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All Posts in "Day: May 17, 2025"

SAHCO Wins British Airways Safety And Punctuality Awards 

SAHCO Wins BA Safety, Punctuality Awards for Q1 2025
Skyway Aviation Handling Company (SAHCO) PLC has once again demonstrated its leadership in aviation ground handling by winning the prestigious British Airways Safety and Punctuality Bronze Awards for both Lagos and Abuja stations for Q1 2025.
The awards recognize SAHCO’s exceptional performance in meeting British Airways’ punctuality targets and upholding the highest safety standards in the Middle East, Africa, and Asia Pacific region.
British Airways presented the awards in recognition of SAHCO’s consistent professionalism and seamless ground handling services during the first quarter of 2025. Both Lagos and Abuja stations achieved the airline’s Adjusted Departure Closure (aDC) target of 96% each month during the period — a reflection of SAHCO’s unwavering commitment to operational excellence.
“Safety and punctuality are pillars of the aviation industry,” said Hellen O’Connor, Regional General Manager for British Airways, Middle East, Africa, and Asia Pacific. “We congratulate SAHCO in Lagos and Abuja for their outstanding contributions in achieving our Q1 punctuality goals.”
Since the inception of the awards, SAHCO has been a consistent winner across all categories. In 2024 alone, the Lagos station received Bronze, Silver, Gold, and Platinum awards, while Abuja earned the Bronze award — a testament to the company’s relentless pursuit of excellence.
In response, SAHCO’s Managing Director/CEO, Mrs. Adenike Aboderin, expressed appreciation to British Airways for the continued recognition. “We are delighted to receive this honour. SAHCO is committed to providing world-class ground handling services with the use of advanced, eco-friendly equipment. This award is a testament to the hard work and dedication of our team nationwide.”
Also, SAHCO PLC and its Assistant General Manager, Safety and Quality Assurance, Mrs. Christy Oseghale, were honoured with the Special Safety Merit Award at the 2025 Nigeria Safety & Security (NSAS) Awards and Lecture, organized by Safety & Security Watch (SSWatch) Magazine, to commemorate the ILO World Day for Safety and Health.
Mrs. Oseghale was specially recognized as a Safety Champion for her leadership in promoting a safety-first culture, contributing to national awareness, and helping to elevate industry benchmarks.
“I’m deeply honoured by this recognition,” she remarked. “At SAHCO, safety is not negotiable. We are committed to safeguarding lives, equipment, and operations through best-in-class safety standards.”
“SAHCO prioritizes safety in every aspect of its operations,” said Dr. Chinyere Amaechi, Managing Editor of SSWatch Magazine. “The company’s multiple certifications and gender-inclusive safety culture reflect its reputation as one of Nigeria’s most compliant aviation service providers.”
With these accolades, SAHCO PLC continues to cement its position as a leading provider of safe, reliable, and innovative ground handling services across Nigeria’s aviation landscape.
Online Poster by — May 17, 2025 in Aviation 0

Cadbury Nigeria Plc has announced a profit of N5.98billion for the first quarter of 2025, following the approval of the unaudited financial statements of the Company by its Board of Directors. This represents an increase of 182 percent, reversing the loss of N7.32billion that the Company recorded for the same period in 2024.
The Company also recorded 182 percent increase in profit before tax of N8.54billion in the period under review, reversing the loss of N10.45billion that it had reported for the first quarter of 2024. Cadbury Nigeria’s gross profit further improved by 143 percent from N4.99billion to N12.15billion, in the same period.
A statement from the Company said Cadbury Nigeria’s turnover grew by 57 percent from N23.69billion in the first quarter of 2024, to N37.22billion in the first quarter of 2025, while its total equity rose from N4.38billion to N10.35billion, representing an increase of 137 percent.
The statement added that the Company’s basic earnings per share (EPS) increased by 182 percent to 262 kobo, reversing a loss of 321 kobo recorded for the period ended 31 March 2024, while its net assets per share, rose from 192 kobo to 454 kobo, representing an increase of 137 percent, in the period under review.
According to Oyeyimika Adeboye, Managing Director, Cadbury Nigeria, the Company’s sterling performance in the first quarter of this year, reflects its resilience and agility in the face of a challenging business environment. She added that the Company’s strong focus on cost management and efficient use of resources are yielding fruit.
“I must commend my colleagues at Cadbury Nigeria and our Board of Directors for their commitment in ensuring that we successfully navigated the stormy waters. I must also specially thank Mondelez International, our parent company, for its unwavering support during this difficult period.”
The statement issued by Frederick Mordi, the Company’s Head of Corporate Communications and Government Affairs, noted that Cadbury Nigeria, which turned 60 on 9 January 2025, was earlier this year, rated Number Two Top Employer in Nigeria and Regional Top Employer in Africa, by the Amsterdam-based Top Employers Institute, for the fourth consecutive year.
Online Poster by — May 17, 2025 in Capital Market 0
Chartered Institute Of Directors Nigeria Lauds NDIC’s Commitment To Advancing Corporate Governance, Ethical Leadership

