Chams HoldCo’s CEO attributes stellar performance to backward integration, others

Despite the inclement operating environment in Nigeria, Chams Holding Company Plc’s (Chams HoldCo) has topped the list of quoted companies with over 600 percent capital gain on the Nigerian Exchange Limited, NGX.

The Company’s Group Managing Director, Mrs Mayowa Olaniyan, had in September this year, presented the Facts Behind its Figures to the Management of NGX and Stockbrokers, when she assured the investing public of brighter days ahead.

Prompted by media enquiries at the weekend, Olaniyan unveiled some of the driving forces behind the Company’s resilience and topnotch performance.

She stated, “Chams Holdco’s impressive financial performance is a result of meticulous backward integration efforts. Collaborating with strategic partners, CCNL is set to introduce new production lines for SIM cards and is looking to become a net exporter of its products to other African countries.

“The company’s strategic moves, including the expansion of its card production capabilities, the successful onboarding of major players, and the groundbreaking venture into local SIM card production, stand out as key contributors to its financial surge. Chams Holdco’s ability to adapt to market dynamics and pioneer innovative solutions is undoubtedly shaping its trajectory as a frontrunner in Nigeria’s rapidly evolving tech landscape.

“Card Center Nigeria Limited (CCNL), has been a key player in this success story. Widely recognized for its production of financial cards, CCNL has strategically diversified into the local production of SIM cards for Telecoms and Internet Service Providers (ISPs) operating in Nigeria. This move aligns with Chams’ commitment to innovation and signifies a bold step towards reducing industry reliance on foreign exchange and ensuring cost-effectiveness in the production of SIM cards.”