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Nigerian Aviation Handling Company

Buy Nigerian Aviation Handling Company stocks

Nigerian Aviation Handling Company (NGX: NAHCO) Stocks

What is Nigerian Aviation Handling Company Plc

Nigerian Aviation Handling Company Plc is an investment holding company based in Nigeria that has business interests in aviation services and support like aviation cargo, aircraft handling, passenger facilitation, crew transportation and aviation training.

Today, Nigerian Aviation Handling Company Plc handles about 70% of domestic and foreign airlines operating in Nigeria at 9 airports across the country through subsidiary companies like Mainland Cargo Options and Nahco Power Energy and Infrastructure.

Through the Federal Airports Authority of Nigeria (FAAN) the federal government has a 60% equity stake in this aviation enterprise while the remaining 40% is held by Air France, British Airways, Sabena and Lufthansa.

The history of Nigerian Aviation Handling Company Plc can be traced back to 1979 when the company was established as the sole ground handler at the newly-commissioned Murtala Muhammed International Airport in Lagos. It is listed on the Nigerian Stock Exchange (NGX) since 27 November 2006.

Today, Nigerian Aviation Handling Company Plc has a diversified portfolio in more sectors of the Consumer Services value chain and renders the following services: aircraft handling, cargo handling, passenger profiling, crew transportation, leasing of ground handling equipment and equipment rental, ramp services, passenger profiling, security and baggage handling, cargo documentation services for airlines, import and export cargo facilitation through warehouses in Lagos, Kano, Abuja, Port-Harcourt and Enugu as well as crew transportation services for airline crew or passengers, business people, dignitaries and private jet passengers.

Nigerian Aviation Handling Company Plc delivers these services through a fleet of 18-seater Mercedes Benz sprinter buses and 32-seater Toyota Coaster air-conditioned executive buses with baggage vans. Its learning and development centre gives training to the nation’s aviation industry.

Nigerian Aviation Handling Company Plc’s equity stocks are for sale online on the Nigerian Stock Exchange (NGX) under the stock symbol NAHCO.

Nigerian Aviation Handling Company Plc has its headquarters at Nahco Aviance House, Murtala Muhammed International Airport, Ikeja, Nigeria.

The current Acting Group Managing Director/Chief Executive Officer of Nigerian Aviation Handling Company Plc is Olatokunbo Adenike Fagbemi.

Nigerian Aviation Handling Company Plc forms part of the Transportation Industry and the Consumer Services Sector.

 

Nigerian Aviation Handling Company Plc Stock Performance

The current price for Nigerian Aviation Handling Company Plc stocks is 3.53 Nigerian Naira (NGN). The company has a total market capitalisation of 5.73 Billion NGN with a P/E ratio of 8.61 and earnings per share of 0.41 NGN. A total of 1.62 Billion shares are outstanding.

With an increase of earnings per share and consistent profits over a period, investors who want to buy or sell Nigerian Aviation Handling Company Plc stocks can be assured of lucrative dividends and earnings in times to come.

According to an analysis on the live chart of Nigerian Aviation Handling Company Plc, analysts forecast further improved performance for the Consumer Services sector with market share growing as trading volumes increase.


Highlights of Nigerian Aviation Handling Company Plc in 2022

Nigerian Aviation Handling Company Plc started the year with a share price of 2.30 NGN, and it has gained 53.5 % in value on its price valuation, ranking 19th on the NGX where year-to-date performance is concerned.

Nigerian Aviation Handling Company Plc is currently the 32nd most-traded stock on the NGX and it has experienced a total trading volume of more than 128 million shares, which were finalized in 2,814 deals and were valued at a total of 420 million NGN over three months, with an average of 2.03 million shares in each trading session.

The highest volume shares traded on one single day was 11.8 million, achieved on 26 October.

 

How to buy Nigerian Aviation Handling Company Plc stocks – Step by Step

The stock market is one of the most attractive financial markets that sees millions of retail investors and traders’ participation daily. To buy, sell or trade Nigerian Aviation Handling Company Plc stocks, traders and investors can follow a few simple steps:

  1. Find the share that you want to buy, in this case, “NAHCO”.
  2. Select a forex broker that offers access to the Nigerian Stock Exchange (NGX).
  3. Review the broker’s trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading plan.
  4. Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
  5. You are now ready to make your first share purchase through the broker.
  6. You can further start to build and diversify your portfolio by buying more shares.


FAQs

What is the NGX?

The Nigerian Stock Exchange (NGX), officially known as the Nigerian Exchange Group, comprises leading integrated market infrastructure in Africa that is servicing the Nigerian economy – the continent’s largest. The NGX provides capital access to companies that are seeking to gain the support of the financial markets to fund their business expansion.

Similarly, NGX offers its pool of domestic, regional, and international investors an assortment of regulated securities to in turn achieve their investment objectives.

Since March 2022, the former Nigerian Stock Exchange was demutualised from a member-owned not-for-profit entity into a shareholder-owned, profit making entity called the Nigerian Exchange Group Plc.

 

On which stock exchange does Nigerian Aviation Handling Company Plc have shares for sale?

Nigerian Aviation Handling Company Plc trades its equity on the Nigerian Stock Exchange (NGX) under the stock symbol NAHCO.

 

What type of company is Nigerian Aviation Handling Company Plc?

Nigerian Aviation Handling Company Plc is an investment holding company with business interests in aviation services and support like aviation cargo, aircraft handling, passenger facilitation, crew transportation and aviation training.

 

In which industry and sector does Nigerian Aviation Handling Company Plc operate?

Nigerian Aviation Handling Company Plc forms part of the Transportation Industry and the Consumer Services Sector.

 

What is the price of Nigerian Aviation Handling Company Plc shares today?

At the time of writing, the current price of Nigerian Aviation Handling Company Plc shares was 3.53 NGN.

 

Is Nigerian Aviation Handling Company Plc a good investment?

Yes, Nigerian Aviation Handling Company Plc’s forecast indicates further growth and improvement in the second half of 2022, with investors expecting lucrative dividends and returns with increased financial performance.

 

What is the risk analysis for Nigerian Aviation Handling Company Plc?

Over the past year Nigerian Aviation Handling Company Plc experienced a 61.93 % growth in its stock price.

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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