The Nigerian Aviation Handling Company (NAHCO) has announced a landmark ₦11.6 billion dividend payout to shareholders, reflecting a strong financial performance and renewed investor confidence in the aviation services giant.
The dividend declaration was made during the company’s Annual General Meeting (AGM) held in Lagos, where shareholders applauded NAHCO’s consistent growth trajectory and strategic investments across Nigeria’s aviation handling ecosystem.
Speaking at the AGM, NAHCO Chairman, Dr. Seinde Fadeni, said the generous dividend aligns with the company’s commitment to delivering long-term value to investors while maintaining operational excellence. “This dividend underscores the strength of our balance sheet, our resilience, and our dedication to sharing success with those who believe in our vision,” he said.
NAHCO, which provides ground handling, cargo, and logistics services to both domestic and international airlines, reported significant gains in revenue and profit over the past fiscal year, driven by post-pandemic aviation recovery, enhanced operational efficiency, and expanded clientele.
Group Managing Director/CEO, Mr. Indranil Gupta, noted that the performance was also supported by digital transformation initiatives and infrastructure upgrades at major airports, including Lagos, Abuja, and Port Harcourt.
Leave a Reply