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Trending News: Nigeria’s Non-oil Revenue Rises 40.5% to N20.59trn in Eight MonthsTinubu Orders SGF to Issue Circular on Health Insurance in MDAsImproved Security Will Impact Positively on Cancer Control Efforts, Says Zainabu BaguduUBA, Mastercard Unveil Prepaid Card to Deepen Financial InclusionCourt Orders British Airways to Pay Nigerian Passenger N50m for Breach of ContractTo Curb Sundry Abuses, FCCPC Issues Regulations on Online, Digital Lending PracticesNigeria, Poland Deepen Trade Ties with Inaugural Economic Forum in LagosT2 Seals Another Mega Deal with Knot Solutions to Drive End-to-End Digital TransformationOoni Global Celebration: Ife Monarch to Mark 10 Years of Reign with Pan- African FestivalAt PIC Summit, Alausa, Sulaiman-Ibrahim, Others Push for Removal of Barriers to Gender InclusionEstablishment of Flight Data Centre Commitment to Aviation Safety, Says NCAA BossEU, International IDEA Launch Project to Strengthen Civil Society in NigeriaATCIS Nigeria Kicks against 100% Hike in Passport FeeUs Mission in Nigeria Commends Akin Fadeyi FoundationFrom Revenue Leaks to Revenue Peaks: Commercial Levers That Drive Bottom Line Improvements Toluwaleke AdenmosunAfrican Security: Nigeria Leads from the FrontLagos State Domestic, Sexual Violence Agency Records 8,692 Cases in One YearNigerian Army Recovers 158 Cattle, Records Terrorist Surrender in Nationwide OperationsFans to Pay N3,000 & N1,000 to See Eagles, Amavubi ClashAwolowo House Pulled Down for New Technology MallAdekunle Awolaja: I Want a Sustainable AfRES With Physical Base in NigeriaJulius Berger Wins Award of Excellence in CCESSA Delegate Conference Tinubu’s Investment Drive: Bold Gains, But One Lingering Case Could Derail Investor ConfidenceOlawepo-Hashim: Zoning of 2027 Presidential Ticket to South By PDP Can’t Stand Test of TimeEXCLUSIVE: Inspector-General Egbetokun Removes AIG Fayoade From Zone 2 Lagos To Stop His Planned Emergence As Next Police BossPro-Tinubu’s Protesters Storm  NNPCL Headquarters Tinubu Directs SGF To Issue Service-wide Circular On Health Insurance Implementation Across MDAs BREAKING: Lagos Command PRO, Benjamin Hundeyin To Replace Muyiwa Adejobi As Nigerian Police SpokesmanTrain Derailment: Preliminary Investigation Reports To Be Release In 23 Days, Says NSIBBillionaire Funeral Undertaker, Apams, Honoured in EnuguBREAKING: Abuja Court Denies Bail To Eight-Month-Old Baby, Mother Held Since March In Suleja Prison On ‘Orders From Above’JDPI, NUJ Demand Quality, Responsive Representation from National Assembly MembersTinubu: Our Govt’s Bold Economic Reforms Already Yielding Fruitful Results INEC: We’ll Continue to  Deepen Collaboration with NIMCGITEX 2025: Let’s Use AI, Fintech, Others to Grow Economy, Says Sanwo-OluBadaru: Terrorism Exploits Porous Borders, Socio-economic Disparities to Wreak Havoc in W/Africa, Sahel FG Tasks Information Commissioners on Partnership with ICPC to Fight CorruptionBREAKING: Controversial Nigerian Police Spokesman Muyiwa Adejobi Removed From Office, Transferred To Delta CommandIFC: Africa Holds Demographic Competitive Advantage for Digital Economy ExpansionNDDC Created to Facilitate Dev’t in N’ Delta, Not Frivolous Spending, Says Youth LeaderSowore Condemns Taraba Governor Kefas Over “Fake Promises”, Decaying Schools, Deadly Roads As Residents Groan‘Nigeria Stands at Defining Moment’Nwifuru Disappointed as Nominee Rejects  Ebonyi Economic Team JobTechnical Education Key to Industrial Revolution, Says Kogi Poly RectorPlateau Proposes N2bn to Drive Youth, Entrepreneurship TrainingTinubu in Brazil: Fresh MoUs Stir Optimism Amid Skepticism.FG Declares Friday Public Holiday to Mark Eid-Ul-MawlidECOBA  Lagos Education Foundation  Celebrates Outstanding StudentsBREAKING: Nigerian Secret Police DSS Abducts NYSC Member Oyinyechi In Ebonyi, Transfers Her To Unknown Location2027: The Buhari Organisation Backs Tinubu, Declares LoyaltyWike’s Team Moves to Wreck PDP Convention, Lists Conditions; Governors Threaten ShowdownBPE to List Genco, Two DisCos on Stock Market through IPOCustoms Service Board Approves Appointment of 4 DCGs, 12 ACGs, Promotes 3,312 Senior OfficersBayelsa Seeks Stake in $3.5 Billion Brass Fertiliser, Petrochemical ProjectCrude Oil Refiners to Brainstorm on Africa’s Refining Agenda at 2025 SummitAbba Bello: NEXIM Bank Has Disbursed N420 Billion Concessionary Loans to Non-oil Exporters, Created 12,000 JobsTinubu Celebrates Adesina’s Decade-long Leadership at AfDB as He Bows OutPAVE: To Counter Extremism, FG Must Prioritise Investment in DevelopmentDangote Refinery: One Year, One Refinery, A Nation TransformedTHE NEED TO TACKLE ROAD ACCIDENTSINDIA AT 79 YEARS AGE, IN A CRISISAlcaraz Books US Open S’final SpotADVENTURE IN SCHOLARSHIP AT ILE-IFEDOES WEALTH CONFER PARDONS?Kwara Welcomes Ban on Raw Shea Butter, to Open Nigeria’s Second Largest Processing FactoryZamfara Gov to speak at 5th AfSNET Investment Conference in AlgeriaTinubu Reverses Appointment in NTA, Reinstates DG, Executive Director of NewsAdeola’s Governorship Ambition and His Transformative Vision for OgunOborevwori, Sen Nwoko Commend Socio-Cultural Group for Igbo Unity CampaignOborevwori Inaugurates ICT/CBT Centre in Onicha-Olona, Says No Part of Delta Will Be Left BehindShettima: Tinubu Firmly Devoted To Security, Stability In Gulf Of Guinea Tinubu: We’ve Met Nigeria’s Revenue Target  For 2025 In AugustAA&R Investment Group Drives Nigeria’s Economic Transformation with Inclusive, Sustainable, Innovative VenturesBREAKING: Court Strikes Down Nigerian Military’s Draconian 15-Year Compulsory Service Rule, Says Soldiers Can Resign AnytimeINEC: Over 2.5m Eligible Nigerians Registered Online for CVR in Two WeeksCourtVision Holds 2025 SuperBall Youth League in LagosKwara Gov Holds Security Meeting, Lauds Operatives Amid Clearance Operation, ArrestsAllegation Of Ransom Payment Against NSA Baseless, Says Northern GroupBlasphemy: Police Yet to Arrest  Suspected Killers of Woman in NigerKano Police Apprehend 107 Criminals in One MonthDangote Cement Extends Scholarship Scheme to Kogi CommunitiesNBTS President Admonishes Political Leaders to Imbibe Fear of GodEXCLUSIVE: Emir Of Lafiagi Threatens Journalists For Constantly Reporting Terrorist Attacks In Kwara North, Warns Them To Stop ‘Embarrassing’ Governor AbdulRazaqAmerican Varsity Matriculates over 300 Students40th Anniversary: Ecobank Nigeria Launches New Edition of Super Rewards CampaignNHRC Urges  FG to Tackle Insecurity in NigeriaEXCLUSIVE: Crypto Fraudster, Jesam Michael Wields Power From Kuje Prison, Bribes Police To Detain Former Lawyer Accused Of Leaking InformationCourt: Jonathan Can Run For Presidential ElectionNigeria Hails Finland’s Conviction of Simon Ekpa on Terrorism-related CrimesTinubu: No Nigerian is Second-class Citizen, Reiterates Every Region Being Carried Along in His GovernmentTinubu Assures Colombia of Prompt Implementation of All Bilateral AgreementsKekere-Ekun Reassures on Speedy Dispensation of Financial Crime Cases21,971 Admission Seekers Jostle for 13,000 Spaces at UnilorinUBEC, DLN Distribute 47 Milliion Laptops, Tablets to Students, TeachersNUPRC Oversees Concession of First Deepwater Oil Blocks Under 2024 Licensing RoundObi: Life Expectancy in Nigeria Worse Than War-torn Ukraine, S/SudanTrain Derailment: Damaged Tracks to be Restored in 10 Days, Says FGOsun Monarch Jailed in U.S. Over $4.2m Covid-19 Loan FraudIndecent Assault: Rising Scourge Against Female DignityPolitical Parties, Primaries, and the Courts
Thu. Sep 4th, 2025

