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  • NAHCO boosts operations with new equipment

    NAHCO boosts operations with new equipment

    Nigerian Aviation Handling Company (NAHCO) Plc says it is investing billions in the acquisition of operational equipment to boost its ground, passenger and ramp handling services.

    Chairman, Nigerian Aviation Handling Company (NAHCO) Plc, Dr. Seinde Fadeni,  disclosed this  in Lagos yesterday during the hand-over ceremony of 21 new vehicles recently purchased to staff and promised that the ground support equipment would be delivered in a few months’ time.

    He said the scale of the Ground Support Equipment (GSE)  the company is purchasing is so massive when compared to the value in monetary  terms to  operations vehicles.

    He noted that company officials have left no stone unturned in sourcing the right equipment from the right sources even in the face of excruciating forex challenges.

    Read Also: LASTMA begins crackdown on unregistered vehicles

    Although NAHCO’s equipment purchase is 95 per cent  dollar based, the Chairman said the company is committed to providing workers with the right tools so as to continue to deliver excellent service.

    “We shall at all times be ready to provide the workforce with the right equipment to deliver exceptional service to our clients,” the Chairman stated.

    Fadeni extolled the staff for their diligence and commitment to the Company.

    In his remarks at the occasion, the Group Executive Director, International Business & Corporate Service, Dr. Sola Obabori implored the staff to put the vehicles to good use.

    While emphasizing that the Company will always provide the required working environment and tools for its workforce, Obabori urged users of the new vehicles to take ownership of the vehicles being handed over to them.

    Assistant General Manager, GSE, Mr. Charles Karinga, acknowledged that the vehicles will go a long way in ameliorating the challenges staff face in the course of their work. He promised that adequate care would be taken of the new vehicles.

  • ‘NAHCO’ five-year plan’ll deliver greater returns’

    The board and management of Nigerian Aviation Handling Company (NAHCO) Plc at the weekend assured shareholders that ongoing implementation of a strategic five-year growth plan will lead to a more agile and profitable company.

    At the Annual General Meeting (AGM) in Kano, directors of NAHCO laid out strategic growth objectives, key implementation drives, challenges and transformational initiatives being taken to sustain the company as the leading ground handling company with sustainable returns to shareholders.

    The first AGM by the new board and management of the company, directors of the company outlined that they have launched a new five-year strategy and transformation plan that covers between this year and 2023, which is expected to drive growth, service improvement, improved profitability and also ensure that NAHCO maintains its leadership position, despite increasing competition in the ground handling business.

    The assurance came as shareholders approved the distribution of N406 million as cash dividend for the 2018 business year, representing a dividend per share of 25 kobo.

    Nigerian Aviation Handling Company (NAHCO) Plc Chairman, Dr Seinde Fadeni, said the new board and management have reset the company’s group structure and operations and have started implementing key initiatives to address cost structure, realign products and interface with customers and other stakeholders with a view to ensuring optimal performance in the years ahead.

    He said the company has started modernisation of its warehouses in order to position itself for global changes in cargo handling and management noting that NAHCO is currently investing in warehouse refurbishment, facility and equipment upgrade to ensure leadership in all areas of air cargo within the West and Central African region.

    He pointed out that while increased costs of operations and administrative expenses impacted the company’s performance in 2018, the new management has been addressing these cost centres to ensure improved efficiency and competitive returns.

    “It is my belief that our company will grow more rapidly in the coming years in light of the measures and innovations being implemented,” Fadeni said.

    According to him, the company’s five-year strategic plan was anchored on five strategic pillars of operational excellence, digital transformation, people and culture transformation, organic and inorganic growth and diversification. These pillars would be driven by three main enablers including adequate funding and capitalisation, financial grip and enhanced risk management.

    He explained that the company’s strategy for growth entails maximising parent company and subsidiary companies’ opportunities and capacity utilisation while taking advantage of market trends and the group’s dominant market position.

    “We are restructuring our strategic business units (SBU) and subsidiary companies in such a way that from now on, every member of the NAHCO Group contributes more to the overall profitability of the group. We have set a revenue target that is ambitious but achievable. We expect to grow our revenues by a factor of four times 2018 figure and achieve this over the next five years. We have resolved to maximise the revenue opportunities inherent in the synergies of our group,” Fadeni said.

