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SAHCO Plc announces re-certification by IATA

Skyway Aviation Handling Company Plc (SAHCO) has informed the NSE that it has been recertified by the International Air Transport Association (IATA).

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SAHCO list on NSE, SAHCO and BPE, Nigeria's Aviation industry, Skyway Aviation Handling Company Plc

Skyway Aviation Handling Company Plc (SAHCO), has notified the Nigerian Stock Exchange, its shareholders, and the investing public that it has been recertified by International Air Transport Association (IATA).

The recertification was issued to SAHCO after it passed the IATA Safety Audit for Ground Operations (ISAGO) standards audit, conducted on the company after the expiration
of the previous certification.

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About the audit: The audit cuts across Load control, Passenger and Baggage Handling, Aircraft Handling and Loading, Aircraft Ground Movement, Cargo and Mail Handling.

More so, the revalidation was issued to SAHCO after an onsite confirmation of the implementation of the ISAGO Audit, which was certified to be in compliance with internationally recognised quality auditing principles.

“By this recertification, SAHCO has continued to model its operations in Lagos and Abuja to ISAGO standards, as a result making a commitment to continue to operate to globally accepted industry best practices. The Audits cuts across Load control, Passenger and Baggage Handling, Aircraft Handling and Loading, Aircraft Ground Movement, Cargo and Mail Handling.

As already pledged to its clients (current and prospective), it is SAHCO’s resolve to continually provide quality and efficient Passenger, Ramp and Cargo Handling Services in line with best practices and the highest International Standards to the delight of its customers and benefit of all stakeholders, utilizing State-of-the-art equipment, skills, procedures and facilities, and employing a dedicated workforce.”

What you should know about IATA: The International Air Transport Association is responsible for regulating the aviation travel industry across the world. Travel agents and agencies apply for IATA certifications to demonstrate their superior qualifications.

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About SAHCO: SAHCO is a company listed on the Nigerian Stock Exchange (NSE). It is incorporated as an Aviation Ground Handling services provider under the Nigerian Company & Allied Matters Act of 1990.

SAHCO, which was formerly known as Skypower Aviation Handling Company Limited before it was privatised and handed over to the SIFAX Group on December 23, 2009, was carved out of the defunct Nigeria Airways as part of the Nigerian government’s Ministry of Aviation reform of 1996.

The Company was listed on the Main Board of the NSE on Tuesday, April 23, 2019.

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SAHCO is the only surviving subsidiary of the defunct Nigerian Airways and is the first government privatized company to be successfully listed under the guidance of the Bureau of Public Enterprises.

The company’s business model is geared towards delivering premium services and this has necessitated massive investment in personnel development, fleet replacement and infrastructure development over the years, with a spread to twenty-one (21) commercially operated airports in Nigeria, as a result making SAHCO a one-stop shop for Passenger Handling, Cargo & Ramp Handling services in the Nigerian Aviation Ground
Handling services.

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Famuyiwa Damilare is a trained journalist. He holds a Higher National Diploma (HND) in Mass Communication at the prestigious Nigerian Institute of Journalism (NIJ). Damilare is an innovative and transformational leader with broad-based expertise in journalism and media practice at large. He has explored his proven ability in the areas of reporting, curating and generating contents, creatively establishing social media engagements, and mobile editing of videos. It is safe to say he’s a multimedia journalist.

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Business

Update: Fuel scarcity looms as NUPENG directs Tanker drivers to withdraw services in Lagos

This was disclosed in a press statement by NUPENG on Friday, August 7, 2020.

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The scarcity of petroleum products appears to be looming in Lagos as the leadership of Nigerian Union of Petroleum and Natural Gas Workers (NUPENG) has directed its members to withdraw its services in Lagos with effect from Monday, August 10, 2020.

This is due to the failure of government authorities to address the various issues that have been causing serious pains and harrowing experience on the petroleum tanker drivers in the state for several months now.

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This was disclosed in a press statement by NUPENG on Friday, August 7, 2020.

NUPENG in its statement revealed that the entire rank and file members of the Union are deeply pained and frustrated by the so many challenges being consistently faced by Petroleum Tanker Drivers in Lagos State.

They said that they are left with no other option but to direct its members to withdraw their services in Lagos State until the State Government and other relevant Stakeholders address these critical. challenges.

