Connect with us
deals book
Advertisement
Polaris bank
Advertisement
Oando
Advertisement
Alpha
Advertisement
Hotflex
Advertisement
Binance
Advertisement
Advertisement
UBA
Advertisement
Patricia
Advertisement
Access bank
Advertisement
app

Business News

NAHCO set to spend 3.6 billion on equipment upgrades

Nigerian Aviation Handling Company Plc has announced its intention to disburse billions of naira to upgrade its state-of-the-art equipment and technology before the end of this year, 2019.

Published

on

NAHCO appoints acting GMD

Nigerian Aviation Handling Company Plc has announced its intention to disburse billions of naira to upgrade its state-of-the-art equipment and technology before the end of this year, 2019.

NAHCO intends to invest N3.6 billion to upgrade the company’s equipment to enable them to improve on their services to clients, the Group Managing Director, Tokunbo Fagbemi said.

Fagbemi, who was appointed GMD in December last year, disclosed the company already made an investment of N1.9 billion so far, and NAHCO plans to double the investment before the year ends.

“In terms of investment, in the last couple of months, we have invested over N1.9 billion in equipment which will be doubled by the end of the year, but you will begin to see the equipment by the end of the first quarter, the first set. The next set, by the end of the year, we would have spent about N3.6 billion on equipment,” she said.

Synergising subsidiaries

There are plans by NAHCO to synergise the company’s subsidiaries for better and effective management across board. Fagbemi said the plan wouldn’t change the company’s core values and other plans in the work.

“We have new core statements, new core values and we decided that we will work as a group structure because when you look at the audited financial statement in NAHCO Aviance, you will realise there is a consolidated account and we have three subsidiaries.

“We have NAHCO energy, NAHCO free trade zone, the Mainland cargo options, we have the energy power and infrastructure company and all these companies are being run and what we want to do is put them together to get synergy so we can get the full benefit of the business.”

She added that there isn’t a clash between the old vision of the company and new vision which she is spearheading. Stating that both visions are similar when compared to each other. Fagbemi said there is a need to constantly make business review in order to move forward.

“It is important for a business like ours to go forward. We cannot plan to move forward if we do not know where we are. So we had to invest and we are still investing with KPMG on a business review. Our new vision is not too far from the old vision we had, which is to be the leading service provider, reshaping our chosen market,” she said.

Olalekan is a certified media practitioner from the Nigerian Institute of Journalism (NIJ). In the era of media convergence, Olalekan is a valuable asset, with ability to curate and broadcast news. His zeal to write was developed out of passion to shape people’s thought and opinion; serving as a guideline for their daily lives. Contact for tips: [email protected]

Click to comment

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Coronavirus

Covid-19: WHO approves China’s Sinopharm vaccine

WHO has announced the approval of China’s Sinopharm vaccine for Covid-19 vaccination.

Published

on

Covid-19: First world nations oppose waiving intellectual rights for vaccine development

The World Health Organization (WHO) has announced the approval of China’s Sinopharm vaccine for Covid-19 vaccination.  The vaccine is reported to have 79% efficacy against covid.

This was disclosed today in a report by Reuters. The vaccine would also be the second Chinese-made vaccine after Sinovac vaccine and would be the first developed outside Europe and North America to receive WHO accreditation.

“This expands the list of COVID-19 vaccines that COVAX can buy, and gives countries confidence to expedite their own regulatory approval, and to import and administer a vaccine,” WHO Director-General, Tedros Adhanom Ghebreyesus said.

The WHO added that the easy storage requirements make it highly suitable for low-resource settings.

“Its easy storage requirements make it highly suitable for low-resource settings,” a WHO statement said while also disclosing that the vaccine has been approved for people above the age of 18 to receive two shots.

“On the basis of all available evidence, WHO recommends the vaccine for adults 18 years and older, in a two-dose schedule with a spacing of three to four weeks,” the statement added.

The vaccine was created by Beijing Biological Products Institute, a subsidiary of Sinopharm subsidiary China National Biotec Group, with an efficacy of 79% for all age groups.

The WHO however, admitted that few older adults (over 60 years) were enrolled in clinical trials, so efficacy could not be estimated in this age group.

Hotflex

In case you missed it

The quest for vaccine efficiency got a major boost earlier this week as Nairametrics reported that the United States government announced that it supports the waiver of Intellectual Property Protections on Covid-19 vaccine development, in a bid to boost the fight against the pandemic, and says it will participate in the Okonjo-Iweala-led WTO negotiation to make it happen.

Continue Reading

Obituaries

“Mama Taraba”, Former minister and senator, Aisha Al-Hassan is dead

Ex-Women Affairs minister, Aisha Jummai Al-Hassan, popularly known as Mama Taraba is dead

Published

on

A former Minister for Women Affairs and ex-Governorship Candidate in Taraba State, Aisha Jummai Al-Hassan, popularly known as Mama Taraba is dead.

According to media reports she died in a hospital on Friday in Cairo, Egypt at the age of 61.

Al-Hassan, who was a former senator of the Federal Republic of Nigeria from Taraba North Senatorial District, was the All Progressive Congress (APC) Governorship Candidate for Taraba in the 2015 general elections.

READ: Abba Kyari’s last letter to President Buhari

She later contested for the same seat on the platform of the United Democratic Party in the 2019 general elections after resigning from APC and as a minister in the administration of President Muhammadu Buhari on July 27, 2018.

The former senator was born on the 16th of September, 1959 in Jalingo, Taraba State, to Alhaji Abubakar Ibrahim, Sarkin Ayukan Muri.

READ: Chad’s President Deby dies of injuries suffered on the frontlines, as son takes over

Aisha Jummai Al-Hassan attended Muhammed Nya Primary School, Jalingo and LEA Primary School, Tudun Wada, Kaduna before proceeding to Saint Faith College (now GGSS) Kawo Kaduna where she studied between January 1973 and June 1977.

Hotflex

Details later…

Continue Reading

  





Nairametrics | Company Earnings

Access our Live Feed portal for the latest company earnings as they drop.