By Chinwendu Obienyi
The Board and Management of Chams Holdco, quoted on the Nigerian Exchange Limited (NGX) has reiterated its commitment towards introducing new production lines for SIM cards and is looking to becoming a net exporter of its products to other African countries.
This was even as the company said through a trajectory of excellent performance, even in challenging market conditions. Only recently, the Company topped the list of quoted companies with over 600 per cent capital gain on NGX and lots more.
Its Group Managing Director, Mayowa Olaniyan, in September whilst presenting the Facts Behind its Figures to the Management of NGX and Stockbrokers, assured the investing public of brighter days ahead of Chams HoldCo.
Prompted by media enquiries at the weekend as to the company’s performance so far, Olaniyan unveiled some of the driving forces behind the company’s resilience and top notch performance.
“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”, she said.
According to her, 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.
She further stated that the company’s ability to adapt to market dynamics and pioneer innovative solutions is shaping its trajectory as a front-runner in Nigeria’s rapidly evolving tech landscape.
“Card Centre Nigeria Limited (CCNL), has been a key player in this success story. Widely recognised 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”, Olaniyan said.