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Tag: NAHCO

Appointments

NAHCO announces exit of vice chairman, director, names appointees

Nigerian Aviation Handling Company Plc has announced the retirement of its Vice Chairman and Independent Non-Executive Director, Akinwumi Godson Fanimokun, after eight years on the board, naming Tajudeen Shobayo as successor. The company also disclosed the retirement of Non-Executive Director Taofeeq Oluwatoyin Salman. The development was contained in a regulatory filing signed by Company Secretary […]

Aviation

NAHCO secures FlyGabon partnership, extends airline contracts

The Nigerian Aviation Handling Company Plc has strengthened its position in the aviation sector by renewing key international airline contracts and securing a new partnership with FlyGabon, while also expanding into the export logistics market with the shipment of solar cells to the United States. In a statement, the company announced that it had renewed […]

Business

NAHCO’s revenue hits ₦65.82bn as profit soars 36% despite fuel crisis

Ground handling company, Nigerian Aviation Handling Company, has increased its total revenue by 22.93 per cent from N53.54 billion in 2024 to N65.82 billion in 2025. The company, however, lamented the impact of rising fuel prices on its operations, saying the commodity market had remained challenging. NAHCO said while Profit Before Tax jumped by 29.83 […]

Aviation

NAHCO nets ₦18bn profit, up 40% in 2025

The Nigerian Aviation Handling Company Plc recorded a 40 per cent increase in net profit to N18 billion in 2025. This growth provides substantial headroom for the services and logistics group to maintain its dividend payout strategy. The unaudited results for the year ended December 31, 2025, released on the Nigerian Exchange, revealed strong growth […]

Air Peace resumes operations after NiMet strike suspension
Aviation featured

Flight disrupted as NAHCO vehicle damages Air Peace aircraft

Flight operations involving a newly acquired Embraer 195-E2 aircraft owned by Air Peace were disrupted on Friday following a ground handling incident at the Murtala Muhammed International Airport in Lagos. The airline confirmed the development in an official statement, explaining that the incident occurred after passengers had already boarded the aircraft for departure. According to […]

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
Uncategorized

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 […]

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