CWG Plc

NGSE:CWG Stock Report

Market Cap: ₦55.5b

CWG Management

Management criteria checks 2/4

CWG's CEO is Adewale Adeyipo, appointed in Dec 2018, has a tenure of 7.58 years. directly owns 10.25% of the company’s shares, worth NGN5.69B. The average tenure of the management team and the board of directors is 7.6 years and 9.3 years respectively.

Key information

Adewale Adeyipo

Chief executive officer

n/a

Total compensation

CEO salary percentagen/a
CEO tenure7.6yrs
CEO ownership10.2%
Management average tenure7.6yrs
Board average tenure9.3yrs

Recent management updates

Recent updates

Narrative Update Jun 04

Q1 2026: Thesis Check-In

The first quarter of 2026 delivered a reality check on our original valuation assumptions. Revenue growth decelerated, margins compressed, and annualised earnings now point to ₦2.40 (previous est.
Narrative Update Jun 03

CWG Plc Reports Resilient Q1 2026 Earnings Growth Amid Strong Revenue Expansion and Working Capital Pressures

CWG Plc Reports Resilient Q1 2026 Earnings Growth Amid Strong Revenue Expansion and Working Capital Pressures Executive Summary Analyst: Qudus Adebara (Research Analyst, DLM Securities) CWG Plc delivered a strong first-quarter performance for the period ended 31 March 2026, driven by significant revenue growth across its IT infrastructure and software businesses. Group revenue increased by 27% YoY to ₦19.45 billion, while Profit After Tax (PAT) rose by 2% to ₦1.51 billion.
New Narrative Apr 22

63% Profit Growth, 6.8× Forward P/E: Inside CWG Plc's FY 2025 Numbers and What They Signal

Business Overview CWG Plc (formerly Computer Warehouse Group) is a pan-African information and communications technology (ICT) company headquartered in Lagos, Nigeria. CWG has evolved from a computer hardware distributor into one of West Africa's foremost providers of enterprise IT solutions across 26 countries.
Narrative Update Mar 26

CWG Plc Delivers Strong FY 2025 Earnings Growth Driven by Revenue Expansion and Operational Efficiency

Revaluation Analyst: Qudus Adebara (Research Analyst, DLM Securities) Executive Summary CWG Plc recorded a robust financial performance for the year ended 31 December 2025, underpinned by strong revenue growth across its IT infrastructure, software, and managed services segments, alongside improved operational efficiency. Revenue increased by 41% YoY to ₦65.56 billion, driven largely by expansion in IT infrastructure services and software solutions.

CEO

Adewale Adeyipo

7.6yrs
Tenure

Mr. Adewale Adeyipo has been Group, Managing Director and Chief Executive Officer at CWG Plc and has been its Executive Director since June 15, 2018 and also served as Acting Group, MD/CEO at CWG Plc since...


Leadership Team

NamePositionTenureCompensationOwnership
Adewale Adeyipo
Group MD7.6yrsno data10.25%
NGN 5.7b
Afolabi Sobande
COO & Executive Directorno datano datano data
Moruf Yusuf
CTO & Executive Director3.3yrsno datano data
Abisola Oshin
Head of Legal5.5yrsno datano data
Tinu Adeyemi
Group Head of Human Resources & General Services8.5yrsno datano data
Harriet Yartey
MD of Ghana & VP of Regions9.5yrsno datano data
7.6yrs
Average Tenure

Experienced Management: CWG's management team is seasoned and experienced (7.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Adewale Adeyipo
Group MD8.1yrsno data10.25%
NGN 5.7b
Afolabi Sobande
COO & Executive Directorno datano datano data
Moruf Yusuf
CTO & Executive Directorno datano datano data
Austin Okere
Non Executive Directorno datano data23.37%
NGN 13.0b
Phillip Obioha
Non-Executive Chairman21.4yrsno data17.94%
NGN 10.0b
Abiodun Fawunmi
Non Executive Director18.4yrsno data17.67%
NGN 9.8b
Olusegun Oso
Non-Executive Director9.8yrsno datano data
Wale Agbeyangi
Non-Executive Director8.8yrsno datano data
Taba Peterside
Independent Non-Executive Director4.3yrsno datano data
9.3yrs
Average Tenure

Experienced Board: CWG's board of directors are considered experienced (9.3 years average tenure).


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/06 15:13
End of Day Share Price 2026/07/06 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

CWG Plc is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.