    He pointed out that the company is developing sustainable business plans for two of its subsidiaries-NAHCO Free Zone (NFZ) and Mainland Cargo Options (MCO) while exploring best strategy to ensure long –term viability of NAHCO Energy Power and Infrastructure (EPI).

    “The company’s outlook for 2019 is positive, with the unwavering commitment of the board, management and staff, we are fully committed to perform better and deliver more value to you, our esteemed shareholders. We will continue to implement the strategic direction we have set for the transformation of NAHCO,” Fadeni said.

    Fadeni noted that one of the critical elements of the company’s growth strategy is the asset renewal strategy and policy for all its plant machinery and equipment including ground support equipment (GSE) and cargo management equipment, which will help to improve service delivery and efficiency while reducing maintenance costs.

    He said the company has commenced purchase of necessary machinery and equipment from international OEMS and reputable vendors with some of the equipment already received and commissioned into service.

    According to him, the company has also commenced the upgrade of its infrastructure, facilities and equipment starting from the Lagos Warehouse Complex. Early 2019, it added a cold room facility to its Kano warehouse. It has also committed material investment and upgrades to its strategic business units in Abuja and Lagos.

    “We have started on a good note in 2019, as we move into our 40th year of commercial operations with the acquisition of new and modern equipment and a new business strategy for growth. We are on a clear path of positive transformation. This is our new NAHCO, more profitable, more agile; the new board is committed to this transformation which will reposition the company for growth, carry out the necessary people transformation and culture change, achieve operational excellence and increased profitability,” Fadeni said.

    Nigerian Aviation Handling Company (NAHCO) Plc Group Managing Director, Mrs Olatokunbo Fagbemi, said the new management has continued to make steady progress in driving the company’s new vision “to be the leading service provider, continuously innovating and reshaping our chosen markets”. Fagbemi assumed office in December 2018.

    She explained that the “New NAHCO” is being built on core values of safety, integrity, innovation, reliability, respect and empathy noting that the “New NAHCO” is to ensure there is regular communication, transparency in decision making and sincerity in governance.

    “We are building a culture of safety, security, innovation, integrity and ownership. Our “New NAHCO” is building a cohesive management team and an efficient workforce. Our “New NAHCO” is harnessing the strengths and opportunities of the group structure to drive growth and profit. Our “New NAHCO” is focused on retaining existing customers and on-boarding new customers. Our “New NAHCO” is focused on strong balance sheet, profit and loss and enhanced free cashflow. Our “New NAHCO” is focused on consistently delivering value to all stakeholders,” Fagbemi said.

    She noted that NAHCO has continued to maintain internationally acceptable and recognised standards of its operations as the company earlier this year accomplished the feat of acquiring IATA Safety Audit for Ground Operations (ISAGO) certification in three major airports of Lagos, Abuja and Kano, making NAHCO the only ground handler in Nigeria to achieve this.

    She added that the company also has achieved the Third Country EU Regulated Agent (RA3) revalidation of its operations in the major airports of Lagos, Abuja, Port Harcourt and Kano by the European Union.

    “NAHCO has come out successful in all the airlines audits we have done this year. We have also received commendation for the new measures we have put in place to ensure stricter security and compliance to international standards at our facilities. In addition, our staff have received commendations from several airlines,” Fagbemi said.

    She assured that in the coming months, the company will increasingly become an efficient organisation that is fit and able to deliver services at optimum prices to the delight of its stakeholders.

    According to her, NAHCO is working with full understanding of the market place to create a win-win strategy with its suppliers and service providers to ensure that the costing and pricing is optimal and sustainable.

    As the International Air Transport Association (IATA) pushes for more modern processes in anticipation of projected double in the size of the air cargo industry over the next two decades, Fagbemi said NAHCO is positioning for the global implementation of the e-Air Waybill (e-AWB) with a view to be able to provide ecargo service to all its customers and partners within the next 24 months.

