General News
Turkish Airlines Records $12Bn Aircraft Financing Deals in 10 Years

Turkish Airlines has crowned its success with 21 international finance awards in the past 10 years for raising $12 billion with three new awards for its successful aircraft financing models.
The three new awards won at Bonds & Loans Awards Night and which brought the number of awards on its financial models to 21 include “Transport Finance Deal of the Year”, “Trade and Export Finance Deal of the Year” and “Structured Finance Deal of the Year”.
Turkish Airlines has been awarded as the runner up in “Trade and Export Finance Deal” category by Bonds & Loans for its brand new B777-300ER aircraft delivered in September 2015.
The total financing builds up to 16,8 billion Japanese Yen and the structure is a combination of an innovative, complex and unique U.S. Ex-Im Guaranteed French Tax Lease.
This structure has been successfully implemented by Turkish Airlines by placing the financing in Japanese Yen rather than placing the predominant currency in aircraft finance which is American Dollar.
The structure was arranged by BNP Paribas, where tax leverage is achieved in this deal together with Ex-Im Bank Guarantee coverage, enabling Turkish Airlines to use the advantages of both export guarantee and tax leverage leading to a low cost of financing for the subject aircraft.
Turkish Airlines has been awarded as the runner up in the “Structured Finance Deal of the Year” category as well by Bonds & Loans for its brand new 3 A321-200 aircraft delivered between September and November 2015.
Turkish Airlines’ primary goal was to obtain a long-term and diversified cheap funding source.
Accessing to the Japanese capital markets have added another source together with the banking market and contributed to diversify the geographic exposure.
Moreover, this transaction has also achieved an attractive 100% LTV financing at low cost by combining with Japanese equity.
This deal is the first-ever JPY denominated EETC for aircraft financing in the world, which has established a brand new financing structure by integrating conventional EETC with JPY capital markets.
This fully worked-out structure put multiple aircrafts into multiple classes and provided liquidity support from a Japanese bank, which boosted the acquisition of higher rating than the obligor‘s credit.
Flag carrier has also been awarded as the finalist in the “Transport Finance Deal of the Year” category by Bonds & Loans at the awards ceremony held in İstanbul, for its brand new 1 B777-300ER and 8 B737-800 aircraft delivered between May and August 2016.
The total financing builds up to 430 million Euros and the structure is a combination of an innovative, complex and one-of-a-kind U.S. Ex-Im Guaranteed format French Tax Lease with Bridge Loan.
Tax leverage is achieved in this deal together with Ex-Im Bank Guarantee coverage, enabling Turkish Airlines to use the advantages of both export guarantee and tax leverage leading to a low cost of financing for the subject aircraft.
Also, as US Ex-Im is not active at the moment, there are bridge loans embedded into the Ex-Im guaranteed structure for each aircraft, leading to the benefit of having lower costs of financing also until Ex-Im coverage is available.
Ms. Ayşegül Denli, Turkish Airlines’ SVP Finance, received the awards on behalf of the carrier. In her acceptance speech she emphasized her great pride in winning the honor.
She continued by saying that; “It’s very important and also valuable for us to win 3 awards for the financial models that we implemented in 2016, which was a very tough year on global scale. Turkish Airlines exhibits leading performance in all areas of aviation, constantly working for continued success.
“As a result of this ongoing effort, we have received a wide range of awards which provide a substantial encouragement and satisfaction to our team. I want to thank both Bonds & Loans and our devoted team, which has put their hearts and souls into these projects.”
Turkish Airlines has had very innovative and first-of-a-kind financing models rewarded by Jane’s Transport Finance, Global Transport Finance, Bonds & Loans, and Airfinance Journal in respect of its financing models that have been put in practice in 2006, 2008, 2011, 2012, 2013, 2014, 2015 and 2016.
Turkish Airlines has crowned its success with 21 international aircraft finance awards in the past 10 years for raising 12 billion US Dollars.
Its various innovations include being the first ever JPY denominated EETC; the first ever ECA backed French Lease; the first ever US Exim backed French Lease; the first ever ECA backed JOLCO Lease; the first ever US Exim backed JPY denominated Convertible Bond; and the first ever ECA Guaranteed Italian Tax Lease in Japanese Yen denomination.
General News
NRS Debunks Viral Claim of New Tax on Vehicle

Nigeria Revenue Service (NRS) has denied reports that the federal government has introduced a new tax on vehicles.

