CWG has successfully migrated Heritage Bank Limited from the Finacle 10.2.09 to 10.2.25
CWG is beginning to reap the full benefits of a business transformation launched more than a decade ago, with strong growth in its IT Infrastructure Services business emerging as a major driver of its H1 2026 performance.
The company said the 142 percent growth recorded in its IT Infrastructure Services line in the first half of 2026 was the result of deliberate strategic positioning and investments made over several years, rather than a one-off windfall.
CWG’s transformation dates back to 2009, when the company embarked on a private placement ahead of its eventual listing on the Nigerian Exchange. Vetiva Capital valued the company at N6.97 billion ($50 million) at the time, while the offer was oversubscribed, with private equity firm Aureos Capital LLC taking a major stake despite the global economic recession.
The company subsequently listed on the stock exchange on November 15, 2013, at N5.48 per share, nearly twice its 2009 private placement price of N3.40, giving it a valuation of about $90 million.
