KEY POINTS

• Taiwo Afolabi owns 60.76 percent of SAHCO, which is now valued $48.24 million, up from $17.92 million at the start of 2025.
• In the first half of 2025, SAHCO’s revenues went up 74 percent to $13.7 million, and its profit went up 155 percent due of new partnerships and expansion in new areas.
• The company’s market value went up to $79.5 million, which means that investors are more confident in it, also that Nigeria’s aviation services sector is performing well.

Nigerian billionaire Taiwo Afolabi is tightening his grip on the country’s aviation services market after the value of his stake in Skyway Aviation Handling Company Plc surged to nearly $50 million.

Afolabi, who controls SAHCO through his conglomerate SIFAX Group, has seen his net worth expand rapidly this year as the company’s stock outperformed the wider Nigerian Exchange.

In July, SAHCO’s market capitalization rose to $79.5 million, which means that investors are once again confident in Nigeria’s aircraft handling industry. Afolabi’s business empire includes shipping, logistics, oil and gas, and hotels.

The earnings further show that in markets that are hard to anticipate, taking little risks and distributing your money around may make or break fortunes.

The value of SAHCO’s stake likewise goes up as earnings go up

Afolabi’s 60.76 percent ownership in SAHCO is now worth $48.24 million, which is a lot more than the $17.92 million it was worth at the beginning of 2025. The rally arose because SAHCO’s stock price went up a lot, from N33.45 on January 1 to N90.05 by July, more than tripling. The rise has made Afolabi one of the most important investors on the Nigerian Exchange and brought SAHCO to the notice of the booming aviation industry.

SAHCO is doing well, its risky plan to diversify is working

SAHCO made $13.7 million in the first half of 2025, a 74 percent increase, thanks to the many investments made by SIFAX Group. Profit went up by 155 percent since the company made new relationships and moved into new markets.

The company’s retained earnings, total assets, and shareholders’ equity all grew by more than 10 percent, which made its financial base stronger. Afolabi’s long-term plan to mix efficiency, local engagement, and infrastructure investment in aviation and also shipping is shown by how well the company has done.

Taiwo Afolabi leaves a long business legacy

According to Billionaires Africa, Afolabi’s ascension is the result of years of hard work and vision. He was trained as a lawyer and worked in Nigeria’s shipping business before starting SIFAX Group in 1988. His businesses include maritime terminals, aviation handling, logistics, and infrastructure for global trade. Afolabi’s $48 million ownership in SAHCO is not only a personal milestone for him, but it also shows that Nigeria is becoming more important in the global aviation services market.