    She assured that the company is proactive and resilient enough to thrive despite domestic and global challenges, urging shareholders to support the company as it implements its growth plan and transformation agenda.

    “We have a team that is seasoned and has a clear view of the strategic direction and what the competitive landscape is now vis a vis what it would be in the next few years. We have committed, dedicated and trained people focused on the customer,” Fagbemi assured.

    Audited report and accounts of NAHCO for the year ended December 31, 2018 showed that turnover grew by 24 per cent to N9.83 billion. Gross profit margin increased from 29 per cent in 2017 to 32 per cent last year. With 19 per cent increase in operating costs and 27 per cent increase in administrative expenses, profit before tax dipped by 16 per cent to N503.2 million while profit after tax dropped to N196.8 million last year.

  • Nahco, Notore, others make NSE’s benchmark stocks

    The Nigerian Stock Exchange (NSE) has reviewed the 13 indices that serve as benchmarks for stocks’ groups and sectors. The composition of the indices after the review took effect on Monday July 1, 2019.

    In a report on the review, the NSE indicated that five indices remained unchanged, including the NSE Banking Index, the NSE Oil and Gas Index, the NSE Pension Index, the NSE Corporate Governance Index and the NSE-Afrinvest Bank Value Index.

    In the reviewed indices, the Nigerian Aviation Handling Company (Nahco) displaced Total Nigeria from the NSE Lotus Islamic Index, which tracks equities that conform to Islamic financing requirements. Also, Custodian Investment displaced Dangote Flour Mills from the NSE 30 Index, the benchmark index that tracks the 30 largest companies on the Exchange.

    In the consumer goods sector, McNichols displaced Dangote Flour Mills in the NSE Consumer Goods Index while Notore Chemical Industries Plc displaced First Aluminium Nigeria from the NSE Industrial Goods Index.

    The NSE also removed Sunu Assurances Plc from the NSE Insurance Index an added Veritas Kapital Assurance to the insurance sector’s benchmark index.

    Also, there were also changes to three co-branded indices. Africa Prudential was added to the NSE-Afrinvest High Dividend Yield Index and the NSE-Meristem Growth Index while Access Bank, Presco and United Capital were added to the NSE-Meristem Value Index. The trio of Sterling Bank, Zenith Bank and Nahco were removed from the NSE-Meristem Growth Index.

    The NSE-Meristem Growth Index and NSE-Meristem Value Index focus on growth and value investment strategies and enable investors to make investments in products that truly match their investment styles and objectives. The indices were developed on a style-focused methodology proprietary to Meristem Securities Limited.

    The NSE-Afrinvest Banking Value Index and NSE-Afrinvest High Dividend Yield Index were designed in response to requests for applicable benchmarks for measuring value in banking stocks and high dividend stocks listed on the Exchange. They serve as tools for investment managers and corporate treasuries seeking appropriate benchmarks to evaluate the performance of their portfolios to a segment of the banking sector or high dividend orientation as applicable.

    The indices, which were developed using the market capitalisation methodology, are usually rebalanced on a biannual basis, the first business day in January and in July. The stocks are selected based on market capitalisation and liquidity. The liquidity is based on the number of days the stock is traded during the preceding two quarters. To be included in the index, the stock must have traded for at least 70 percent of the number of trading days in the preceding two quarters.

    The NSE began publishing the NSE 30 Index in February 2009 with index values available from January 1, 2007. On July 1, 2008, The NSE developed four sectoral indices and one index in 2013, with a base value of 1,000 points, designed to provide investable benchmarks to capture the performance of specific sectors. The Insurance and Consumer Goods sector index, comprises the 15 most capitalised and liquid companies; Banking and Industrial Goods sector index, comprised of 10 most capitalised and liquid companies, while the Oil & Gas sector index, is composed of the seven most capitalised and liquid companies.

     

  • NAHCO, FAAN partner on ground handling, others

    THE Nigerian Aviation Handling Company (NAHCO) Plc  and Federal Airports Authority of Nigeria (FAAN) are collaborating to improve  ground  handling.

    NAHCO Group Managing Director, Mrs. Olatokunbo Fagbemi, said the handling firm has set up modalities to defray its debts to the airport authority and other organisations as part of efforts to keep its accounting books clean.

