By Dipo Olowookere
One of the majority shareholders in Ikeja Hotel Plc, OMA Investments Ltd, has raised its stake in the firm to 25.89 percent.
This was confirmed by the management of the company in a statement released to the Nigerian Stock Exchange (NSE) and signed by its Compliance Officer, Olayiwola Osituwo.
It was disclosed that OMA Investments, which used to have a total of 259,004,316 shares, now has a total of 538,109,194 shares.
This followed the acquisition of 279,104,878 shares of the hospitality company from UBA Nominees Limited few days ago.
Business Post gathered that the resultant shareholdings of UBA Nominees Ltd in Ikeja Hotel Plc after the deal is now zero.
It was alleged that OMA Investments acquired the 100 percent stake of UBA Nominees Ltd at N2.05k per share on November 16, 2018.
“We recently became aware of publications in various online media outlets of the possible departure of a key investor; due to a significant purchase of 279,110,328 shares valued at N572 million which was allegedly sold at a price of N2.05.
“We confirm that on November 16, 2018, one of the company’s majority shareholders, OMA Investments Ltd, purchased 279,104,878 shares of Ikeja Hotel Plc from UBA Nominees Ltd-Trading.
“With the consummation of this transaction, OMA Investments Ltd’s total shareholdings in Ikeja Hotel Plc is now 538,109,194 shares representing 25.89 percent.
“Also, the resultant shareholdings of UBA Nominees Ltd, the selling shareholder in Ikeja Hotel Plc, now amounts to zero shares,” the statement said.
Wakanow, ValueJet to Boost Local Flight Inventory
By Modupe Gbadeyanka
A partnership aimed to boost local flight inventory has been entered into between Wakanow and ValueJet.
According to a statement from the foremost travel tech company, the deal allows Wakanow to host ValueJet’s inventory on its website and increase local flight inventory available to local travellers.
ValueJet is the latest airline to partner with Wakanow, joining its network and enabling Wakanow-connected customers to find and use bespoke solutions to support their specific travel needs and requirements.
The deal aligns with Wakanow’s aim of delivering access to all local flight inventory in real time and an all-year-round flight schedule. It also showcases its continuous commitment to the development of the domestic travel industry in Nigeria.
“As the foremost travel tech company in Nigeria and West Africa, this partnership for us is a reinforcement of our commitment to give our customers the best and to remain the number one distribution partner to our Nigerian Airlines.
“We are constantly innovating around our customers’ travel needs and partner with relevant stakeholders to ensure that our customers enjoy a robust and seamless service offering.
“Partnering with ValueJet, who share in our vision of delivering a unique travel experience at a great value to our joint customers, was certain,” the chief executive of Wakanow Nigeria, Mrs Adenike Macaulay, said.
While corroborating the CEO, the Group Chief Technology Officer of Wakanow Group, Mr Oyedeji Ojo, said, “Wakanow, as a leader in the Nigerian travel industry, has continued to bring value to air travellers through collaborations.
“We’re delighted to welcome ValueJet as a Partner, and together, we will serve our customers with great flight inventories and concentrate on creating enhanced traveller experiences across all customer touchpoints.”
On his part, the Chief Commercial Officer of Value Jet, Mr Trevor Henry, said, “We are happy to announce our strategic partnership with Wakanow, making history as the first travel company to provide ValueJet’s Live Inventory bookable in real-time, thus enabling the delivery of a seamless booking experience for Wakanow and ValueJet’s customers.”
Wakanow, Africa’s foremost travel tech agency, offers the best travel deals and experiences within the global travel industry to corporate and individual air travellers.
Normalcy Restored at Lagos Airport as Aviation Workers Suspend Strike
By Aduragbemi Omiyale
Normalcy was restored at the Murtala Mohammed International Airport (MMIA) Lagos on Monday afternoon after workers of the Nigerian Aviation Handling Company (NAHCO) Plc disrupted flight operations this morning.
The aviation workers had embarked on an indefinite strike action to ask for a better welfare package from the management of the company.
Their action left many air passengers stranded on Monday morning, with operators suspending their flights in the process.
But the industrial action was later called off by the leaders of the Air Transport Services Senior Staff Association of Nigeria (ATSSSAN) and the National Union of Air Transport Employees, which promised to enter into talks with NAHCO, with a view to resolving the matter.
The aggrieved employees of NAHCO asked the management to increase their salaries after hike air fares by 100 per cent. They claimed that the company was being insensitive to their welfare.
NAHCO Workers’ Strike Paralyses Flight Operations At Lagos Airport
By Aduragbemi Omiyale
Activities at the Murtala Mohammed International Airport (MMIA), Ikeja, Lagos, were paralysed on Monday after some employees of the Nigerian Aviation Handling Company (NAHCO) Plc embarked on an industrial action.
The NAHCO workers protested the failure of the management of the company to heed their demands, including an increase in salaries and better welfare packages.
Air passengers who were at the Lagos airport were left frustrated today due to the demonstration by the aviation workers, with a few international flights disrupted.
It was gathered that most airline operators were caught unawares as they did not have prior notice that the NAHCO staff members were planning to down tools on the first working day of the week.
This led to the abrupt suspension of flight operations by most operators this morning while efforts were being made to resolve this issue in order to reduce the losses that could arise from the action of the workers.
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