How Chams, eTranzact, and CWG Raked in ₦59 Billion in Six Months
Revenue growth is paramount for the success of any business, and for tech companies listed on the Nigerian Exchange (NGX), it’s directly translating into profits that are catching the eye of investors and driving up share prices. This week, we delve into the performance of three prominent Nigerian tech firms – Chams, eTranzact, and CWG – examining how they generated impressive revenues in the first half of the year.
Unpacking the Numbers: Revenue Streams and Growth Drivers
In the first six months of 2025, these three tech companies collectively generated a substantial ₦59.93 billion (approximately $39.11 million) in revenue. This represents a significant 29.17% increase compared to the ₦46.39 billion ($30.27 million) recorded in the same period of 2024. Their combined gross profit reached ₦15.95 billion, a considerable 43.49% increase from the first half of the previous year. The success stems from a combination of revenue streams, including software deals, airtime sales, and IT support services. Investor confidence is evident in the NGX performance. CWG’s stock price surged an impressive 117.45% to ₦16.20 per share. eTranzact also experienced a substantial gain of 63.85%, closing at ₦10.65, while Chams saw a 35.71% increase, reaching ₦2.85.
In conclusion, the strong financial performance of Chams, eTranzact, and CWG highlights the potential within Nigeria’s burgeoning tech sector. With robust revenue growth and increasing investor confidence, these companies are well-positioned to further capitalize on the opportunities presented by the digital transformation currently underway in Africa.
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