    The NAHCO  boss spoke at a meeting with FAAN Managing Director,  Saleh Dunoma, in Lagos.

    She said plans were underway to pay FAAN  monthly to ensure that the debt was defrayed quickly.

    ”Our journey from Lagos is very simple. Our story is simple but essentially first, it is to say thank you. We have received substantial support from FAAN in the last few weeks on an issue that has been pending for a while and I believe we’d be able to find common grounds. It has to do with safety and security around the air cargo complex.

    ‘’The other thing is, before I got in, we were owing a lot of money, but I said we need to know that we can’t ask for things if we are not paying; so we are saying thank you for that support. We have been able to work out something with the director of finance, so we pay some amount every month. Hopefully, we believe that by the end of this year, we will not owe. We will keep our books current. We have to say thank you because unto whom much is given much is expected.

    “We are going to clear the backlog so that it doesn’t continue because if you want a lot of things” from FAAN, you should also pay.

    She, however, highlighted some key areas of mutual development to the FAAN boss, seeking his assistance to correct certain trend that could hamper both their businesses, including crowd control and others both at Lagos and Abuja airports.

    “We need to safeguard our business and we need to operate at an international standard,’’ she said.

    She also commended the FAAN management for the rapid changes ongoing at the nation’s airports stating: ”A lot of things have been done at the airport and no one can go around any of the airports and walk away without noticing a positive difference.”

    FAAN MD congratulated the new GMD. She went down memory lane, stating what the airport authority would do to support NAHCO, especially since  it was a part of FAAN before privatisation.

    He also said FAAN would look at NAHCO’s  requests on the Lagos and Abuja cargo areas critically, adding that the ground handlers were critical to safety and security around the airport.

    Dunoma said: “NAHCO  and FAAN  used to be one and so whatever NAHCO brings to the table NAHCO is an attachment of FAAN. FAAN created NAHCO  and in the wisdom of the government, they decided NAHCO be privatised. Privatisation is done, NAHCO is a success story till date so whatever NAHCO requests, we have little reason to say no because you started with one statement, our success is your success and your success is our success. So it has to be a win-win situation. We continue to support you and do everything possible to assist you improve your business because if you look at your operations of NAHCO,  it is critical to the operations of FAAN.

    “You cannot separate the two; if you fail, we fail because you handle so many things at the airport. So, we have to look critically at areas where FAAN needs to come in and support you.”

    “We need to work together. I know there are some requests that would require some processes. We can fast-track those processes and if there are huge calls in terms of implementation, you can come back to us and we will surmount this.”

  • We will sustain our growth trajectory, says NAHCO

    •New MD unveils growth plan

    The management of Nigerian Aviation Handling Company (NAHCO) Plc has assured that the company will sustain its upwardly growth trajectory as the company seeks to retune its operations to deliver greater values to customers and better returns to shareholders.

    Managing Director, Nigerian Aviation Handling Company (NAHCO) Plc, Mrs Olatokunbo Fagbemi, said the company would build on existing advantages and open up new opportunities to sustain impressive growths in the years ahead.

    She said the company will reenergize its system to ensure improved customer service in lines with international standards.

    “My top priority is very simple, it is to get everything right because when we get everything right for the customer and we deliver the right kind of service, then we get the right kind of income that can trickle down to profit and it is from the profit that we are going to be able to pay the right kind of dividend,” Fagbemi said.

    According to her, the company will going forward enhances its processes to create an enviable place to work in, a company that is operating in line with international standards, the one that follows all the regulations and deliver greater stakeholder value.

    Fagbemi, who recently took over the management of the company, spoke when the newly appointed directors and executives members of the company visited the Nigerian Stock Exchange (NSE).

    “A lot of work has been done in the past, what I will do is build on what is there, the areas where there are gaps, my priority will be to close those gaps and ensure that we deliver services in a safe and secured manner,” Fagbemi said.

    She said the company will invest in human capacity and technologies to ensure that the company continuously has the requisite people with the right knowledge and the right processes to deliver world-class services in line with ICAO and IATA standards.

