CWG, an African multinational technology systems solutions company, has expansion plans which will drive its growth on rising demand.
Afolabi Sobande, CWG’s Group COO, while speaking at its 19th annual general meeting in 2024, said the company is expanding its product portfolio to capitalise on evolving market trends.
“Chams also announced plans to scale its Card Centre production facility to meet rising demand from banks.”
CWG has evolved into a comprehensive IT solutions provider offering hardware, software, communications, cloud, and managed services, as well as infrastructure deployment and training.
After going public on the Nigerian Exchange in 2013, the company expanded beyond its Lagos headquarters to open regional offices across Africa.
Originally a Dell reseller, CWG built a blue‑chip client roster that includes MTN Group, ExxonMobil, Unilever, Cadbury, Nestlé, and Shell.
“We are poised for even more significant revenue and profit growth in 2025,” A CWG spokesperson said.
“As we move into 2025, we are diversifying our offerings to more sectors, strengthening our presence in our existing markets, and expanding operations into other East African countries and the Middle East.”
Chams, a leading player in biometric identity management, boasts a diverse clientele across government and the financial sector. Its major banking clients include Keystone, First Bank, Sterling, and other financial institutions.
On the government side, it works with the Independent National Electoral Commission, Nigerian Customs Service, National Health Insurance Scheme, Nigerian Communications Commission, and Pension Fund Administrators.
Read also: CWG sees 368% profit boost in Q1 2025 amid robust revenue growth
MTN, UBA, and FBN are CWG’s top three major customers. In 2024, MTN purchase was worth N19.5 billion, UBA at N3.23 billion, and FBN at N2.35 billion.
Also, CWG’s revenue made from MTN stood at N11.98 billion in 2023, United Bank for Africa(UBA) at N1.38 billion, and First Bank of Nigeria(FBN) at N737.5 million.
CWG handles some parts of this firm’s software. CWGG’s Software Services is a comprehensive offering that provides innovative software solutions to businesses and organisations in various industries.
The services include custom software development, software testing and quality assurance, software maintenance and support, and software consulting.
Revenue from software grew to N4.42 billion for the period ended March 31, 2025, from N3.05 billion in the same period of 2024.
eTranzact, CWG, and Chams, three listed Nigerian tech firms, have recorded almost triple after-tax profit in their latest first quarter 2025 results.
The latest financial statements of Chams Plc, Computer Warehouse Group (CWG), and eTranzact International Plc revealed that their combined after-tax profit rose to N2.46 billion from N99o million in the same period of 2024, which was driven by growing IT demands on the continent.
CWG’s revenue surged 83.5 percent to N15.3 billion from N8.38 billion during the reviewed period.
IT Infrastructure services contributed the most of N6.24 billion, managed & support services and software revenue contributed N4.42 billion, while platform business contributed N242.4 million.
CWG’s profit after tax surged 368 percent to N1.48 billion from N316.1 million during the period.
