The Nigerian Exchange Limited (NGX) has officially admitted 1.955 billion ordinary shares of Chams Holding Company (Chams HoldCo), valued at N1.87 per share, following a private placement. The move, effective November 17, 2025, marks a significant milestone for the fintech company as it seeks to expand its operations and raise capital.
With the listing of these additional shares, Chams HoldCo’s total issued and fully paid-up shares have increased from 4.696 billion to 6.651 billion, bringing in N3.66 billion. According to a press release from NGX, trading licence holders were notified of the new shares being listed on the daily official list, signaling confidence in the company’s growth prospects.
Chams HoldCo has revealed that the raised funds will be channeled into cross-border digital payment innovations—a sector experiencing rapid growth across Africa. By building platforms that enable seamless and secure transactions, the company aims to empower individuals, businesses, and governments while supporting regional commerce and financial inclusion.
The company also plans to invest in next-generation switching infrastructure to enhance transaction speed, reliability, and security. This initiative is expected to position Chams HoldCo as a major player in the African fintech landscape, particularly in facilitating efficient digital payments and financial services across borders.
Market analysts view the share listing as a strategic step to strengthen Chams HoldCo’s equity base while demonstrating investor confidence in the company’s long-term vision. With Nigeria’s fintech sector growing rapidly, the move highlights the importance of robust funding and technological innovation in driving sustainable financial solutions.
source: This day