Nigerian Logistics Mogul Taiwo Afolabi's Fortune Rises As Sahco Stake Nears 50 Million

Taiwo Afolabis 60.76 stake in SAHCO is now valued at 48.24 million, up from 17.92 million at the start of 2025.

SAHCOs first-half 2025 revenue surged 74 to 13.7 million, while profit jumped 155 on new partnerships and regional expansion.

The companys market cap climbed to 79.5 million, reflecting renewed investor confidence and strong performance in Nigerias aviation services sector.

Nigerian logistics mogul Taiwo Afolabi has taken another step up the ranks of the countrys wealthiest business leaders, as the value of his controlling stake in Skyway Aviation Handling Company Plc SAHCO nears the 50 million mark. Backed by the reach of his conglomerate, SIFAX Group, Afolabi has become one of the most influential names in Nigerias logistics and maritime industries. His latest gains highlight both the importance of diversification and the growing strength of the countrys aviation services sector.

Recent figures show that Afolabis 60.76 percent stake in SAHCO, 822,373,080 shares in total, is now worth N74.05 billion 48.24 million. Thats a leap of N46.54 billion 30.32 million since the start of 2025, when the holding was valued at N27.5 billion 17.92 million. The rally mirrors a sharp climb in SAHCOs share price on the Nigerian Exchange , from N33.45 0.022 on Jan. 1 to N90.05 0.059 at the time of reporting. The surge has not only cemented Afolabis standing as one of the exchanges most prominent investors but also put SAHCO in the spotlight as one of the sectors strongest performers this year.

This rise is rooted in a career built on persistence and a willingness to take risks. Trained as a lawyer at the University of Lagos, Afolabi began his professional journey at Nigerian Express Agencies Limited NEAL, where he earned a reputation as a promising young manager in shipping operations and port management. After further studies in shipping management abroad, he returned to NEAL, eventually rising to become Head of Operations. But his entrepreneurial drive soon pushed him to branch out on his own. In 1988, guided by a vision to strengthen Nigerias maritime industry, he founded SIFAX Group.