Nigeria’s aircraft leasing company will allow airlines pay in naira — Minister (opens original article in a new tab)

Nigeria's aviation minister announced a proposed aircraft leasing company that would enable airlines to acquire aircraft using naira, reducing reliance on foreign currency and lowering financial risks.

• Nigeria's proposed aircraft leasing company will allow airlines to pay in naira instead of dollars
• The company will be privately funded with government guarantees to reduce risks for investors
• The initiative aims to help airlines access aircraft on more affordable terms