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NAHCO promises steady returns for shareholders

By on February 27, 2016

The Chairman of Nigerian Aviation Handling Company, Alhaji Suleiman Yahyah, has assured the company’s shareholders and other stakeholders that it will continue to provide steady returns in forms of dividends and bonuses.

Speaking at the closing gong sounding ceremony on the floor of the Nigerian Stock Exchange, Yahyah said since the company was privatised and listed on the exchange in 2006, it had remained consistent with dividend payment.

“I want to assure shareholders that this year will not be different. We will continue to declare healthy dividend in line with our consistent dividend strategy,” he said.

According to him, since its privatisation, the company has embarked on business diversification programmes that cuts across industries and geography.

He said  the company  had developed strategic global alliances through its membership of Aviance, the global alliance of 10 reputable airport service providers operating from 112 stations in 17 countries; and The International Air Cargo Association, which exists to promote the air cargo industry and world trade.

Yahyah noted that from a single business company, NAHCO had grown into a diversified  group that is not only in cargo and passengers handling, but also into agriculture,  free trade zone and energy.

He said, “We are ready to go on the investment in the free trade zone. The licence has been secured; the partnership with International Development Ireland had been signed; management is in place; and   market is looking good. We are also investing in our agric zone development, which is part of  free trade zone, a sub element of  using our platforms in Lagos, Abuja, and Port Harcourt.

“Already 10 per cent of our earnings  is coming from export. So we want to deepen it in view of the difficulty now in the forex market. So, we will fast track that investment and hopefully,  that should begin to show in our  performance by the end of  2016. Besides, we are also moving to other  African countries. We are licensed in Senegal and Cote d I’voire. Now is the time to make those investment decisions active.”

 

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