CWG grows profit 84% on strong software and IT services sales

CWG, a Nigerian information technology services and infrastructure firm, grew its profit by 84.22% in 2025, driven by a sustained growth in software sales and IT infrastructure services, which rose by 54.05%, according to its 2025 financial results. 

CWG’s revenue rose to ₦65.66 billion ($47.83 million) in 2025, a 41.65% increase from 2024. Profit after tax hit ₦5.61 billion ($4.09 million).

Since 2024, CWG’s profit growth has been powered by its long-term partnership with Indian multinational financial company Infosys, through which it distributes the Finacle core banking application to Nigerian banks, including First Bank, GTBank, UBA, Fidelity, Stanbic IBTC, FCMB, and Wema, many of which carried out major software upgrades in 2024.

Since 2023, CWG’s profit has increased ninefold, driven by a surge in software sales, which have jumped by 450.05% over the same period. 

Software sales rose by 27.35% to ₦20.92 billion ($15.24 million) in 2025, reflecting CWG’s shift from its roots as a systems integrator selling Oracle hardware across sub-Saharan Africa to a business increasingly focused on enterprise software and services.

Beyond software, revenue from IT infrastructure services, covering equipment sales and IT support, rose 88.44%.