CHAMS Nigeria Limited is to seek listing on the Nigerian Stock Exchange in 2008.
This was one of the fallouts of her  24th Annual General Meeting held 24th October 2007 , where it was revealed that the firm recorded a turn over of N3.079bn and a profit after .tax of N965.9m between January and June 2007.

Chams, which is Nigeria's foremost identification and payment solutions provider, will, however, precede the public listing with a private placement to raise N5bn. The Chairman of Chams, Prof. Adebayo Akinde, who presented the results for the 2006 financial year and the six months of 2007 said the firm was currently undergoing a massive re-engineering to place it among leading technology firms globally.
He stated that the firm's turnover for the year ended December 2006 was N1.095bn, with a profit of N399m as against N136million and profit after tax of N21.7m recorded in 2005. Based on the company's performance, the Chams Board of Directors proposed a dividend of 70 kobo per share. In addition, a bonus share issue of four new shares for every share held will be given to all existing shareholders on the company's register as at close of work on October 24, 2007. He said, "such shares shall rank paripasu in all respects with the existing share of the company."

Akinde and the Chief Executive Officer of Chams Nigeria Limited, Mr. Demola Aladekomo, sought and obtained approval of the members to embark on a private placement shortly. He said shareholders fund increased to N897.6m after the last private placement that it carried out in 2006.
The funds to be raised will be used to fund nationwide deployment of ChamsAccess Service terminals. ChamsAccess is a multi application terminal used for telephony, recharge voucher vending, Internet access, bill payment, advert, games.

The terminals have been accepted as a means of payment and transactions after the proof of concept done in selected locations in Lagos, Abuja, Igbinedion University in Edo state and OAU in Osun state.
In addition, Aladekomo said, the firm would also setup an electronic payment/ transaction switch in the country.