Three of Nigeria’s biggest technology firms have staged a remarkable turnaround, posting a combined after-tax profit of N9.18 billion in 2025, up from a collective loss of N2.39 billion in 2020.
The growth coincides with a 209 percent surge in revenue, reflecting a strategic pivot toward infrastructure-heavy services across SIM card manufacturing, banking software, and payments solutions.
Investor confidence has mirrored the recovery, with share prices reflecting the turnaround. Chams’ stock has risen 1,833 percent since 2020, eTranzact has climbed 1,025 percent, and CWG’s has gained 798 percent on the Nigerian Exchange.