Nigerian tycoon Taiwo Afolabi's SAHCO wins Air Algérie deal at Lagos, Abuja airports
SAHCO, the Nigerian airport services company controlled by tycoon Taiwo Afolabi, will handle Air Algérie's new Lagos flights and its existing Abuja service.
SAHCO
Nigerian tycoon Taiwo Afolabi will pocket N984 million from SAHCO as his aviation company approves its biggest ever dividend
Taiwo Afolabi's SAHCO has formally approved a N1.62 billion dividend payout for shareholders following the company's record-breaking 2025 financial performance and expansion plans into the UAE.
SAHCO profit surges 142% to N11.73 billion in 2025 as chairman Taiwo Afolabi's 60.72% stake hits $84 million
SAHCO posted N11.73 billion profit after tax in 2025, up 142%, as revenue rose 54% to N44.46 billion. Chairman Taiwo Afolabi's controlling stake is now worth N117.68 billion.
Nigerian logistics mogul Taiwo Afolabi’s fortune rises as SAHCO stake nears $50 million
Nigerian mogul Taiwo Afolabi’s SAHCO holding climbs to $48 million, backed by soaring revenue, profit, and investor confidence.