The clarification follows the circulation of a viral message online claiming that all vehicle owners would be required to start paying a new tax from July 1, 2026.
In a statement released on Sunday, the NRS said the information in the message is false and did not come from the agency or any official government institution.Nigeria Travel Guides
According to Dare Adekanmbi, spokesperson for the NRS, the viral message was designed to mislead the public. He explained that it was made to look genuine by using official government logos and formatting.
The message reportedly instructed owners of private, commercial, and corporate vehicles to pay an unspecified fee either online or through approved banks and agencies. It also included a website that was wrongly presented as an official government platform.
Adekanmbi stressed that the website mentioned is not connected to the government and warned Nigerians not to make any payments based on such information.
He said the NRS has not introduced any new vehicle tax and that any official policy or tax change would be properly announced through verified government channels.
The agency urged citizens to ignore the fake message and avoid falling victim to possible fraud. It also advised Nigerians to always confirm such information through trusted and official sources before taking any action.
The NRS further encouraged the public to follow its official communication platforms to stay informed about genuine tax policies, updates, and government directives.
General News
NCC to Intensify Crackdown on Illicit Network to Protect Copyrights

National Copyright Commission (NCC) has reaffirmed that piracy remains a major threat to the nation’s creative economy, vowing to intensify its nationwide crackdown on illicit networks to protect intellectual property.

Pic credit…soundcloud.com
Dr. John Asein, director-general of the NCC, disclosed this in a statement to mark the 2026 World Book and Copyright Day.
The commission noted that piracy remains a major threat, undermining legitimate enterprise and eroding the economic value of creative works.
Asein lamented that inadequate distribution systems and limited access to books also constrain the growth of readership.
He described the event as an important occasion, which showcased the enduring value of books as foundations of knowledge, instruments of cultural preservation, and drivers of national development.
He described the theme for this year’s celebration, ‘Read Books, Respect Copyright,’ as a call on Nigerians to embrace reading as a lifelong habit, while recognising that respect for copyright is essential to sustaining creativity and rewarding authors.
The commission noted that Nigeria’s book industry has evolved significantly, from the post-independence emergence of indigenous publishing to today’s digitally driven ecosystem.
“Nigerian authors continue to gain global recognition, while publishers are expanding capacity. However, challenges persist,” he said.
The commission commended the National Intellectual Property Policy and Strategy, describing it as a bold step toward repositioning intellectual property as a driver of economic transformation.
The policy, according to him, provides a roadmap for revamping the book sector for the benefit of authors and publishers, and is accessible at ippolicy.ng.
The NCC also reaffirmed its commitment to inclusive access through the Marrakesh Treaty, as reflected in the Copyright Act, 2022, enabling accessible formats such as Braille and audio texts.
It urged Nigerians to respect copyright and purchase books only from authorised sources.
General News
Fusewall Holdings Acquires 100% Stake in Coloplus, Expands Telecom Infrastructure Footprint

Fusewall Holdings, founded by Azeez Amida, has announced the acquisition of a 100 percent equity stake in Coloplus Worldwide Service Limited, in a move aimed at strengthening its position in Nigeria’s telecommunications infrastructure space.

Fusewall Holdings
The deal marks a significant milestone in Fusewall’s broader strategy to build an integrated and future-ready platform across key sectors, particularly within the country’s fast-evolving digital economy.
The transaction was led by Amida, whose role in structuring and executing the deal was described as pivotal. According to the company, his leadership helped align stakeholders and navigate complex negotiations to ensure a successful close while positioning the business for long-term growth.
A spokesperson for Fusewall Holdings said the acquisition represents “a deliberate step forward” in the company’s expansion strategy, noting that the focus remains on building platforms that combine operational efficiency, resilience, and scale.
Coloplus brings a substantial operational footprint to the deal, including access to about 900 partner locations and roughly 20 owned sites. This combination of reach and infrastructure control is expected to give Fusewall a strategic advantage as it scales operations nationwide.
Fusewall said it plans to deploy capital, strengthen governance structures, and enhance operational execution as part of the integration process. The move is expected to improve service delivery, boost infrastructure reliability, and support expansion into underserved and high-demand areas.
The acquisition also aligns with the company’s broader ambition to help bridge Nigeria’s telecommunications infrastructure gap by expanding connectivity, improving network resilience, and advancing digital inclusion.
Fusewall Holdings said the deal reflects its commitment to disciplined execution and long-term value creation as it continues to grow its footprint in Nigeria’s digital ecosystem.
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