The Nigerian Aviation Handling Company Plc (nahco aviance) is playing pivotal role in the airlift of pilgrims to the Holy Land as it is facilitating the ongoing airlift of thousands of pilgrims to Saudi Arabia.
Also, the firm has assured investors and stakeholders that it will continue to operate at full swing to bring value to their funds.
As part of the current hajj operation, which started on Monday, it is estimated that NAHCO would handle a minimum of 99 outbound and 105 inbound flights from 10 airports across the country.
The Head of Corporate Services of the Company, Mr. Ahmed Bashir Gulma, pointed out in a statement that every year at this season, NAHCO had always put its services at the behest of Muslim devotees performing their religious obligation by assisting them in ensuring a hassle – free handling to the holy land.
According to Gulma, “We collaborate with the airlines, the National Hajj Commission of Nigeria (NAHCON) and the federal government in ensuring that Muslim faithfuls on pilgrimage get excellent passenger handling on their way to and from the holy land.”
The airports on the schedule of NAHCO include Abuja, Sokoto, Katsina, Ilorin and Bauchi. Others are Gombe, Maiduguri, Yola, Minna and Kaduna.
The promise to make this year’s passenger handling service for Hajj exceptional comes as the Company’s management assured investors, regulators and other stakeholders that it was doing all within its power to resolve the issue regarding the recent visit of operatives of the Economic and Financial Crimes Commission to its offices.
The Company said in a published statement, “As a publicly quoted company, NAHCO is guided by its Apex Regulator, the Securities and Exchange Commission (SEC), Nigerian Stock Exchange (NSE) and the listing rules. We are also aware of our shareholder rights as enshrined in the Constitution of the Federal Republic of Nigeria, extant rules and the mutual investment protection treaty covering European strategic investors on our Board. As such, this information update has become necessary.”
It further pointed out that as a regulated and listed business entity with strong international corporate governance credentials, NAHCO believes that SEC and NSE should be aware of any petition and are in the best position to provide guidance, proper feedback and/or even sanctions regarding any alleged infractions by a regulated entity.
C & I Leasing Appoints Ugoji Lenin Ugoji as Group Managing Director/CEO
C & I Leasing Plc has appointed Mr. Ugoji Lenin Ugoji as the Group Managing Director and Chief Executive Officer following the retirement of Mr. Andrew Otike-Odibi on 31 of December 2021.
The company disclosed in a statement signed by Mbanugo Udenze & Co Company Secretary and seen by Investors King. Ugoji, the company’s chief operating officer, is now the Managing Director/CEO, effective 1 January 2022.
Ugoji Lenin Ugoji Profile
Ugoji holds a Bachelors’ Degree in Estate Management from the University of Lagos, and an MBA in Banking & Finance from the ESUT Business School, Enugu. He is also a Chartered Pension professional, and an associate of the Certified Pension Institute of Nigeria.
Ugoji joins C & I Leasing with over 20 years experience in Commercial/Investment Banking, Leasing and Asset Management.
His last assignment was with The Mellanby Trust Company, a Commodity focused Asset Management Company registered with the Securities & Exchange Commission (SEC), where he was a founding Director and the Chief Investment Officer responsible for directing the company’s Investment Portfolio structure for purposes of its corporate and individual clients.
Ugoji’s extensive experience in the Leasing Industry commenced in 2005 as a Pioneer member of the Aquila Capital Group where he served as the pioneer Group Head Treasury & Wealth Management. He was responsible for creating the Group’s, Equipment Leasing focused Funding and Investment structure, which was targeted at attracting Capital from Private Equity, Foreign Development Financial Institutions and Local sources.
From 2010 to 2015, he served as the pioneer Managing Director for ‘Aquila Asset Management Ltd’, a Management Buy-Out firm from the Aquila Group. Prior to his time at the Aquila Group, Ugoji worked at Continental Trust Bank (now UBA) and NAL Bank Plc (now Sterling Bank) in the Treasury, International Operations and Domestic operations groups respectively.
Ugoji is happily married with children. He is passionate about ideas creation, investment and deal structuring, and enjoys volunteering for laudable causes. When not at work or volunteering, he enjoys spending time with his family, reading, music and photography.
C&I Leasing Appoints Cordros Registrars as its Registrar
C&I Leasing Plc, a Nigerian leading maritime company, has appointed Cordros Registrars Limited as its registrar for share registration and data management service provider.
The company disclosed this in a statement filed with the Nigerian Exchange Limited and obtained by Investors King.
Cordros Registrars Limited has now replaced Centurion Registrars Limited and takes over the Register of Members of C & I Leasing Plc effective 1st January, 2022.
The statement reads “C&I Leasing Plc hereby notifies Nigerian Exchange Limited (NGX), its shareholders and the investing public of the appointment of Cordros Registrars Limited as its REGISTRARS – SHARE REGISTRATION AND DATA MANAGEMENT SERVICE PROVIDER.
“Cordros Registrars Limited replaces Centurion Registrars Limited and takes over the Register of Members of C & I Leasing Plc effective 1st January, 2022.”
Speaking at a virtual press conference at the weekend, the Chief Executive Officer, C & I Leasing Plc, Ugoji Ugoji, revealed the company’s plans to explore opportunities in the digital space to improve its revenue despite the negative effects of the pandemic.
Explaining how the company planned to achieve this, he said by increasing and enhancing its collaboration and the creation of new business models to navigate the impact of the COVID-19 crisis, the company will remain more profitable and competitive in the industry.
He also stated that the company would continue to look at the existing businesses to identify areas of improvement.
“We must be able to adapt and manage the resources of the company to improve on our processes to reduce the cost of transactions and grow our topline revenue,” he said.
Netflix Increases US, Canada Subscription Fees…Nigerian Subscribers To Suffer Same Fate
With the increase in inflation rates and the unstable foreign exchange, Netflix is likely to hike its subscription fee in Nigeria.
This is following the latest increase in its subscription fee in the United States and Canada, effective immediately for new subscribers.
Usually, when the inflation rate rises, prices of goods and services also increases, and consequently, banks raise their interest rates as well to cope and maintain their profit margin.
In the U.S., subscribers to Netflix’s basic plan, which allows for one stream on one screen at a time and does not have HD streaming, will now be charged $9.99 a month, up from $8.99.
The standard plans, which allow for users to stream on two screens at the same time now costs $15.49 per month, an increase from $13.99, while premium plans have also increased to $19.99 a month.
Investors King gathered that this is the third time Netflix will raise its prices in three years and the first since October 2020 for streamers residing in the U.S. and Canada.
Presently in Nigeria, Netflix’s subscription rate ranges from about 3,300 to about 5,800 per month.
Investors King recalls that Netflix, in 2020, officially launched its presence in Nigeria and since its launch, the streaming company has dominated Nigeria’s relatively new video-on-demand market with some hit movies and web series like King of Boys, Òlòtūré, Citation, Lionheart, Namaste Wahala, among others.
Today, Netflix has over 151 million paying subscribers in more than 190 countries.
Meanwhile, the Federal Government of Nigeria is making plans to force international social network services and digital platforms to register and open offices in Nigeria.
This means that media services, social media platforms and digital streaming platforms like Netflix and the others must register and pay tax in Nigeria and register with the National Broadcasting Corporation (NBC).
This move, according to the government, is to ensure that all these platforms register with the NBC, apply for a broadcasting license and pay tax.
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