United Nigeria Airlines plans N20bn commercial paper issuance, marking first domestic airline entry into Nigeria's short-term debt market.
Amount Raised
₦20 Billion
Round Type
Venture
NigeriaLeisureTravelInvestors
Description
United Nigeria Airlines is planning to raise N20 billion through its debut commercial paper issuance, becoming the first domestic airline in Nigeria to access the short-term debt market. The issuance comprises Series 1 and Series 2 commercial papers with tenors of 270 days and 364 days respectively, under a N100 billion commercial paper programme. Meristem Capital Limited will arrange the transaction, with five dealers supporting the offering. The funding will support the airline's five-year growth strategy targeting expanded domestic, regional and international operations.
Quick answer
United Nigeria Airlines raised ₦20 Billion in a funding round, dated October 18, 2026. Investors: Quantum Zenith Capital & Investments Limited, FSL Advisory Limited, FCMB Capital Markets Limited, Coronation Merchant Bank Limited, Cordros Advisory Services Limited and Meristem Capital Limited. United Nigeria Airlines is based in Nigeria.
- How much did United Nigeria Airlines raise?
- United Nigeria Airlines raised ₦20 Billion in a funding round on October 18, 2026.
- Who invested in United Nigeria Airlines?
- Quantum Zenith Capital & Investments Limited, FSL Advisory Limited, FCMB Capital Markets Limited, Coronation Merchant Bank Limited, Cordros Advisory Services Limited and Meristem Capital Limited are named as investors in this round.
- What does United Nigeria Airlines do?
- United Nigeria Airlines is a leading domestic carrier in Nigeria committed to enhancing connectivity and customer satisfaction in the aviation sector.
- Where is United Nigeria Airlines based and how big is it?
- United Nigeria Airlines is based in Nigeria. Fundz records about 262 employees.
Source: Fundz verified event record.
Who else raised in Leisure and Travel around the same time
Companies in the same sectors as United Nigeria Airlines that raised within 45 days of this round, from Fundz verified event records.
- Southwest Airlines raised $1.3B (Funding Round) on November 2, 2026.
- Nox raised $2.2M (Pre-Seed) on October 28, 2026.
- roadsurfer raised an undisclosed amount on October 26, 2026.
- Bucketlistt raised $800K (Seed) on October 26, 2026.
- TravClan raised $5M on October 22, 2026.
- Stockman Development raised $483M on September 23, 2026.
Who to call at United Nigeria Airlines, and when
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