    “What we are going to do is put into our people the right kind of knowledge, the right kind of vision and passion that drives everybody to excel. Because even if we put in the best systems, we have the best facilities, we have the best equipment, if we don’t get the people right, it is going to be a waste,” Fagbemi said.

    Against the background of the performance of the company in the third quarter, she said the company is implementing policies that will enable it to sustain growth irrespective of the challenges in the economy.

    According to her, while there are challenges in every company and the economy, the company’s plan and strategies enable it to identify challenges and risks and find ways to tackle these.

    “We have strategies in place and that’s why we are taking early decisions already. We started last year, we invested in equipment and we are going to do more so that we don’t wait to run out of equipment before we run around. We are also refreshing our facilities so we are not going to wait until everything falls apart before we put it together,” Fagbemi said.

    Key extracts of the interim report and accounts of NAHCO for the period ended September 30, 2018 showed that profit before tax doubled by 107 per cent to N731.8 million in third quarter 2018 as against N336 million recorded during the comparable period of 2017. Profit after tax also increased by 110 per cent from N287.4 million to N601.3 million. The company’s turnover had risen by 25 per cent to N7.25 billion.

    NAHCO, a diversified group with interests in aviation cargo, aircraft handling, passenger facilitation, crew transportation and aviation training, currently serves more than 35 airlines at 11 airports across Nigeria, with plans to expand operations to other African countries. It handles about 70 per cent of domestic and foreign airlines operating in Nigeria.

    Incorporated on December 6, 1979 as an aviation servicing company, NAHCO started operations in April 1979 with the commissioning of the Murtala Muhammed International Airport, Lagos. The Federal Government of Nigeria, through Federal Airports Authority of Nigeria (FAAN), initially held 60 per cent equity interest in the company while four foreign airlines – Air France, British Airways, Sabena and Lufthansa – shared the remaining 40 per cent in various ratios. In 2005, NAHCO was privatized and subsequently listed on the NSE in 2006.

     

     

  • Lufthansa divests from NAHCO as new major investor increases stake

    Lufthansa Commercial Holding GmbH, a major foreign investor in Nigerian Aviation Handling Company (NAHCO) Plc, has divested its entire equity stake in the Nigerian ground handling company. The divestment came barely six months after a new major investor, Godsmart Nigeria Limited, took over the company.

    In a regulatory filing yesterday, NAHCO confirmed that Lufthansa has transferred its entire equity stake of 97.45 million ordinary shares of 50 kobo each or 6.0 per cent equity stake to Godsmart, which had in July 2018 launched itself with the acquisition of 16.7 per cent to become the single largest shareholder in NAHCO.

    With the Lufthansa’s deal, Godsmart now holds 26.95 per cent, strengthening its position as the single largest shareholder.  Godsmart had in July 2018 purchased 16.7 per cent equity stake in the company through acquisition of shares from some divesting shareholders through the Nigerian Stock Exchange (NSE).

    Consequent upon the consummation of the transaction, the directors representing the divesting shareholders tendered their resignation from the board while the new investor nominated two new non-executive directors.

    One of the companies privatised by the Federal Government, NAHCO however has a large retail shareholders base of more than 80,000 shareholders.

    Mr Idris Yakubu, who had taken over as the managing director of NAHCO in November 2017 recently resigned his appointment. Yakubu had led NAHCO to its most impressive performance in recent period with third quarter results showing a double in the bottom-line.

    Key extracts of the interim report and accounts of NAHCO for the period ended September 30, 2018 showed that profit before tax doubled by 107 per cent to N731.8 million in third quarter 2018 as against N336 million recorded during the comparable period of 2017. Profit after tax also increased by 110 per cent from N287.4 million to N601.3 million. The company’s turnover had risen by 25 per cent to N7.25 billion.

    NAHCO, a diversified group with interests in aviation cargo, aircraft handling, passenger facilitation, crew transportation and aviation training, currently serves more than 35 airlines at 11 airports across Nigeria, with plans to expand operations to other African countries. It handles about 70 per cent of domestic and foreign airlines operating in Nigeria.

