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.
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Nigerian mogul Taiwo Afolabi’s SAHCO holding climbs to $48 million, backed by soaring revenue, profit, and investor confidence.
SIFAX Group partners with Micura Services and expands trade links to the UK, India, and China to improve Lagos port operations and ease exports.
SIFAX, led by Taiwo Afolabi, unveils a direct Nigeria–UK export service to cut shipping costs and delays for Nigerian SMEs.
Sifax Group’s official statement assures that the company’s robust backup plan ensured no data loss during the fire incident, minimizing any potential long-term impact on operations.
The incident occurred on Saturday, February 24, impacting the facilities of Port and Cargo Handling Services Limited, a key subsidiary of the conglomerate.
Afolabi emphasized the consortium’s commitment to leveraging its track record of success in revitalizing enterprises for growth and profitability.
Under Afolabi, Sifax Group has evolved into a leading conglomerate with diversified interests in aviation, oil and gas, maritime, haulage, logistics, and hospitality.
Founded in 1988, Sifax Group is one of Nigeria’s leading conglomerates.
After working for Nigerian Express Agencies Limited in the 1980s, Afolabi founded SIFAX Group in 1988.
The hotel is a partnership between SIFAX Group and Marriott International.