The Titans of Tech: Nigeria’s ICT Companies on the Nigerian Exchange

Nigeria’s technology sector has grown rapidly over the last two decades, becoming a major driver of economic activity, financial innovation, and digital transformation. Yet, only a small group of Information and Communication Technology (ICT) companies are listed on the Nigerian Exchange Limited (NGX).

These publicly traded companies represent a cross-section of Nigeria’s digital economy—ranging from telecommunications giants and fintech pioneers to IT infrastructure providers and internet service innovators. Their presence on the exchange offers investors an opportunity to participate in Nigeria’s digital growth story.

Below is a detailed look at the ICT companies currently listed on NGX, their history, business focus, and role in Nigeria’s technology ecosystem.

1. Airtel Africa Plc (Ticker: AIRTELAFRI)

Date Incorporated: July 12, 2018 Date Listed: July 9, 2019

Airtel Africa Plc is one of Africa’s largest telecommunications and mobile services providers. The company operates in over a dozen African countries and serves more than 150 million customers.

Although incorporated in 2018 as part of a corporate restructuring, Airtel Africa’s roots go much deeper through its parent telecommunications brand, Bharti Airtel.

Core Business

Airtel Africa provides:

• Mobile voice services
• Mobile internet and data
• Digital services
• Mobile money financial services

Through its fintech platform Airtel Money, the company is helping expand financial inclusion across Africa.

Role in Nigeria’s Digital Economy

In Nigeria, Airtel competes strongly with MTN Nigeria Communications Plc in delivering connectivity to millions of citizens. Its investments in broadband infrastructure, 4G and 5G networks, and digital payment services have significantly expanded internet penetration across the country.

2. Briclinks Africa Plc (Ticker: BAPLC)

Date Incorporated: July 30, 2015 Date Listed: February 5, 2021

Briclinks Africa Plc is a technology and digital solutions company focused on IT infrastructure and business automation.

Core Services

The company offers:

• IT consulting
• System integration
• Enterprise software solutions
• Digital infrastructure services

Market Position

Briclinks is relatively new on the NGX and represents the emerging generation of Nigerian technology companies that focus on enterprise digital transformation.

The company works with both public and private organizations to improve operational efficiency using technology.

3. Chams Holding Company Plc (Ticker: CHAMS)

Date Incorporated: September 10, 1985

Chams Holding Company Plc is one of Nigeria’s oldest indigenous technology companies. It began as a computer services company before evolving into a diversified technology holding group.

Key Areas of Operation

Chams operates across several technology segments, including:

• Identity management solutions
• Smart card technology
• payment systems
• digital identity infrastructure

The company played a major role in Nigeria’s national identity and card technology projects.

Strategic Importance

Chams was instrumental in early electronic identity and payment systems in Nigeria and has contributed to the country’s digital transformation initiatives.

4. CWG Plc (Ticker: CWG)
Date Incorporated: September 26, 1991
CWG Plc (Computer Warehouse Group) is one of the largest IT service companies in West Africa.
Core Services
CWG specializes in:
Cloud computing
Managed IT services
software solutions
financial technology infrastructure
enterprise IT systems

Regional Presence
CWG operates not only in Nigeria but also across several African countries, helping banks, telecommunications firms, and governments deploy critical digital infrastructure.
The company has played a key role in implementing technology solutions for financial institutions, telecom operators, and large enterprises.

5. E-Tranzact International Plc (Ticker: ETRANZACT)

Date Incorporated: May 7, 2003 Date Listed: August 7, 2009

E-Tranzact International Plc is one of Nigeria’s pioneering fintech companies.

Core Services

The company provides electronic payment services such as:

• Online payment processing
• ATM and POS transaction switching
• mobile payments
• electronic fund transfer services

Fintech Pioneer
Before the explosion of fintech startups in Nigeria, E-Tranzact was already building digital payment infrastructure. The company contributed to the development of Nigeria’s electronic payment ecosystem and supports millions of financial transactions across banks and merchants.

6. Legend Internet Plc (Ticker: LEGENDINT)
Date Incorporated: August 17, 2021Date Listed: April 24, 2025
Legend Internet Plc is one of the newest technology companies listed on NGX.
Business Focus
The company focuses on:
Broadband internet services
fiber infrastructure
connectivity solutions
digital communication services

Growth Potential
As Nigeria’s demand for high-speed internet and digital services continues to grow, companies like Legend Internet are positioned to benefit from the expanding broadband market.
Its listing reflects the increasing presence of internet service providers in the capital market.

7. MTN Nigeria Communications Plc (Ticker: MTNN)

Date Incorporated: November 8, 2000 Date Listed: May 16, 2019

MTN Nigeria is the largest telecommunications company in Nigeria and one of the most valuable firms listed on NGX.

It is a subsidiary of the South African telecommunications giant MTN Group.

Core Services

MTN Nigeria provides:

• mobile voice communication
• broadband internet
• enterprise connectivity
• mobile financial services

Market Leadership

With over 70 million subscribers, MTN Nigeria plays a dominant role in Nigeria’s telecom industry. The company continues to invest heavily in 4G, 5G, and digital platforms that support fintech, streaming, and cloud services.

Its listing on NGX was one of the largest listings in Nigerian capital market history.

8. NCR (Nigeria) Plc (Ticker: NCR)

Date Incorporated: December 9, 1949

NCR (Nigeria) Plc is one of the oldest technology companies operating in the country.

It is affiliated with the global technology company NCR Corporation, known for its innovations in payment systems and automated banking technologies.

Key Business Areas

The company provides:

• ATM technology
• banking software solutions
• retail technology systems
• enterprise payment platforms

Industry Role

NCR has played an important role in Nigeria’s banking technology infrastructure, especially in the deployment and maintenance of ATMs and electronic payment terminals.

9. Omatek Ventures Plc (Ticker: OMATEK)

Date Incorporated: July 6, 1998

Omatek Ventures Plc is a Nigerian technology company that became well known for local computer manufacturing and technology solutions.

Business Focus

The company has operated in areas such as:

• computer hardware manufacturing
• IT infrastructure services
• technology training
• power and renewable technology solutions

Strategic Vision

Omatek gained national recognition for its ambition to develop indigenous computer manufacturing capacity in Nigeria, reducing dependence on imported technology products.

The Importance of ICT Companies on NGX
The listing of ICT companies on the Nigerian capital market highlights the growing importance of technology in Nigeria’s economy.
These companies contribute to:
Digital infrastructure
Financial technology innovation
Telecommunications connectivity
enterprise IT services
Internet and broadband expansion
As Nigeria continues to embrace digital transformation, more technology companies may eventually join the Nigerian Exchange, giving investors greater exposure to Africa’s fast-growing tech sector.

Although Nigeria has one of the most vibrant technology ecosystems in Africa, only a handful of ICT companies are publicly traded on the Nigerian Exchange. From telecommunications giants like MTN Nigeria and Airtel Africa to fintech innovators like E-Tranzact and infrastructure providers like CWG, these companies represent the backbone of Nigeria’s digital economy.

Their continued growth will likely shape the future of connectivity, payments, and digital services across Nigeria and the broader African continent.