NAHCO in 2025: Strong earnings, soaring stock, but working-capital pressure looms 

The Nigerian Aviation Handling Company (NAHCO) has had a standout year on the NGX. With a market cap of N193 billion and a 115% year-to-date share price gain, the stock has easily outperformed the broader market. But the shine has not been perfect; the stock has also lost 21% in the last four weeks…