Capital raise

  For decades, Nigeria’s capital markets have viewed commercial aviation through a lens of extreme caution. High operational volatility, foreign exchange pressures, and heavy debt burdens have historically made institutional investors hesitant to back domestic carriers with non-bank debt instruments. That long-standing status quo has now been broken. United Nigeria Airlines (UNA) has successfully closed the first tranche of its ₦100 billion Commercial Paper (CP) programme, raising ₦22 billion in a historic debut that marks…