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SourcesNigeria’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 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Sat. Sep 6th, 2025
Trending News: BREAKING: Over 60 Residents, Soldiers Killed In Borno Community In Boko Haram MassacreRising Insecurity: Sule Opts for Technological Warfare Food Security: Groups Train Farmers on Organic Farming, Agroecology in KanoGen. Wahab: Culture of the Environment is Pivotal in Developing Military StrategyNOSDRA Reaffirms Commitment to Transparency, Collaboration in Safeguarding Nigerian EnvironmentNorth-east: Taraba Green House Will Protect Food Security, Settle Hunger Crisis, Says ZulumAfrica’s Security Landscape Demands Dynamic Responses, Says AgwaiSokoto Provides Relief to Victims of Bandit Attacks TFN Inducts 502 Professionals, 93 School Leaders into Fellowship ProgrammeBREAKING: Gunmen Kill Eight NSCDC Personnel, Kidnap Chinese National In Edo StateExport Ban on Shea Nuts: Stakeholders Urge Customs to Effectively Police All Borders2027: There’ll Be No Reason for S’East to Vote against Tinubu, Says APC ChieftainNBA, Enugu and a Conference Like No OtherAbia Moves to Mitigate Health Hazards of Underground Water Contamination in Oil CommunityVarsity Don Urges FG to Review Transport Policy, Reduces Carnage on HighwaysSokoto Reinforces Security Apparatus With New Vehicles, Motorcycles FAAN Urges Early Arrival as Airport Terminal Reconstruction BeginsBREAKING: 28 Persons Infected As Rare Disease Hits Adamawa, Authorities Await DiagnosisTambuwal: Tinubu, APC Destabilising Opposition Parties, Warns Against One-party StateSilent Killer: Experts Sound the Alarm on Hypertension SurgeIndia Oil Corporation Shuns US Crude, Buys 2m Barrels from NigeriaEid El Maulud: Governors, PDP, Wike, First Lady Preach Peace, Seek Nigeria’s ProgressAdeniyi: Nigeria Rallying African Heads of Customs to Clear Trade ObstaclesWanted Sujimoto CEO Pledges to Report to EFCC, Denies AllegationDSS Files Terrorism Charges Against Ansaru Leaders Linked to Kuje Prison BreakRewane: Nigeria’s GDP Will Hit $357bn if Power Supply Moves from 4,500MW to 8,000MWNDLEA Nabs 26 Suspected Traffickers With 41,410.53kg of Illicit Drugs76 Security Personnel Killed In Benue Over Past Year –Govt OfficialEbola Outbreak Reported in DR Congo, Claims 15 LivesFG Mourns Victims of Niger Boat MishapBREAKING: Bandits Abduct Serving Councillor In Southern KadunaReligious Body Seeks Collective Fight Against Corruption in NigeriaSERAP Trains N’Delta Women on Access to JusticeHow Dapo Abiodun is Transforming Ogun With Road ConstructionInsurgency: Ndume Urges Tinubu To Prioritise N’ east in 2026 Budget Nigerian Police Inspector Accused Of Sexually Assaulting 8-Year-Old Orphan In AbujaKano Corruption Allegations: CSOs Support  EFCC, ICPCLagos Embarks on Statewide Educational Needs Assessment Project to Drive Policy ReformsKaduna Assembly Budgets N5.3Billion For Lawmakers’ Vehicles, Residences —More Than Constituency ProjectsLady, 21, Kills Father of Her Two Kids in DeltaKogi Commissioner Refutes False Debt ClaimsMartha Agba Applauds Gov Otu, Deputy for Successful Northern TourArmed Thugs Allegedly Loyal To Ex-Minister Sylva Invade Bayelsa Community Chiefs Council Meeting, Disrupt ProceedingsSulaiman-Ibrahim Charges Nigerian Women to ‘Arise, Aspire, Ascend’ at Lagos APC SummitRMRDC DG Hails Shea Nuts Ban, Insists Raw Materials Should Not Be Exported Without 30% Value AdditionBauchi Speaker Bags NIM Fellowship for Excellence in GovernanceKnight Frank Spotlights Infrastructure Growth, Market Resilience, Emerging Trends in New Report Appraising Wike: A Candid Political PrognosisDeputy Speaker Kalu, Finance Minister Resolve Indigenous Contractors Crisis With FGJonathan: Nigerian Politics is Full of Traitors, LiarsCBN Replacing Civil Servants with APC Members as LG Accounts’ Signatories, Says Osun ALGONAlausa Clarifies Donation to Teeneagle Winners, Says It’s Personal GiftPolice Summon Ex-Kaduna Gov, El-Rufai, Others for Disturbance of Public PeaceOil Sector in Frenzy after New Report Says Dangote Refinery Petrol Unit May be Out for 3 MonthsKano Corruption Allegations: CSOs Support  EFCC, ICPCAdvisory Services Firm Lauds NNPC on New AppointmentsGiorgio Armani, Iconic Italian Fashion Designer, Dies at 91Police Summon Ex-Kaduna Gov, El-Rufai, Others for Disturbance of Public PeaceBREAKING: Nigerian Police Order Nationwide Submission Of Officers’ PhD And Academic RecordsBREAKING: Kaduna Police Summon Ex-Governor El-Rufai, 7 Other ADC Leaders For QuestioningNigeria Gets Hosting Rights for 2027 Intra-Africa TradeC’ River Gov’s Aide Felicitates Shettima At 59, Describes Him As a Torchbearer of HopeINEC: Letters of Intent for Registration of Political Parties Hit 171Tight Security at Kano EFCC Office as CSOs Stage Peaceful Protest over Corruption AllegationsBREAKING: Two Police Officers Killed As Gunmen Attack Checkpoint At Abia-Rivers BoundaryTosin Obembe Honoured With 2025 ’40 Under 40′ AwardJunketing Tinubu Jets Out Of Abuja For 10-Day Annual Leave In France, UKObasanjo Lauds Oramah As Intra-African Trade Begins in AlgiersTinubu Begins 10-day Working Leave In Europe EXCLUSIVE: Ebonyi Works Ministry Awards N3.3Billion Road Contract To Firm Owned By Own Permanent Secretary, Nkwuda MondayBREAKING: Police Seal ADC Party Office In Kaduna Ahead Of Northwest Leaders’ VisitAgain, NAHCO Launches, Deploys Multi-million Dollar Equipment to Boost OperationsNwuche:  Regional Commissions Will Accelerate Nigeria’s Development EXCLUSIVE: Usmanu Danfodiyo University Students Accuse Management Of Manipulating School Portals To Embezzle NELFUND Loan RefundsBREAKING: Federal High Court Judge Liman Again Refuses To Hear Sowore’s Passport Release CaseAgain, Gunmen Abduct Monarch in Kogi StateNELFUND Blames Institutions’ Slow Verification for Student Loan DelaysExpert Advocates Adoption of Practical Governance for Safe, Competitive AINASENI Unveils N250m Innovate Naija Challenge for Young  InnovatorsTelcos  Urged to Guide against Mast Collapse, Noise Pollution  in OsunOrigin Tech Chair Urges Nigerians to Key into Tinubu’s  Agric Sector VisionPolice to Announce New Spokesperson as Adejobi is Redeployed to DeltaPricePally, GSMA Climate Project Slash Post-Harvest LossesEXCLUSIVE: Kwara Governor AbdulRazaq Buys N400Million Property, Demolishes It To Build Retirement Home Amid Rising Insecurity –Govt SourcesNigeria’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 Front
Sat. Sep 6th, 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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