What Computer Warehouse Group plc does

Computer Warehouse Group plc (CWG:NL) is a Nigerian-headquartered, Pan-African information and communication technology solutions company founded in 1992 by Austin Okere and listed on the Nigerian Stock Exchange since November 2013. CWG delivers a broad portfolio spanning communications and network integration (via subsidiary DCC Networks), hardware and IT infrastructure supply, managed and support services, cloud (IaaS/PaaS/SaaS) and colocation, software development, professional training (CWG Academy), e-government platforms, smart utility metering, and ATM lifecycle management. The company's primary customer segments are financial institutions (serving an estimated 60% of Nigerian banks, with 4,000 ATMs installed and 2,500+ managed across West Africa processing 11.6 million daily transactions), telecommunications operators (50% of Nigerian mobile calls routed through CWG-managed infrastructure, 40% telecom managed services share), public sector, and — via the 2022-launched Fifthlab subsidiary — microfinance banks, cooperatives, and SMEs through proprietary products (BillsNPay, FinEdge, KuleanPay, UCP, SMERP).

CWG makes money through a blended model: one-time hardware and infrastructure sales, multi-year managed services contracts under SLAs (the largest recurring layer), subscription/pay-as-you-go cloud and colocation, professional services for custom software and Finacle core banking implementations, contract-based ATM management, and a smaller training revenue stream from CWG Academy. Distribution is enterprise field sales augmented by Tier-1 OEM channels (Oracle, Cisco, IBM, Microsoft, VMware, Dell EMC) and consulting partners (Gartner, PwC), with thought-leadership events such as Texcellence and the Digital Banking Summit supporting pipeline generation. The company operates regional hubs in Lagos (HQ), Accra (Ghana, 2003), Kampala (Uganda, 2010), and Douala (Cameroon, 2012), with claimed operational reach across 26+ countries and direct presence in ~17.

FY 2025 results disclosed revenue of ₦65.66 billion (up 42% year-over-year), profit before tax of ₦8.01 billion (up 81%), and profit after tax in the ₦4.97–5.61 billion range. The share price re-rated from a 2022 low of ₦1.01 to ₦23.00 by June 2026. Recent compliance milestones — SOC 2 Type II, NDPC audit compliance, and FIRS Systems Integrator certification (all 2025) — are positioned to expand the regulated workload pipeline.

Name

Computer Warehouse Group plc

Legal name

Computer Warehouse Group plc

Website

https://cwg-plc.com

Company type

Public

Founded year

1992

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Computer Warehouse Group plc is a Nigerian-listed Pan-African IT solutions company serving banks, telcos, governments, and SMEs across 26+ countries with managed services, ATM management, cloud, and proprietary fintech products (Fifthlab).

Ownership category

akta.pro rank

Product category

Enterprise IT Services

akta.pro primary industry

Core Banking & Ledger Systems (Cloud Core, Deposits, Accounts) (FSAGAAAC)

akta.pro secondary industry

Cloud-Native Application Protection Platforms (CNAPP) (HDABAHAH)

Keywords

• Enterprise IT services
• Managed IT services
• Cloud computing services
• Software development services
• IT infrastructure services

Headquarters

HQ city

Lagos

HQ country

Nigeria

HQ region

Africa

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Revenue model

1. Managed Services Revenue: Ongoing IT management and support services provided to organizations including network management, data center operations, security management, and application management. Generates recurring revenue through service level agreements.
2. Software Services and Development: Custom software development, software testing and quality assurance, software maintenance and support, and consulting services. One-time project revenue with ongoing support contracts.
3. IT Infrastructure Solutions: Hardware sales and infrastructure deployment including servers, networking equipment, storage systems, and peripherals. One-time capital expenditure revenue.
4. Cloud Services (IaaS, PaaS, SaaS): Pay-as-you-go cloud computing solutions for infrastructure, platform, and software delivery. Consumption-based recurring revenue model.
5. ATM Management Services: ATM installation, maintenance, monitoring and management services for financial institutions. Contract-based recurring revenue.
6. Training and Academy Services: Professional IT training programs through CWG Academy covering software, infrastructure, and cloud platforms.
7. Colocation Services: Data center space leasing for businesses to host IT infrastructure with power backup, cooling, and connectivity.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels9 records

Core offering

No source content was provided in the input to describe the core offering.

