History

NAHCo was incorporated as a Private Limited Liability Company on 6th December, 1979 under Schedule 2 of the then Nigerian Enterprises Promotion Decree, with Nigerian and foreign equity ownerships in the proportion of 60% and 40% respectively. The Federal Government’s ownership of 60% was offered for sale to Nigerians in November 2005 while four foreign airlines owned and still own the remaining 40% of the Company’s share capital. The Company was converted to a public limited liability company on 4th August 2005.

From Government to Private Ownership

Following the decision of the Federal Government to divest its shares in the Company, and the Board’s resolution of 4th August, 2005 changing the status of the Company to a Public Limited Liability Company, the Bureau of Public Enterprises (BPE), on behalf of the Federal Airport Authority of Nigeria, offered for sale 180 million ordinary shares of 50 kobo each at N5.50 per share through an Initial Public Offering which opened on 31st October 2005 and closed 28 November, 2005. The Offer was oversubscribed by 80% and today, NAHCo’s shares are held as follows:

Stock Exchange Listing

The full circle in the change of ownership of NAHCo was finally completed with the historic listing of the Company’s Shares on 27th November, 2006. The shares were listed at N5.50 and have remained one of the most actively traded securities on The Nigerian Stock Exchange.

Business Activities

NAHCo’s main activities revolve around the following:

• Passenger and baggage handling;

• Cargo handling through its customs bonded warehouses and mail handling through postal authorities; and,

• Ramp and other ground handling services through the provision of ground support equipment.

Passenger Handling

NAHCo’s passenger handling services thrive on speed, flexibility, safety, empathy, and knowledge of the customer’s needs.
The Company has automated its services to reduce transaction time. With the Departure Control System (DCS), and the Integrated Multi User System (IMUSE), check-in procedures are quick and efficient.

Ramp Services

NAHCo staff work hard to ensure airlines operate their flights on schedule and in accordance with international safety standards. From the point of the aircraft landing to departure, NAHCo’s technical staff perform crucial tasks such as aircraft push back, cleaning and maintenance, using a wide range of functional and modern equipment.

Cargo Services

In handling cargo, the Company places a premium on safety and strict adherence to international requirements. NAHCo is guided by the International Civil Aviation Organisation (ICAO) regulations and other conventions on aviation ground handling to ensure that its services conform to global best practices. All cargo operations are computerised using the Hermes technology, and this has helped to improve service delivery. Its Cargo Handling Services take place in an ultra-modern warehouse installed with screening machines and manned by staff who have received extensive training in cargo handling procedures.

NAHCo’s operations are carried out at its corporate headquarters, Murtala Muhammed Airport, Ikeja, Lagos and all other International Airports across the country. NAHCo’s Management structure is made up of the Managing Director’s Office and three divisions as shown in the organogram below:

MD/CEO’s Office

The MD/CEO’s Directorate is made up of four departments saddled with the responsibility of formulating Business Strategy, managing stakeholders, and supporting core operations.

MD/CEO’S Directorate

• Corporate Planning & Communications

• Legal

• Commercial

• Internal Audit and Risk Management

The core operations of the Company are carried out across three major Divisions. They are Operations, Finance and ICT, and Human Resources and Administration.

Operations

Headed by a Chief Operating Officer (COO), the Division is made up of:

1. Passenger Services

2. Cargo Services

3. Ramp Services

4. Maintenance

5. Outstations (Abuja, Kano, Lagos and Port Harcourt)

Finance and ICT

Three Departments form this Division:

1. Management Accounts

2. Financial Accounts

3. ICT

Human Capital

1. Manpower Training and Development

2. Human Resources Operations

3. Employee Relations

4. Administration