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The statement from NUPENG reads, ‘’The National Leadership of Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has directed the withdrawal of services of Petroleum Tanker Drivers from Lagos State with effect from Monday, 10th August 2020 following the failure of various authorities in the State to address three major issues that have severely caused pains and harrowing experiences on the hapless Petroleum Tanker Drivers in the State for several months now.’’

‘’The entire rank and file members of the Union are deeply pained, frustrated and agonized by the barrage of these challenges being consistently faced by Petroleum Tanker Drivers in Lagos State and are left with no other option but to direct the withdrawal of their services in Lagos State until Lagos State Government and other relevant Stakeholders address these critical challenges.’

The Union reiterated that It is sad and disheartening to note that they had made several appeals and reports to Lagos State Government and the Presidential Task Force for the decongestion of Apapa on these challenges but all to no avail.

They said that they cannot afford to fold their arms while their members are being consistently and continually extorted, intimidated, harassed and victimized by different groups and segments in Lagos.

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Business

President Buhari signs amended Companies Allied Matters bill

The President’s action on the document repealed and replaced the extant Companies and Allied Matters Act, 1990.

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Budget: FG completes just 31.7% of constituency projects, Nigerians react to President Buhari's signing of Finance Bill 

President Muhammadu Buhari has assented to the Companies and Allied Matters Bill 2020, which was recently passed by the National Assembly.

This was disclosed in a statement signed by a media aide of President Buhari, Femi Adesina and shared by the Personal Assistant to the President, Bashir Ahmad, via his Twitter handle.

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According to the statement, the President’s action on the document repealed and replaced the extant Companies and Allied Matters Act, 1990, and introduced several corporate legal innovations geared toward enhancing ease of doing business in the country.

Key innovations in the new Act:

* Filing fee reductions and other reforms to make it easier and cheaper for small and medium-sized enterprises to register and reform their businesses in Nigeria;

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* Allowing corporate promoters of companies to establish private companies with a single member or shareholder, and creating limited liability partnerships and limited partnerships to give investors and business people alternative forms of carrying out their business in an efficient and flexible way;

* Innovating processes and procedures to ease the operations of companies, such as introducing Statements of Compliance; replacing “authorised share capital” with minimum share capital to reduce costs of incorporating companies; and providing for electronic filing, electronic share transfers, e-meetings as well as remote general meetings for private companies in response to the disruptions to close contact physical meetings due to the COVID-19 pandemic;

* Requiring the disclosure of persons with significant control of companies in a register of beneficial owners to enhance corporate accountability and transparency; and

* Enhancing the minority shareholder protection and engagement; introducing enhanced business rescue reforms for insolvent companies; and permitting the merger of Incorporated Trustees for associations that share similar aims and objectives.

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Energy

NNPC signs agreement with CNOOC, SAPETRO to end OML 130 disputes

The agreement is expected to help resolve disputes stemming from Oil Mining Lease (OML).

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Crude oil market remains unpredictable- NNPC Boss

The Nigerian National Petroleum Corporation (NNPC), said it has signed a Head of terms (HoT) agreement with China National Offshore Oil Corporation(CNOOC) and an indigenous oil production firm —South Atlantic Petroleum (SAPETRO).

A statement that was issued by the state-owned oil company via Twitter, yesterday, noted that this is part of the efforts that have been undertaken towards resolving all the disputes stemming from Oil Mining Lease (OML) 130 Production Sharing Contract.

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READ ALSO: NNPC spends N535.9 billion on subsidy, FAAC in Q1 2020

Nairametrics understands that the agreement, which is temporary, could also be instrumental towards resolving similar disputes between the NNPC and other oil companies. The NNPC had previously accused some of these oil firms of under-declaring crude exports for three years between 2011 and 2013.

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READ ALSO: NNPC cultivates 2,675 hectares of cassava for Ethanol production

Specifically, the NNPC alleged that the likes of Shell, Total, Chevron, and Eni under-reported crude oil exports in their oil fields to the tune of 57 million barrels. The NNPC even sought repayments valued at $12.7 billion from the oil companies, according to a suit filed before the Federal High Court in Lagos. The companies denied the accusations.

The new agreement is now expected to help resolve such disputes. Even the NNPC’s Group Managing Director, Mele Kyari. was quoted to have said the agreement is “a major milestone toward the resolution of all disputes.”

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