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Arik Air Shareholders Dispute AMCON’s Debt Claims

ByAdmin

Arik Air, one of Nigeria’s prominent airlines, has publicly denied claims made by the Asset Management Corporation of Nigeria (AMCON) regarding an alleged debt of $292 million owed to the corporation. The shareholders’ statement comes just two days after AMCON announced that liquidation of the airline remains a possible option.

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African Export-Import Bank to Lease 25 Aircraft to Nigerian Airlines

ByAdmin

The African Export-Import Bank (Afreximbank), headquartered in Egypt, has announced plans to bolster Nigerian airlines by providing 25 aircraft through its leasing subsidiary. This initiative is aimed at addressing the critical need for fleet modernization and capacity enhancement in Nigeria’s aviation sector.