Milestones

The Key Milestones in the history of Aquila can be summarized as follows:

2004

Incorporated Aquila Capital Limited

2005

Obtained all licenses and commenced business

2006

Ernst and Young closed the 1 FY end with audited Balance Sheet of NGN 773 million

2007

AfricInvest became a shareholder, acquiring 23% stake in the Company Board restructuring with AfricInvest as a nominee

2008

Aquila Leasing incorporated and approved by the CBN as a subsidiary of Aquila Capital

2009

FMO approves a US$ 10 million loan facility for SME finance
Separation of business activities between Aquila Capital and Aquila Leasing

2010

BIO approves a US$ 5 million loan facility for SME finance
Commenced operating lease business; Diamond Bank is first client

2011

OikoCredit approves a US$ 2 million loan facility for SMEs and Cooperative financing

2013

Capitalization of the company; poised for further growth and expansion responsibility and Symbiotic each approve US$ 5 million

2014

Received offers from BIO and Oiko Credit for repeat funding arrangements of
US$5million and US$3million respectively

2015

Additional disbursements from Symbiotic and responsibility in the sums of $1.5million and $2.2million respectively

2017

Aquila Leasing Ltd signs a N3 billion contract with NBC for the supply of 105 Thirty- ton Sino trucks for haulage operations

2018

Aquila Leasing Limited deploys 120 vehicles for operations in Huawei

2019

Deployment of another 86 Thirty-Ton Sino trucks and 13 staff buses to NBC valued at N2.38 billion and N600m respectively

2020

Deployment of another 40 Thirty-Ton SINO trucks to NBC valued at N1.6 billion
Signing of contract with MTN on the deployment of 596 vehicles valued at about N10 billion