Nigeria: NGX Admits Chams Holdco's N3.66bn Shares

10 December 2025
This Day (Lagos)

The Nigerian Exchange Limited (NGX) has admitted Chams Holding Company's 1,955,910,000 ordinary shares of 50 kobo each at N1.87 per share offered through private placement.

The listing, effective November 17, 2025, increases the company's total issued and fully paid-up shares from 4.696 billion to 6.651 billion, raising N3.66 billion to support equity funding and technical operations.

A press release on the NGX, said "trading licence holders are hereby notified that additional 1.956 billion ordinary shares of 50 kobo each of Chams Holding Company were on November 17, 2025, listed on the daily official list of NGX.

"The additional shares listed on NGX arose from the Company's private placement of 1.956 billion ordinary shares of 50 kobo each at N1.87 per share. With the listing of the additional shares, the total issued and fully paid-up shares of Chams Holding Company have now increased from 4.696 billion to 6.652 billion ordinary shares of 50 Kobo each."

Chams HoldCo said, "it planned to channel funds into cross-border digital payment innovations, a critical growth area. By building robust platforms that support seamless and secure transactions across Africa, the company aims to empower individuals, businesses, and governments while fostering financial inclusion and regional commerce. "In addition, the company is preparing to implement next-generation switching infrastructure to enhance transaction speed, reliability, and security."

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