development, Festus Keyamo, at the on-going […]

Aviation

AfDB, Afreximbank Earmark $20bn for Establishment of Leasing Company, MRO in Nigeria

African Development Bank (AfDB) and African Export, Import Bank (Afreximbank) have agreed to raise capital base of about $20 billion for the actualisation of federal government’s plan to establish aircraft leasing company and Maintenance, Repair and Overhaul (MRO) facility. This is in line with the two financial institutions’ objective to support aviation development in Africa […]