News & Announcements

The Nigerian Stock Exchange (NSE) has created a new sector in its daily official list, the Airline services sector and admitted 634 million shares of Airline Services & Logistics Plc (ASL) at N4 per share into this sector.

The NSE also reclassified, the Nigerian Aviation Handling Company Plc into the sector, as a result of its similarity with the newly created sector. This new listing, automatically increased the number of listed equities at the Nigerian Stock Exchange (NSE), as it rose to 208 from 202 securities recorded at the beginning of the year.

Speaking at the listing, the chief executive officer of Airline Services, Richard Akerele enjoined investors to buy into the company because of its strong growth and monopoly position as Nigeria’s premier flight catering service provider.

He stated that the company has a huge clientele, which include local and international airlines operating in Nigeria. It operates its own ultra-modern in flight catering kitchen facility within the grounds of the Murtala Mohammed International Airport (MMIA) from where it prepares all its meals and catering products.