• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Monday, August 25, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

NAHCO Eyes Further Diversification To Drive N300bn Turnover

by Leadership News
3 months ago
in Business
NAHCO
Share on WhatsAppShare on FacebookShare on XTelegram

The Nigerian Aviation Handling Company (NAHCO) Plc has assured shareholders that the five-year growth strategy being implemented by the company would drive its turnover above N300 billion within the next five years.

Advertisement

At the annual general meeting held at the weekend, the board said the company has continued to strengthen its position as the market leader in aviation ground handling while diversifying into new opportunities.

The assurance came as shareholders approved the payment of N11.58 billion as cash dividends for the 2024 business year, representing a dividend per share of N5.94. The latest dividend represented a 134 per cent increase on N4.95 billion paid for the 2023 business year.

Chairman, Nigerian Aviation Handling Company, Dr Seinde Oladapo Fadeni, said the board and management are completely focused on implementing the company’s five-year strategic blueprint, which would drive the next phase of the growth of the group.

He noted that the 2024 performance signposted what the future holds for shareholders of the company, assuring that the group is in position to sustain impressive growths and achieve its target of N300 billion turnover.

RELATED

JUST-IN: NAICOM Revokes Operational Licenses Of Niger Insurance, Standard Alliance

Delayed Guidelines Drag Insurance Recapitalisation Process

1 hour ago
Large-cap Stock Drives Local Bourse To N180bn Gains

Shareholders Get N117.86bn Half-year Dividends From 12 Listed Firms

1 hour ago
ADVERTISEMENT

The audited report and accounts of NAHCO for the year ended December 31, 2024 showed that profit before tax doubled by 115.4 per cent to N18.70 billion in 2024 as against N8.68 billion in 2023. Total revenue rose by 88.5 per cent from N28.40 billion in 2023 to N53.54 billion in 2024.

 

Fadeni said NAHCO has demonstrated remarkable resilience despite challenges in the operating environment, adding that the company has been positioned for an even more rewarding future. He said the company plans to deepen its diversification by building a hotel while also growing its commodities export business.

ADVERTISEMENT

 

“The board understands the important place of technology in modern business and is committing funds into providing the company with next generation technology to enable it run its processes smoothly and efficiently. The company is currently implementing Oracle ERP and HCM systems, a pivotal initiative designed to enhance NAHCO’s efficiency and digital transformation.

 

“In the last one year, the company has been re-fleeting its equipment. We have a target to replace all ageing equipment by December 2025,” Fadeni said.

 

Group managing director, NAHCO, Olumuyiwa Olumekun, highlighted some operational achievements in the past year to include the recertification of the company in three major stations of Lagos, Abuja and Kano and the commissioning of a new NAHCO Export Packaging and Processing Centre, Lagos.

 

According to him, the new centre, the first of its kind in Nigeria, was a strategic move to enhance the competitiveness of Nigerian products on the global stage while creating more jobs for Nigerians.

 

He outlined that the group would focus on four areas of sustained growth, equipment re-fleeting, digitization and environmental social governance (ESG) to ensure better performance in the period ahead.

 

He explained that the diversified nature of the group and the onboarding of new business ventures would ensure that the group sustains its growth trajectory.

 

Shareholders who spoke during the meeting commended the board and management of the company for the impressive operational performance and the bounteous returns.

 

They noted that, in addition to a cash dividend increase, the capital gain on the company’s share at the stock market has made NAHCO one of the best investments they have ever made.


Join Our WhatsApp Channel

Nigerians can now earn US Dollars monthly by acquiring domains cheaply and reselling for profits up to $18,000 (nearly ₦30Million). Beneficiaries include professionals, entrepreneurs, civil servants and more. Click here to start.


Tags: Nigerian Aviation Handling Company (NAHCO)
SendShare10169Tweet6356Share
ADVERTISEMENT
Previous Post

FrieslandCampina WAMCO Appoints Sanni As New Chairman

Next Post

No More Surprise Charges, Instantly Turn Off Recurring Payments With Your OPay Card

Leadership News

Leadership News

You May Like

JUST-IN: NAICOM Revokes Operational Licenses Of Niger Insurance, Standard Alliance
Business

Delayed Guidelines Drag Insurance Recapitalisation Process

2025/08/25
Large-cap Stock Drives Local Bourse To N180bn Gains
Business

Shareholders Get N117.86bn Half-year Dividends From 12 Listed Firms

2025/08/25
UBA Bank plc
Business

UBA Customers To Win N150m In Super Savers Promo

2025/08/25
Bureau Rate NIMASA High On Public Service Reforms
Business

NIMASA, Engineers Strengthen Collaboration For Blue Economy Growth

2025/08/25
Ojulari’s First 100 Days at NNPC Ltd: A Bold Start Anchored On Reform, Transparency, And Clean Energy
Business

After 3 Misses, NNPC Sets Nov For AKK Gas Pipeline Completion

2025/08/25
Job Losses: 483,464 Persons Withdraw N247.47bn From Pension Savings
Business

Board Inauguration Beyond Our Control, PenCom Responds To NLC

2025/08/25
Leadership Conference advertisement

LATEST

Women Empowerment: Yobe Government Distributes Cash Support For Goats Farming

Senator Offers 200 Constituents Business Starter Packs

Gambari To Receive Lifetime Achievement Award

ADC To Tinubu: Declare State Of Emergency In Katsina, Zamfara

Governors’ Forum Appoints Shittu DG, Others To Key Posts

Gombe Gov Consoles Specialist Hospital MD Over Mother’s Demise

PICTORIAL: Troops Arrest 69 Suspected Oil Thieves In Niger Delta

Lagos Eyes $1bn Revenue From SMEs, Produces 253 Trade Ambassadors

Yoruba Youths Urge Alaafin To Caution Media Aides

‘ADC Coalition Conceived To Derail Nigerian Project’

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.