NAHCO Invests N3.6b in Equipment, Woos New Investors

NAHCO Invests N3.6b in Equipment, Woos New Investors

The Nigerian Aviation Handling Company Plc. (NAHCO Aviance), has wooed members of the public to its investment opportunities and growth targets initiated by the new management.

The aviation ground handling company said with the investment of N3.6 billion in new equipment to boost operations, her shareholders stand a chance of huge returns on investment in the next couple of years.

Group Managing Director, NAHCO Aviance, Olatokunbo Fagbemi, told journalists in Lagos that the firm is primed for new heights across all its subsidiaries.

Recall that NAHCO Aviance commenced operations in April 1979. It operations, which began at the Muritala Muhammed International Airport (MMIA) in Lagos, has since spread across 22 airports in the country.

The Federal Government initially held a 60 per cent stake in the company but sold its stake through an Initial Public Offer (IPO). The company’s shares were listed on the Nigerian Stock Exchange in November 2006.

Click here to subscribe to The Paradigm Newsletter



Leave a Reply

Your email address will not be published.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