Product overview

CWG operates as a Pan-African technology systems solutions company offering a comprehensive portfolio of IT services organized as both standalone offerings and integrated solutions. The core product portfolio spans 13 main service categories: Airtime Vending (real-time mobile recharge), Payment Terminal Solution (electronic payment processing), Hardware Services, Managed Services, Training (CWG Academy), Software Services, IT Infrastructure, Support Hub (IT staffing and support), E-Government Solution, Colocation Service, Cloud Services (IaaS/PaaS/SaaS), Metering (smart energy management), and ATM Management. Additionally, CWG operates Fifthlab (launched 2022), a technology consulting subsidiary housing specialized products including BillsNPay (unified bill payment), SMERP (SME ERP platform), FinEdge (core banking application), UCP (cooperative platform), and KuleanPay (SME payment with escrow). The offerings serve financial services, telecommunications, government, and emerging sectors across Africa.

Differentiator

Problem solved

Functional benefit

Brands

• Fifthlab: Technology consulting firm launched in 2022, specializing in digital strategy, user experience design, software development, and data analytics. Products include BillsNPay (unified bill presentation and payment platform), SMERP (Enterprise Resource Planning platform for SMEs), FinEdge (Core Banking Application for mobile money operators and microfinance banks), UCP (Unified Cooperative Platform for cooperative societies), and KuleanPay (payment platform with escrow protection for SMEs).
• CWG Academy
• Texcellence Conference
• SMERP

Quantifiable outcome

• Revenue growth from ₦11.72 billion (2020) to ₦65.66 billion (2025)
• +7 more outcomes

Named customers29 records

Segments4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature7 records

Partnerships

22 partnerships are on record, tiered major, core and standard.

• Federal Ministry of Communications, Innovation and Digital Economy (FMCIDE)majorStrategic or Co-development Partner · 1 January 2026CWG partnered with FMCIDE to deliver Build-A-Thon 2026, a week-long program introducing secondary school students to Robotics and IoT. The initiative reached over 1,000 students across six states, demonstrating commitment to STEM education and youth development.
• GartnercoreImplementation/ SI/ Consulting Partner · 1 January 2019CWG engaged Gartner consulting services in 2019 to equip the company with insights delivered directly by experienced advisors and informed by expert-led, practitioner-sourced, and data-driven research. This partnership enhances CWG's strategic advisory capabilities.
• PWCcoreImplementation/ SI/ Consulting PartnerCWG engaged PWC as internal auditor and consultants on people and process optimization and innovation advisory, fulfilling its Africa growth organization award by the World Economic Forum. PWC provides consulting services for operational improvement.
• InfosyscoreTechnology or IntegrationInfosys is a key technology partner providing Finacle core banking software. CWG has been recognized multiple times as a top Infosys partner including Value Partner and Sales Partner of the Year awards.
• Oracle (Sun Microsystems)coreTechnology or IntegrationOracle/Sun Microsystems is a major OEM partner. CWG has won multiple awards including Best Marketing Partner, Best Systems Partner, Best Overall Partner in Sub-Saharan Africa, and Best Storage Partner of the Year.
• CiscocoreTechnology or IntegrationCisco is a key networking technology partner. DCC (CWG's communication division) achieved Cisco Gold Certified Partner status in West Africa and won Transformational Commercial Partner of the Year and Nigerian Partner of the Year awards.
• IBMcoreTechnology or IntegrationIBM is listed as an OEM partner providing enterprise technology solutions and infrastructure components for CWG's service delivery.
• MicrosoftcoreTechnology or IntegrationMicrosoft is an OEM partner providing cloud platforms, productivity solutions, and enterprise software for CWG's technology offerings.
• VMwarecoreTechnology or IntegrationVMware is a key virtualization partner. CWG has won Solution Provider of the Year (WECA) and Renewals Partner of the Year awards from VMware.
• Dell EMCcoreTechnology or IntegrationDell EMC provides enterprise hardware solutions including servers, storage, and infrastructure components. CWG is a certified Dell EMC partner.
• Wincor Nixdorf (Diebold Nixdorf)majorTechnology or IntegrationWincor Nixdorf provides ATM and payment terminal technology. CWG has received multiple awards including Best Absolute Achievement Award and Best Newcomer awards.
• Gilat Satellite & NetworksmajorTechnology or IntegrationGilat is a satellite communications partner. CWG's DCC division won Technical Excellence Award, Gold Partner Award, and Sales & Marketing Award from Gilat.
• IntelsatmajorTechnology or IntegrationIntelsat is a satellite communications partner. DCC won Company with the Highest Sustained Growth award from Intelsat.
• HitachistandardTechnology or IntegrationHitachi is listed as an OEM partner for technology solutions.
• VeritasstandardTechnology or IntegrationVeritas is listed as an OEM partner for data management and storage solutions.
• F5 NetworksstandardTechnology or IntegrationF5 Networks is listed as an OEM partner for application delivery and security solutions.
• NutanixstandardTechnology or IntegrationNutanix is listed as an OEM partner for hyper-converged infrastructure solutions.
• NewgenstandardTechnology or IntegrationNewgen is listed as an OEM partner for business process management and content services solutions.
• Check PointstandardTechnology or IntegrationCheck Point is listed as an OEM partner for cybersecurity solutions.
• NetAppstandardTechnology or IntegrationNetApp is listed as an OEM partner for data storage and management solutions.
• Red HatstandardTechnology or IntegrationRed Hat is listed as an OEM partner for open-source enterprise solutions.
• AmeyostandardTechnology or IntegrationAmeyo is listed as a technology partner for customer experience and contact center solutions.