The Nigeria Deposit Insurance Corporation’s (NDIC) excellence in operational standards, consistent implementation of its mandate, and unwavering commitment to ethical leadership and sound corporate governance especially in banking supervision and depositor protection, have been critical factor in the Corporation’s success in promoting the stability of the banking sector and the nation’s financial system.
The President and Chairman of Council of the Chartered Institute of Directors (CIoD) Nigeria, Alhaji Tijjani Borodo, made these remarks during a courtesy visit by the CIoD Governing Council to the Management of the Nigeria Deposit Insurance Corporation (NDIC) at the Corporation’s Head Office in Abuja. While commending the NDIC for its notable achievements in bank liquidation and resolution, he noted that poor corporate governance has been a major contributing factor to bank failures. He stated that as the apex professional body for directors in Nigeria, the CIoD has instituted mechanisms and procedures to sanction erring directors found culpable of unethical conduct. He reaffirmed the Institute’s strong commitment to promoting high standards of governance and leadership across all sectors, including the banking industry.
Alh. Tijjani Borodo described the visit of the Governing Council of the CIoD opportunity to strengthen and sustain the partnership between the Institute and the NDIC, particularly in the area of capacity building through board induction programmes, executive leadership development, and governance training tailored to the specific needs of directors in both the public and private sectors.
In response, the NDIC MD/CE, Mr. Bello Hassan, expressed appreciation to the CIoD leadership in promoting professionalism and corporate accountability. He emphasized the NDIC’s commitment to depositor protection and financial system stability, stressing that corporate governance is central to the Corporation’s operational mandate and critical in strengthening the integrity and resilience of banks as well as instilling public confidence in the financial system.
Mr. Hassan further reiterated the Corporation’s readiness to sustain its partnership with the Institute in advancing a strong culture of corporate governance among the NDIC’s executive staff and across the broader financial industry.
Online Poster by — May 17, 2025 in Insurance and Pension 0
FIRS Gets RMAFC Credit For  Nigeria’s Fiscal Stability

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has described the Federal Inland Revenue Service (FIRS) as the cash cow responsible for the fiscal sustainability of the three tiers of government.
RMAFC member, Bimbo Kolade, who doubles as the commission’s Inland Revenue Monitoring Committee (IRMC), said this in Abuja on Thursday during the inauguration of a joint FIRS-RMAFC Technical Committee at the FIRS headquarters.
A statement by Sikiru Akinola, Technical Assistant on Media to the FIRS chairman said the federal, quoted Kolade as stating that federal, state and local governments are able to make projections and execute projects because of the assurance of steady revenue which comes mainly from tax revenue collected by FIRS and shared monthly at the Federation Allocation Account Committee meeting.
In 2024, FIRS tax revenue accounted for about 65 per cent of the total money shared by the three tiers of government, thus making tax as the pivotal source of revenue instead of crude oil sales by the Nigerian National Petroleum Corporation (NNPC).
Commending the FIRS chairman, Kolade explained that “if not for the wonderful job Dr Zacch Adedeji has been doing since September 2023 at the Service, Nigerians may have been crying a little more with what we have passed through.
“With your dedication, commitment and stellar performance, we can see that the country has been the better for it. I also want to congratulate Dr Adedeji on the success of the Tax Reform Bills.
“We could see the initial misunderstanding that came with the Bills— even the little between RMAFC and FIRS on the issue of VAT allocation and the rest of them. But then, because of the kind of person the FIRS chairman is, he called our chairman, and it was resolved.”
Speaking on the function of IRMC, Kolade explained that it was saddled with the responsibility of monitoring all accruals that come into the federation accounts.
“At RMAFC, we have various committees that oversee various parts of government organisations that we need to monitor. One of the federal agencies is FIRS. This IRMC was put in place to monitor tax revenue by ensuring that all taxes such as Value-Added Tax (VAT), Companies Income Tax (CIT) and the rest are properly collected and remitted into the federation accounts.
Speaking at the event, the FIRS boss who inaugurated the joint committee, said the visit of the RMAFC team was not only a gesture of goodwill but also a testament to the long-standing and strategic relationship between the two institutions.
He explained that the two agencies are linked by shared responsibilities in Nigeria’s fiscal architecture.
“While we at FIRS are charged with the collection of revenue, particularly non-oil taxes, RMAFC plays a vital role in ensuring that the revenues generated are monitored, properly accounted for, and equitably distributed in line with constitutional provisions.
“Our collaboration over the years has been built on mutual respect, professionalism, and a common objective: to enhance the fiscal sustainability of the Nigerian state. RMAFC’s work in monitoring revenue and advising on fiscal allocation directly supports our efforts to build a more robust and transparent tax system.
Adedeji said that the visit RMAFC’s visit was significant as it presented an opportunity for both institutions “to reflect on our shared progress, identify areas for improvement, and chart a forward-looking path toward even more impactful collaboration.”
“As Nigeria seeks to diversify its revenue sources and reduce its dependence on oil, the roles of FIRS and RMAFC become even more critical. It is against this backdrop that we welcome this engagement—not just as a courtesy, but as a strategic dialogue aimed at strengthening our institutional partnership.”
Revealing that the cooperation between the two agencies have yielded several positive outcomes, Adedeji said that “through information sharing, data verification exercises, and joint revenue monitoring initiatives, we have contributed meaningfully to improved revenue accountability at the federal level.
“RMAFC’s insights have helped shape policy decisions, while our work at FIRS in improving tax administration has directly supported the Commission’s monitoring and allocation functions. The synergy has also led to better forecasting and fiscal planning at the national level.
“However, we know there is still much to be done. Going forward, we must explore ways to institutionalise our collaboration through a more structured framework that addresses the issue of functional overlaps such as duplication of effort, conflicting priorities or objectives, communication breakdowns and role confusion.
“This framework will be one that includes regular inter-agency strategy meetings, joint research and analytics, and technology-driven data integration.
“It should also define clear roles, set common goals and monitor progress.  The benefits will be improved collaboration, increased efficiency and enhanced innovation,” Adedeji said.
Online Poster by — May 17, 2025 in News 0