    Incorporated on December 6, 1979 as an aviation servicing company, NAHCO started operations in April 1979 with the commissioning of the Murtala Muhammed International Airport, Lagos. The Federal Government of Nigeria, through Federal Airports Authority of Nigeria (FAAN), initially held 60 per cent equity interest in the company while four foreign airlines – Air France, British Airways, Sabena and Lufthansa – shared the remaining 40 per cent in various ratios. In 2005, NAHCO was privatized and subsequently listed on the NSE in 2006.

     

  • My mission in NAHCO, by MD

    A NEW target has been set at the  Nigerian Aviation Handling Company (NAHCO) Plc.

    The new management plans to drive the new structures and subsidiaries of the group to become the leading ground handling firm in Africa.

    In an interview with The Nation at the weekend, the Managing Director/Chief Executive Officer Mrs Olatokunbo Adenike Fagbemi said the new team planned to add value to service delivery and shareholders’ investments through closer monitoring of the group’s sunsidiaries.

    The subsidiaries are NAHCO Free Zone (NFZ), Nahco Energy and Power (EPI) and Mainland Cargo Options Limited (MCO), adding that they would will report to her.

    With the assistance of KMPG, she would transform NAHCO.

    Mrs Fagbemi said in the interim, her task would be to reposition the company, maintain industrial harmony, energise the workers in addition to improving the customer experience of NAHCO’s clients.

    She spoke of plans to coordinate and drive initiatives aimed at positioning the company as one of the leading ground handling company in West and Central Africa in the next few years.

    Meanwhile, NAHCO has received further endorsement with the recertification of its operations by  International Air Transport Association (IATA).

    The new IATA Safety Audit for Ground Operations (ISAGO) registration recertification expires June 12, 2021. This is coming at a time the company announced it had received the RA 3 revalidation of its operations by the European Union in the country’s major airports.

    In 2010, nahco aviance was awarded the ISAGO certification, becoming the first ground handling firm in West Africa to receive one of the industry’s highest honours for safety and service quality.

    The recent ISAGO recertification came almost the same time the Third Country EU Regulated Agent (RA3) validation was issued to some NAHCO’s airport operations. The stations include Lagos, Abuja, Port Harcourt and Kano.

    The ISAGO Audit and Registration mean that NAHCO conforms with the applicable ISAGO standards and recommended practices as specified in the ISAGO Ground Operations Manual Edition  seven  certifying its area of operations.

    Areas covered by the recertification include Organisation and Management (ORM), Load Control (LOD), Passenger and Baggage Handling (PAB), Aircraft Handling and Loading (HDL), Aircraft Ground Movement (AGM) and Cargo and Mail Handling (CGM).

    The benefits of ISAGO registration for ground handling and airport businesses include safer ground operations, fewer accidents and injuries, elimination of redundant audits from airlines, reduced costs: less damage and less audits, uniform audit process and harmonised standards.

    Other benefits are improved safety oversight, harmonised auditor training and qualifications, improved quality standards and enhanced understanding of high risk areas within ground operations

    The NAHCO Lagos station, first got its validation, the first of its kind in Nigeria, in June 2014. Port-Harcourt’s first validation was on September 22, 2016. Lagos, Port Harcourt were then revalidated on  July 16, 2018 with the expiry date of July 16, 2022.

    Abuja station got its first validation in August 2014, and will expire in August, next year. Kano, first validated this year, will also expire in 2022.

    The Third country EU regulated agent (RA3) is a designation given to a cargo handling entity located in a third county that has been validated and approved as such on the basis of an EU security validation. The organisation ensures that security controls, including screening, where applicable is applied to the consignment bound for the union and that the consignment has been protected from unauthorised interference from the time that those security controls were applied until the consignment are loaded onto an aircraft or are otherwise handed over to an ACC3 – certified carrier or other RA3 operator.

    The advantage of having RA3 validation is that consignments once screened, protected before loading into an ACC3 validated carrier are exempted  from further screening and can enter any member state.

    Commenting on these industry achievements, nahco aviance Managing Director/CEO, Mr. Idris Yakubu, said the recertification was reward for hard work. He noted that the certifications show that the firm’s thorough, diligent and consistent processes were among the best anyone could find in the world.