Chams HoldCo Targets N7.9bn in Hybrid Offer to Drive Expansion

Kayode Tokede

Chams Holding Company Plc, has said that it has finalised plans to raise N7.65 billion through a combination of a Rights Issue to existing shareholders and a Private Placement Offer to  to strengthen the company’s financial position, support long-term growth, and deliver greater value to stakeholders.

The signing ceremony for the hybrid offer was held at the company’s headquarters in Lagos over the weekend. Both components of the offer had previously received unanimous approval from shareholders at the last Annual General Meeting.

Under the Rights Issue, 2,348,030,000 ordinary shares of 50 kobo each will be offered to existing shareholders at N1.70 per share, on the basis of 1 new share for every 2 held as of June 16, 2025. The Rights Issue will open on Friday, August 8, 2025, and close on Friday, September 12, 2025 while the Private Placement will open on Monday, September 1, 2025, and also close on Friday, September 12, 2025.

Speaking at the event, Group Chairman, Sir Demola Aladekomo, emphasised that the capital raise is central to Chams HoldCo’s ongoing strategic transformation saying:  “This offer, comprising a Rights Issue and Private Placement, is structured not just for capital infusion, but for long-term investor confidence. 

“This capital raise supports the execution of a strategic transformation programme, enabling us to scale innovation, deepen our deepen our regional presence, and diversify revenue sources in a manner that is both profitable and defensible.”

Group Managing Director, Mayowa Olaniyan, provided further insights, stating: “ Funds from these offerings will be utilised to enhance our capital adequacy, reduce leverage and improve liquidity. The funds will boost our EMV and biometric card production to establish Chama as a leader among Africa’s certified card manufacturers, enable us to expand our digital identity, verification, and secure payment solutions into West and Central Africa “.

The post Chams HoldCo Targets N7.9bn in Hybrid Offer to Drive Expansion appeared first on THISDAYLIVE.

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