NGX Admits Chams' N3.99bn Shares for Fintech Expansion

The Nigerian Exchange (NGX) has approved Chams Holdings Company Plc to issue an additional N3.99 billion worth of shares, increasing its total issued fully paid share capital. The move, scheduled for listing in December 2025, is part of a major rights issue to raise funds for digital identity and payment solutions, card plant construction, and overall business growth.

Chairman Demola Aladekomo highlighted the company's strategic positioning in Africa's fintech sector and its readiness to navigate economic challenges while pursuing new business initiatives.