    According to him, “NAHCO’s excellent and time-tested processes are well-known in the industry. We were the first groundhandler to get the ISAGO certification as far back as 2010. These have been continually renewed due to our reliable processes and procedures. We shall continue to improve on these processes, so that we better serve our clients.”

  • NAHCO appoints new GMD/CEO

    A new Group Managing Director/Chief Executive Officer has been appointed for the Nigerian Aviation Handling Company Plc (nahco aviance) following the adoption of a new group structure by the Board of Directors.

     She is Mrs. Olatokunbo Adenike Fagbemi.

    Her appointment was announced in a notice to the Nigerian Stock Exchange (NSE) by the Board of Directors of the company.

    Mrs Fagbemi took over effective December 20, 2018, following the resignation of Mr Idris Yakubu the erstwhile Managing Director.

    Fagbemi’s appointment is to drive the new Group structure announced by the Company.  All NAHCO’s subsidiary companies, including NAHCO Free Zone (NFZ), Nahco Energy and Power (EPI) and Mainland Cargo Options Limited (MCO), will report directly to the GMD/CEO.

    Fagbemi, a thoroughbred Aviation Management Professional and a management turnaround expert with IATA, ACI and ICAO Certifications will bring on board her wealth of experience in championing the agreed strategic transformation plan of NAHCO following a Board and Management Retreat with inputs from KMPG. 

    She will implement the new strategic plan, operationalise a seamless and harmonised group structure which will transform NAHCO into one of the best companies in the world. The new GMD will focus on improving customer experience, drive stakeholder value, enhance shareholders’ investment in the Company,  integrate and closely monitoring of the activities of the subsidiaries to create synergies and better returns on capital.

    Fagbemi, would, in the immediate, have the task of repositioning the company, maintaining industrial harmony, energising the staff and improving stakeholder relationships and values.

    She is also expected to coordinate and drive the new audacious, bold and challenging initiatives that will establish NAHCO Plc as the leading ground handling company in West and Central Africa in the shortest possible time.

    The new NAHCO GMD/CEO is an Airports Council International (ACI) and International Civil Aviation Organization (ICAO) certified International Airport Professional (IAP) and an IATA – certified Leasing Professional with expertise in Infrastructure Provision and Public Private Partnerships

    She is one of the few African women to have achieved the highly rigorous standards for expertise in the field of airport management including aviation ground handling and facilitation.

    In addition to the IAP Certification, Fagbemi holds a Master’s Degree in Business Administration from IESE (“Instituto de Estudios Superiores de la Empresa”) University of Nevara, Spain.  She also holds a Bachelor’s Degree in Pharmacy from the University of Ibadan.

    She also attended Maryhill Convent School Ibadan, Queens School Ibadan, International School Ibadan, Harvard University USA and Cranfield University, UK.

    Fagbemi holds Certificates in Air Transport Management, Airport Commercial Revenue Development, from the Cranfield University, UK. She is a holder of Certificate in Leaders in Development Infrastructure in an Emerging Economy from Kennedy School of Government (KSG), Harvard University.

    She has facilitated several training programmes for Airport Council International (ACI), several airlines, ground handling companies and the Nigerian Civil Aviation Authority (NCAA) etc. 

    An alumnus of the Lagos Business School, Fagbemi has had the privilege of working and training in various aspects of Airport Management, Passenger Handling, Ramp Handling and Cargo Handling at; Dubai International Airport, Changi Airport Singapore, Murtala Muhammed International Airport Ikeja, Hartsfield Jackson Airport, Atlanta and Dallas Fort Worth Airport amongst others. 

    She has hands-on Consulting, Business Advisory and Financing expertise having worked with several ground handling companies, Civil Aviation Authority in Nigeria, Gambia and Sierra Leone. 

    She has attended several International Civil Aviation Organization (ICAO), International Air Transport Association (IATA), IATA Ground Handling Council (IGHC), Airports Council International (ACI) courses and seminars.

