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 03 September 2010   ADSWITCH 1.90  0.00    CAPOIL 0.50  0.00    CUTIX 2.95  0.00    LIVESTOCK 0.55  -0.02    OKOMUOIL 12.60  0.60    PRESCO 6.98  -0.01    NAHCO 9.12  -0.08    DUNLOP 0.50  0.00    RTBRISCOE 3.40  0.00    ACCESS 7.90  -0.20    AFRIBANK 1.80  -0.03    DIAMONDBNK 6.42  -0.07    ECOBANK 4.47  0.03    FCMB 6.55  0.20    FIDELITYBK 2.33  0.00    FIRSTBANK 12.49  -0.26    FIRSTINLND 0.50  -0.01    GUARANTY 15.49  0.09    IBTC 8.80  -0.18    INTERCONT 1.89  0.09    OCEANIC 1.50  -0.04    PLATINUM 1.29  0.06    SKYEBANK 6.87  -0.04    SPRINGBANK 0.76  0.00    STERLNBANK 1.90  0.07    UBA 9.60  0.21    UBN 4.52  -0.23    UNITYBNK 1.01  0.00    WEMABANK 1.01  0.04    ZENITHBANK 12.50  0.03    GUINNESS 163.10  0.11    INTBREW 6.99  0.00    NB 72.38  2.38    ASHAKACEM 22.05  1.05    BCC 65.00  0.80    CCNN 14.96  0.50    WAPCO 37.11  -0.89    BERGER 6.61  -0.34    CAP 35.18  0.00    REDSTAREX 2.86  -0.15    NCR 7.30  0.00    TRIPPLEG 3.96  0.00    PZ 32.50  0.00    TRANSCORP 0.50  0.00    UACN 39.51  -0.75    UNILEVER 24.00  -0.02    COSTAIN 6.87  0.32    JBERGER 52.73  0.00    NIWICABLE 0.55  0.00    7UP 47.90  -2.10    CADBURY 26.50  0.15    DANGFLOUR 17.03  -0.07    DANGSUGAR 16.49  -0.08    FLOURMILL 70.25  0.00    NASCON 6.40  -0.32    NBC 36.29  -1.91    NESTLE 375.00  4.00    NNFM 47.00  0.00    UTC 1.08  0.00    EVANSMED 1.36  0.01    GLAXOSMITH 29.00  0.00    MAYBAKER 4.69  -0.24    NEIMETH 2.41  0.00    ALUMACO 7.75  -0.40    BOCGAS 10.18  0.00    FIRSTALUM 0.97  0.04    VITAFOAM 6.20  -0.10    VONO 0.63  0.00    AIICO 0.96  -0.05    CONTINSURE 1.18  0.02    CORNERST 0.50  0.00    CRUSADER 0.50  0.00    CUSTODYINS 3.50  0.00    EQUITYASUR 0.50  0.00    GNI 0.50  0.00    GUINEAINS 0.50  0.00    HMARKINS 0.50  0.00    INTENEGINS 0.50  0.00    LASACO 0.50  0.00    LAWUNION 0.52  -0.02    MBENEFIT 0.50  0.00    NEM 0.52  0.02    NIGERINS 1.00  0.04    OASISINS 0.51  0.00    PRESTIGE 2.85  0.00    REGALINS 0.50  0.00    ROYALEX 0.54  0.00    STDINSURE 0.50  0.00    UNIC 0.50  0.00    WAPIC 0.58  -0.03    JAPAULOIL 1.19  0.05    UNHOMES 0.72  0.03    BAGCO 2.44  0.00    NAMPAK 4.44  0.00    AP 31.26  1.48    CHEVRON 81.70  0.00    CONOIL 45.00  0.00    ETERNAOIL 6.94  0.00    MOBIL 173.00  0.00    OANDO 62.24  0.00    TOTAL 250.00  0.00    ACADEMY 5.50  0.00    LONGMAN 6.66  0.00    UPL 7.50  0.00    UAC-PROP 19.55  -0.30    ABCTRANS 0.57  0.02    UNTL 0.84  0.00    ETI 16.00  -0.50   


2009-08-28
NAHCo re-brands, raises N5b bond for business expansion

FOLLOWING its successful operations as Nigeria 's leading ground handling company for 30 years, the Nigerian Aviation Handling Company Plc (NAHCo) has rejuvenated its brand with the change of its corporate identity, while also launching an ambitious business expansion and diversification programme.

Sequel to the approval of its directors, NAHCo has changed its brand name to nahcoaviance, while retaining its registered name of Nigerian Aviation Handling Company Plc.

The company's logo has also been changed in line with the new brand name.

The new brand name, nahcoaviance, is a product of the company's membership of Aviation Alliance, the first global alliance of airport service providers in the world, which was formed in 1999. NAHCo is the only Nigerian member of the Alliance.

There are 13 aviance members and they operate in 20 countries serving 126 airports and employing 28,900 people.

Aviance members facilitate 180 million passengers every year and handle 1887kilotons of cargo.

All of these result in a yearly turnover of 1.140 billion Euros for the Alliance. Benefits of aviance membership include access to market intelligence, joint marketing, cross selling, common purchasing, pooling equipment, exchange of best practice, staff exchange, opportunities for joint venture, leverage to increase market share and enhanced branding.

NAHCo's Managing Director and Chief Executive Officer, Mr. Bates Sule, told The Guardian yesterday in Lagos that the re-branding process was aimed at complementing NAHCo's plans to refocus its business, diversify from its core handling business and explore business opportunities that exist in the West African region.

The company's re-branding process, according to Sule, has been on since 2006 with the series of re-orientation and attitudinal change programmes embarked upon as part of the enterprise change project of the new management.

His words: "After three years, much progress has been recorded with internal branding and we now want to move to the next level of our re-branding programme which involves presenting our new face to the public", he added.

Shareholders at the company's Extra-Ordinary General Meeting held in Abuja last week unanimously mandated the directors of the company to raise N5 billion through corporate bond for the purpose of business expansion and diversification.

Sule explained that the new funds raised from the bond will be invested in boosting the company's business through acquisition of more brand new equipment, expansion and modernisation of the Cargo Import shed in Lagos, expansion of the business into selected Airports in Nigeria and some West African countries, as well as diversification.

According to him, the diversification strategy of the company is aimed at reducing its dependence on core ground handling operations and broadening its income base through careful investment in ancillary businesses that complement its present service offerings.


Source:© Copyright Guardian
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