Scale indicators23 records

Recent moves15 records

Expansion highlights6 records

Direct peers

• Liquid Intelligent Technologies: Pan-African technology group offering cloud, managed services, connectivity, and cybersecurity across West, East, and Southern Africa. Directly comparable to CWG in span of IT-services portfolio and multi-country African footprint.
• MainOne (Equinix): West African data-center, cloud, and connectivity operator (acquired by Equinix). Overlaps with CWG's colocation, cloud, and managed-services offerings for enterprise and telco customers in Nigeria and Ghana.
• Interswitch: Nigerian digital-payments and banking-infrastructure operator (Quickteller, Verve). Closest Nigerian peer to CWG across payments, switching, and banking-tech — competes for similar bank and fintech RFPs.
• MFS Africa (now Onafriq): Pan-African payments hub connecting mobile wallets and banks across 35+ countries. Comparable to CWG's cross-border payments ambition and telco/bank distribution reach, particularly through airtime-vending adjacency.
• Africa Data Centres: Pan-African carrier-neutral colocation and interconnection platform with sites in Nigeria, Ghana, Kenya, and others. Directly comparable to CWG's colocation and cloud-services infrastructure business.

Emerging players

• Raxio Group: Pan-African carrier-neutral data-center operator building Tier-III facilities across the continent. Comparable to CWG's colocation and infrastructure-services segment, particularly in Uganda, Ghana, and Nigeria adjacency.

Regional players

• IHS Towers: Independent tower and passive-infrastructure operator across Africa and Latin America. Indirectly comparable through telecom-infrastructure adjacency and West African operational footprint where CWG also delivers managed services.
• Helios Towers: Telecom-infrastructure operator in Africa and the Middle East. Overlaps with CWG in regional operational scale and shared enterprise customers (MTN-class operators) despite a tower-focused model.

Broad incumbents

• Accenture (Africa practice): Global systems integrator with a sizable African consulting and technology-services practice. Competes with CWG for large enterprise transformation RFPs across Nigerian banks and multinationals.
• IBM Africa: Global technology major with established African delivery capability across hybrid cloud, automation, and enterprise systems. Overlaps with CWG's enterprise IT-infrastructure and managed-services portfolio at the upper end of deal sizes.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/cwgafrica
• YouTubeyoutube.com/CWGAfrica
• Facebookfacebook.com/cwlgroup
• LinkedInlinkedin.com/company/cwgafrica
• Instagraminstagram.com/cwgafrica

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries7 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Computer Warehouse Group plc