The Nigerian stock market had a year to forget in 2019 as listed stocks turned in a loss of 17 percent on average. This follows from the 17.8 percent decline recorded in 2018 and implies that the All Share Index, which tracks movement in listed stocks, has lost 35 percent in just two years. The [...]
Shareholders of Chams Plc have approved the payment of N141.8m as dividends for the 2018 financial year. The approval was given at the company’s 35th Annual General Meeting in Lagos on Tuesday after the company assured its shareholders of enhanced returns on their investments in the coming year. Chams recorded a profit after tax of [...]
Chams Plc is set to deploy its robust e-voting platform for this year’s election into the council of Chartered Institute of Taxation of Nigeria (CITN). Besides, Chams, renowned for its comparative advantage in e-voting, has assured CITN of data security, transparency of electoral process and simplicity of use of the platform before, during and after the [...]
Chams Plc recorded significant growths in the top-line and the bottom-line in the first quarter as the identity management and electronic payment company continued its recent rebound. Key extracts of the interim report and accounts for the three-month period ended March 31, 2019 showed that turnover rose to N1.26 billion in 2019, as against N739 [...]
The Board and Management of Chams PLC and it's subsidiary companies heartily congratulates the following executives on their appointment to the position of MANAGING DIRECTOR of each subsidiary company; Mr. Dumebi Obodo - Managing Director, ChamsAccess Limited Dumebi Chidiebere Obodo is the current Managing Director of ChamsAccess Limited where he focuses on sustainable growth by [...]
The Group Managing Director/Chief Executive Officer, Chams Plc, Mr. Femi Williams, in this interview speaks on how electronic voting can be used to address electoral challenges in Nigeria. He also shares the story of the company’s recovery from loss to profitability. Goddy Egene presents the excerpts: Recently, you informed the investing public that Chams Plc’s [...]
In this interview, Femi Williams, Group Managing Director and Chief Executive Officer Chams Plc speaks to select journalists including Iheanyi Nwachukwu. Excerpts Recently, you informed the investing public that Chams Plc’s restructuring has put the company on the path of sustainable profitability. Can you shed more light on this? Through the restructuring, Chams Plc was… [...]
Chams Plc has recovered from a loss of N1.27 billion in 2017 to a profit of N380 million in 2018, as the identity management and electronic payment company started to reap from a recent restructuring. Key extracts of the audited report and accounts of Chams for the year ended December 31, 2018 showed that the [...]
Chams Plc is the country’s first information and communication technology company to be quoted on the Nigerian Stock Exchange (NSE). In this panel interview, its Group Managing Director Mr Femi Williams speaks on financial inclusion, corporate challenges, among others. Capital Market Editor, Taofik Salako was there. As the first indigenous company to evolve from computer hardware [...]
Chams, an indigenous Information and Communications Technology (ICT) company, has said that Nigeria can leverage on its identity management solution to eliminate the operational and logistics issues hampering the successful conduct of elections in Nigeria. The firm also assured its shareholders of brighter prospects, following the successful outcome of a restructuring exercise, covering business model, [...]
