United Nigeria Airlines Company Limited has announced plans to issue commercial paper with a first tranche of N20 billion, making it the first domestic operator to do so. According to its September 2026 investor presentation, the commercial paper will be issued in series one and two with tenors of 270 days and 364 days. The proposed issuance is the first under the airline's N100 billion commercial paper programme. Meristem Capital Limited is the lead arranger, with Cordros Advisory Services Limited, Coronation Merchant Bank Limited, FCMB Capital Markets Limited, FSL Advisory Limited and Quantum Zenith Capital & Investments Limited as dealers. The airline seeks to strengthen its financial position and expand domestic, regional and international operations.
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