SAHCOL offers N406m in first IPO after four years
Hopes of a return of the era of Initial Public Offerings (IPO) were rekindled last week, after four years of zero record, with the offer for sale of SAHCO Plc’s 406,074,000 ordinary shares of 50 kobo each at N4.65 per share. The company, which is one of the foremost aviation handling companies in Nigeria,…
NSE admits SAHCO Plc’s N406 million offer on exchange’s daily official list
The Nigerian Stock Exchange (NSE) has admitted 406,074,000 ordinary shares of 50 kobo each at N4.65 per share for Skyway Aviation Handling Company Limited...
Foundation canvass welfare package for widows
To make widows become self-sufficient and better equipped to take care of their families and in turn grow the economy, the Ajoke Ayisat Afolabi Foundation (AAAF) and stakeholders comprising former deputy governor of Lagos State, Sarah Sosan; wife of Ogun State governor, Olufunsho Amosun; former First Lady, Lagos, Abimbola Fashola, SIFAX Group and other NGOS…
SIFAX partners Bayelsa government on maritime, aviation development
SIFAX Group has concluded arrangement to collaborate with the Bayelsa State Government to develop the state’s maritime and aviation potential.This was revealed during a working visit of the top management team of the Bayelsa Investment Promotion Agency ...
SIFAX Group, NGOs partner to train physically-challenged persons
SIFAX Group has partnered with two non-governmental organisations (NGOs), Initiative for National Growth and Mo Rainbow Foundation, to train physically-challenged children in Lagos. About 70 visually-impaired and 50 children living with the down syndrome benefitted from these trainings.
Bowen University students win Maritime Blueprint competition
For displaying good knowledge of maritime legal practices, Bowen University, Iwo, Osun State, has emerged winner of the 2018 Maritime Blueprint Competition, in which law students from six universities participated.
How high ports charges engender bleak fortunes for Nigeria
Astronomical charges that make Nigerian seaports among the costliest in the world are currently throwing operators and importers off balance, and ultimately jeopardising the fortunes of the nation’s economy. Charges are a critical factor in the cost of doing business at the ports, and apart from the tariffs, levies and taxes, there are also computed…
The Gambia, SIFAX Group sign MoU to build, operate dry port
SIFAX Group, a multinational company with interests in maritime, aviation, haulage & logistics, oil & gas and hospitality, has signed a Memorandum of Understanding (MoU) with the government of Gambia to build and operate a dry port in the country’s capital, Banjul. A dry port (sometimes inland port) is an inland intermodal terminal directly connected…
SIFAX begins plan to digitize Ebute Ojo terminal
SIFAX Group said plans are at advanced stage to install modern IT infrastructure at its new Ebute Ojo Terminal in Ojo Local Council of Lagos State.
Inherent risks of faulty cargo scanners at seaports, borders
It came as a shock. Many could not believe it; even the reporters find it difficult to believe until it finally dawned on all that the Nigerian Customs Service (NCS), actually intercepted 661 pump-action rifles outside the port in Lagos.