    Before her appointment as GMD NAHCO, she has hands on consulting, Business Advisory and Financing expertise, having worked with several ground handling companies, Civil Aviation Authority in Nigeria, Gambia and Sierra Leone. Fagbemi has attended several International Civil Aviation Organisation (ICAO), International Air Transportation Association (IATA) Ground Handling Council (IGHC), Airports Council International (ACI) courses and seminars. 

    She served as an Executive Director with Springfountain Infrastructure Limited and the Managing Director of the African Aircraft Leasing Company (AALC).

    Fagbemi is married with three children. Her hobbies include reading, aerobics, and travelling.

  • Nahco doubles Q3 net profit to N601.3m

    Nigerian Aviation Handling Company Plc (Nahco) doubled its bottom-line in the third quarter, raising prospects of increased returns to shareholders.

    Key extracts of the interim report and accounts of Nahco for the period ended September 30, 2018 showed that profit before tax doubled by 107 per cent to N731.8 million in third quarter 2018 as against N336 million recorded during the comparable period of 2017. Profit after tax also increased by 110 per cent from N287.4 million to N601.3 million. The company’s turnover had risen by 25 per cent to N7.25 billion.

    Managing Director, Nigerian Aviation Handling Company (Nahco) Plc, Mr. Idris Yakubu, said the third quarter performance further showed the gains series of short and medium-term process reviews and service improvement initiatives, which have led to enhanced service delivery and improved customer satisfaction.

    “We are extremely delighted with the recent results. It shows that the various initiatives that we are implementing to delight our customers are indeed working. A lot of credit for this performance, no doubt, goes to the board of the company who have supported and trusted our leadership, our staff who are diligent and have become more responsive, our loyal clients who trusted us to handle all their business, and indeed, other stakeholders of the company,” Yakubu, who took over the management of the company in November 2017, said.

    He expressed optimism that the company looks forward to an improved performance by the year-end as all indices point to a strong showing and the kind of performance that the company has not seen in recent years.

    Nahco is a diversified group with interests in aviation cargo, aircraft handling, passenger facilitation, crew transportation and aviation training. The company currently serves more than 35 airlines at 11 airports across Nigeria, with plans to expand operations to other African countries. It handles about 70 per cent of domestic and foreign airlines operating in Nigeria.

    Noted for its strong commitment to staff welfare, Nahco was adjudged as one of the Top 100 Best Places to work in Nigeria in 2018 by Jobberman.

  • NAHCO gets new chairman

    The Nigerian Aviation Handling Company Plc (NAHCO  aviance) said it has  appointed  Mr. Sehinde Fadeni Oladapo as its Chairman, Board of Directors. Oladapo takes over from Arc Usman Arabi Bello, who resigned from the position last October 25.

    In a notice sent to the Nigerian Stock Exchange, (NSE), the company said the appointment of  Oladapo, who is the founder and Managing Director/Chief Executive Officer of GMT Energy Resources Limited, took effect since October 25, 2018.

    The new NAHCO  chairman is a recipient of several merit awards. Oladapo is highly acclaimed by professional bodies in Nigeria in recognition of his many contributions to nation building.

    He sits on the boards of a number of companies, including MCI FZE Yard Development Limited, a joint venture between MCI FZE and Samsung Heavy Industries Nigeria, where Total Upstream Nigeria Limited and her partners.

    NAHCO also announced Mr. Salam Taofeeq Oluwatoyin as Non-Executive Director, replacing Mr. Ahmed T. Uwais, who vacated the board.

    Oluwatoyin is a member of the Nigerian Bar Association (NBA), International Bar Association, Chartered Institute of Arbitrators (UK) and Institute of Directors (IOD). He serves as the Managing Partner of Canary Legal, a corporate and commercial law firm. He leads the firm’s corporate governance, company secretarial and legal advisory practice group, advising clients locally and internationally on Foreign Investment, Project Financing and Public-Private Partnerships (PPP).

    He was at Rosehill Group Limited, a diversified investment Holding Company with interests in Infrastructure, Aviation, Real Estate, Hospitality, and Construction, as the Head of Legal and Compliance Department and subsequently rose to become the Managing Director of Rosehill Group Limited.