Our Story
THE Nigerian Aviation Handling Company Plc is a diversified multi-billion-naira conglomerate with interests in aviation ground handling, airport management, aviation training, free trade zone, commodities export, and energy solutions.
Globally recognised as one of Africa’s leading ground handling service provider with presence in all major Nigerian Airports, NAHCO is also a leading player in Nigeria’s economy with strong actors in critical segments of the logistics value chain including Mainland Cargo Options Limited, Nahco Free Trade Zone Limited, NAHCO Power Solutions Limited, NAHCO Management Services, NAHCO Travels & Hospitality Limited, NAHCO Aviation Academy and NAHCO Commodities Limited.
Founded in December 1979, NAHCO PLC has since grown into a multi-billion naira company with more than 315% increase in profit at the end of the 2022 financial year.
At its inception, the Federal Government of Nigeria, through the Federal Airports Authority of Nigeria (FAAN) had the majority equity interest of 60% while four foreign airlines including Air France, British Airways, Sabena and Lufthansa shared the remaining 40 per cent in various ratios. NAHCO PLC has since gone through changes in its ownership structure following the sale of Government’s stakes through the privatization exercise of 2005.
In line with global trends of network airlines divesting from their non-core services including ground handling, the shareholder airlines have divested from NAHCO. They however remain prime customers of NAHCO.
NAHCO has more than 80,000 shareholders and it is the most active aviation sector company listed on The Nigerian Stock Exchange (NGX) since 2006.
Three institutional investors currently hold more than 5% of the total shares of the company as of December 31, 2023. These major investors are Godsmart Nigeria Limited – 26. 95%; White Cowries Industries Limited – 9. 17% and Awhua Resources Limited- 7. 13%.
The Company has remained consistent for over 45 years, providing top-notch services to its numerous customers, contributing to industry growth as well as the communities where it operates from.
