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Tag: NAHCO

Business

NAHCO projects N100bn revenue in five years

Nigerian Aviation Handling Company Plc has set a revenue projection of N100bn in the next five years. This was disclosed by the Group Chairman of the company, Dr Seinde Fadeni, on the sideline of its Annual General Meeting held in Lagos on Saturday, according to The Punch. The company stated that to create new jobs […]

NAHCO Director acquires additional shares worth N9.8m
Business

NAHCO Director acquires additional shares worth N9.8m

Non-Executive Director of Nigerian Aviation Handling Company Plc, Tajudeen Shobayo, has purchased 540,730 shares for N9.8 million. The Times stated in a notice of Directors Dealings signed by Company Secretary Bello A. Abdullahi and sent to the Nigerian Exchange Limited. The transaction was completed on August 25, 2023, according to the notice issued by Company Secretary, […]

NAHCO Director acquires additional shares worth N9.8m
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NAHCO’s profit jumps by 315% to N3.8bn

Profit Before Tax for the Nigerian Aviation Handling Company, NAHCO Plc, in its 2022 fiscal year was N3.8 billion, up 315 percent from N925 million in the prior year. Vanguard reported that the ground-handling aviation company also saw a 63% increase in revenue, from N10.2 billion the year before to N16.7 billion. Speaking during the company’s Annual General […]

Nigerian Aviation Handling Company Plc
Business

NACHO chair demands release of foreign airlines’ trapped funds

The Chairman of the Board of Nigerian Aviation Handling Company Plc, Dr Seinde Fadeni, has urged the Federal Government to release the funds owned by foreign airlines currently withheld in the Central Bank of Nigeria. The Punch reported that Dr Fadeni said this while speaking at the 42nd Annual General Meeting of the Company in […]

NAHCO pre-tax profit rose by 315% in one year
Business

NAHCO pre-tax profit rose by 315% in one year

Nigerian Aviation Handling Company Plc has announced that its pre-tax profit increased by 315.1 per cent in 2022 due to strong sales income and increased efficiency across the business. In a statement accessed by The Punch, the board recommended a dividend payout increase of 251 per cent, from N665.93m in 2021 to N2.34bn in 2022. […]

Bayelsa Airport
Aviation

Lagos airport passengers stranded over NAHCO staff strike

  The Nigerian Aviation Handling Company employees, who are being led by the unions, have begun an indefinite strike which is causing several international and local flights at the airport to be grounded. This morning, passengers at the Murtala Mohammed International airport, Lagos, were left stranded at the airport following an industrial action by members […]