NAHCO postpones board meeting as COVID-19 disrupts audit of financial statement -

The Nigerian Stock Exchange (NSE) and shareholders of Nigerian Aviation Handling Company Plc (NAHCO AVIANCE) have been notified that the meeting of the Board of Directors of the Company, earlier scheduled to hold on April 8, 2020, in Lagos has been postponed until further notice.

The Company said the postponement of the board meeting which was meant to consider and approve its 2019 audited financial statements and recommend the payment of dividend is because “the 2019 Audited Financial Statements has still not been completed due to disruptions of the auditing process by the impact of COVID-19.”

“You will be adequately notified of the date of the meeting when it is fixed in accordance with the rules of The Exchange,” NAHCO said in an April 6 note signed by Bello A. Abdullahi of Dikko & Mahmoud Solicitors, Company Secretary.

Despite the postponement of the board meeting, the closed period declared by the Company from March 12, 2020 will continue until 24 hours after the 2019 audited financial statements is released to the market. Accordingly, all insiders have been advised not to directly or indirectly deal in the shares of the Company in any manner during the closed period.

Daily update on #COVID19 in Lagos

By Segun Adams • April 7, 2020

Iheanyi Nwachukwu

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.