Chams Holding Firm Plc, a Nigerian-based Data and Communications Know-how firm, has created a brand new subsidiary, ChamsCorp Plc, because it positions itself for alternatives in synthetic intelligence (AI) and information centre infrastructure, in accordance with a regulatory submitting on Monday.
The brand new firm will function in digital system manufacturing and infrastructure growth, information centre design, implementation and operations, AI infrastructure, and clever methods, amongst different technology-driven verticals.
This transfer is a strategic pivot for one in all Nigeria’s oldest indigenous expertise firms, signalling Chams’ ambition to reposition itself from a legacy funds and identification infrastructure agency right into a participant within the foundational layers of the brand new digital financial system.
By coming into AI infrastructure and information centre growth, Chams is making an attempt to maneuver up the worth chain, from transaction processing to proudly owning and enabling the compute, storage, and intelligence methods that can underpin future digital providers, enterprise platforms, and nationwide digital infrastructure.
Nigeria’s information centre market is anticipated to hit $782.82 million by 2031, in accordance with Mordor Intelligence, a world market intelligence firm.
ChamsCorp will likely be led by Olufemi Oyenuga, an data administration and information analytics specialist with expertise throughout healthcare, telecoms, ICT, and manufacturing. His appointment took impact on February 1, 2026.
Nevertheless, the corporate supplied few particulars in regards to the new enterprise’s operational technique or funding scope.
In its submitting, Chams mentioned it’s nonetheless “embarking internally on the strategic positioning of ChamsCorp Plc and can make additional disclosures as and when there are materials developments, in accordance with relevant NGX disclosure necessities.”
The price of the enterprise stays undisclosed. In August 2025, Chams introduced plans to boost ₦7.65 billion ($5.52 million), stating that the funds can be deployed into strategic initiatives aligned with its ambition to steer Africa’s digital funds and identification administration markets.
With the creation of ChamsCorp, Chams Holdings now operates 5 subsidiaries: Card Centre Nigeria Restricted, Chams Entry Restricted, Cham Swap Restricted, Chams Cellular Restricted, and ChamsCorp Plc.
Chams’ new AI and information centre focus displays an organization trying past funds and identification infrastructure to sectors more and more central to the way forward for the digital financial system.
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