CWG Plc


CWG Plc is a Nigerian pan-African information and communications technology company headquartered in Lagos, Nigeria. Founded in 1992, CWG is listed on the Nigerian Exchange and is regarded as one of West Africa's top providers of IT infrastructure, cloud, software, and managed services.
CWG has over 4,000 ATMs and infrastructure for over 15 financial institutions.

History

Founded in 1992 by visionary entrepreneur Austin Okere, CWG Plc began as a distributor of computer equipment and technical support. The company expanded into telecommunications in 1994 with the formation of DCC Networks, and, in 1997, acquired Expert Edge Technologies, enhancing its software capacity.
Regional expansion began in 2003 with CWG Ghana, followed by offices in Uganda and Cameroon. CWG went public on the Nigerian Stock Exchange in 2013, raising ₦14 billion to fuel further expansion.
A major pivot took place with the launch of “CWG 2.0,” a strategic plan to shift from hardware sales to digital platforms, software, and managed services. The innovation hub, FifthLab, was launched in 2022 to accelerate software product development. In 2023, CWG opened its UAE office in Dubai and began expanding into Kenya and Rwanda.

Corporate Governance

CWG is governed by a diverse board, ensuring strategic oversight, transparency, and stakeholder value.
Past CEOs
; Austin Okere
; James Agada
; Adewale Adeyipo
Current Executive Team
  • Adewale Adeyipo
  • Afolabi Sobande
  • Moruf Ireti Yusuf
  • Harriet Attram Yartey
  • Peter Tumusiime
  • Tinu Adeyemi
Board of Directors
  • Phillip Obioha
  • Austin Okere
  • Abiodun Fawunmi
  • Wale Agbeyangi

Operations and Impact

CWG operates a hub-based model with regional offices in Accra, Kampala, Douala, and Dubai, with Kenyan and Rwandan expansions underway.
The company has:
  • Managed over 4,000 ATMs and provided IT infrastructure for banks in Nigeria.
  • Launched CWG Academy, training thousands in IT.
  • Established the annual Texcellence Conference as a technology thought leadership platform.

Products and Services

CWG provides solutions tailored to businesses, governments, and institutions:IT Infrastructure Solutions: Enterprise-grade deployment and mission-critical support, partnering with OEMs including Cisco, Oracle, Dell, and Microsoft.Software Development and Platforms: FifthLab delivers digital platforms such as KuleanPay, Unified Cooperative Platform, Finedge, Bulkwave, SMERP and BillsnPayManaged Services: 24/7 support, outsourced IT, infrastructure management.Cloud and Digital Transformation: Cloud hosting, cybersecurity, enterprise integration.Banking/FInTech: Core banking solutions, transaction automation, and ATM management for over 60% of Nigeria's ATMs.Smart Metering Solutions: Metering for utilities, energy analytics, and grid digitisation support.

Financial Performance

Key financial highlights :

Strategic Initiatives

FifthLab: In-house innovation hub launching banking, SME, and fintech platforms.CWG Academy: Established 2010, focuses on talent training in cloud, cybersecurity, and software, with thousands of graduates.Texcellence Conference: Pan-African annual event since 2022 convening policymakers, industry leaders, and innovators.

Awards and Recognition

  • LEADERSHIP Awards: IT Company of the Year
CWG also maintains an ISO9001-certified quality management system.

Key Milestones

  • 1992 – Company founded by Austin Okere
  • 1994 – Launch of DCC Networks; acquisition of Expert Edge
  • 2003–2012 – Expansion to Ghana, Uganda, Cameroon
  • 2009 – PE funding for expansion after financial challenges
  • 2010 – Launch of CWG Academy
  • 2013 – NSE listing, raising ₦14 bn
  • 2015–2018 – James Agada CEO, transformation period
  • 2018–Present – Adewale Adeyipo CEO, strategy-driven growth
  • 2022 – Launch of FifthLab; 30-year anniversary
  • 2023 – Dubai office launch; East Africa expansion