RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home Business

Nigeria To Partner With Hungarian Company On Airplane Production

Lateefah Ibrahim

Rate Captain by Rate Captain
August 24, 2021
in Business, Economics, News
Reading Time: 2 mins read
A A
0
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

AlsoRead

Petrol Climbs to N1,400 per Litre as Transport Fares Rise Across Nigeria

Cooking Gas Prices Drop Across Nigeria as Lagos Records Lowest Rate of N1,200 per kg

Depots Increase Petrol Prices to N1,230 per Litre Following Dangote Refinery’s Pricing Shift

 The Government of Nigeria has expressed readiness to partner with the Magnus aircraft, a Manufacturing industry in Hungary to establish an assembling plant and begin to manufacture in Nigeria from start to finish before the end of the President  Muhammadu Buhari administration.

The Minister of Aviation Senator Hadi Sirika expressed the interest when he paid an inspection visit to the Magnus Aircraft Industry in Pogany, Hungary.

He said that “if we venture with them, we may start with assembling plants and later manufacturing”.

The minister also said  that the Magnus aircraft was an aeroplane that is good for Military training, has an aerobatic manoeuvre and is made of fully composite materials, high strength and very lightweight.

Senator Sirika further said that he was very satisfied with the features and more than willing to facilitate the production of the aeroplanes in Nigeria, saying one of the significant features of the Magnus aircraft is that it uses normal car petrol and outperforms any training aircraft of its kind.

The Minister who was at the facility on the invitation of the Company, said the proposed partnership with the aircraft manufacturer will be subjected to further analysis to verify the market and government willingness to partner with a significant amount of money and logistics.

He emphasised that the local production of aircrafts in the country will facilitate the growth of Nigeria as a regional aviation super power as it will also come with maintenance and repair facilities that will attract patronage from neighbouring countries.

According to him,  the present administration has created an attractive environment for international investors in Nigeria,  especially in the aviation sector,  with the ongoing implementation of the development roadmap which places emphasis on public private partnerships.

Aerobatics is the practice of flying manoeuvres involving aircraft attitudes that are not used in normal flight. Aerobatics are performed in airplanes and gliders for training, recreation, entertainment, and sport.

Previous Post

Nigeria’s Mutual fund hits N1.28trn as Stanbic, United Capital, FBN Capital lead

Next Post

Emirates Adds Flights in Bid to Recover Long-Haul Crown

Related News

Fuel Subsidy Removal: Should Nigeria Continue With a Regressive Petrol Subsidy?

Petrol Climbs to N1,400 per Litre as Transport Fares Rise Across Nigeria

by Akpan Edidong
July 27, 2026
0

Petrol prices have surged to as high as N1,400 per litre in parts of Nigeria, prompting a fresh wave of...

Cooking Gas Prices Drop Across Nigeria as Lagos Records Lowest Rate of N1,200 per kg

by Akpan Edidong
July 27, 2026
0

Cooking gas prices have fallen significantly across Nigeria over the past three weeks, offering relief to households after recent highs....

Nigeria Expends More Than $1 Billion Subsidizing Fuel in August as Petrol Supply Increases

Depots Increase Petrol Prices to N1,230 per Litre Following Dangote Refinery’s Pricing Shift

by Akpan Edidong
July 21, 2026
0

Private fuel depot owners across Nigeria have raised the price of petrol to between N1,200 and N1,230 per litre after...

SEC encourages youth’s participation in capital market.

SEC Gives Capital Market Operators Two Days to Submit Capital Flows Returns

by Victoria Attah
July 10, 2026
0

The Securities and Exchange Commission (SEC) has issued an urgent directive to all capital market operators to submit their second-quarter...

Next Post

Emirates Adds Flights in Bid to Recover Long-Haul Crown

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

CBN Allows Oil Companies to Resume Dollar Sales to Banks in Effort to Boost Supply.

Cash Outside Banks Falls by N486 Billion to Seven-Month Low

July 28, 2026
FG Secures $1.95 Billion in World Bank Loans Amidst Debt Concerns

Nigerian Issuers Pay Up to 20% to Raise Debt in First Half of 2026

July 28, 2026

Popular Story

  • CBN Allows Oil Companies to Resume Dollar Sales to Banks in Effort to Boost Supply.

    Cash Outside Banks Falls by N486 Billion to Seven-Month Low

    0 shares
    Share 0 Tweet 0
  • Nigeria’s FX Market Hits Record $4.4 Billion Weekly Turnover 

    0 shares
    Share 0 Tweet 0
  • Nigerian Issuers Pay Up to 20% to Raise Debt in First Half of 2026

    0 shares
    Share 0 Tweet 0
  • 31 Nigerian States Grapple with N2.57 Trillion Domestic Debt Amid No Foreign Inflows

    0 shares
    Share 0 Tweet 0
  • First HoldCo Assures Shareholders of Dividend Resumption by End of 2026

    0 shares
    Share 0 Tweet 0

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>