Friday, 21 September 2012

CBN Bars Arik and Aero from Bank Loans

The Central Bank of Nigeria has barred two major Airlines; Arik Air and Aero Contractors from receiving any additional loans from financial institutions over their massive outstanding debts.

According to information released by the Central Bank, Arik Air which suspended its domestic flights on Thursday owes the Asset Management Corporation of Nigeria more than $534 million.


3 comments:

Anonymous said...

No more flying for on these two aircraft me because no money for maintenance on these plans

Paul said...

Wahala dey

Anonymous said...

When is our country going to move forward as giant of Africa