Nigeria’s Central Securities Clearing System Plc (CSCS) has assured its shareholders of higher returns, following the approval of an N8.9 billion dividend at its 32nd Annual General Meeting in Lagos.
- +CSCS promises stronger dividends after N8.9 billion payout approval
Giving his assurance, the Chairman of the CSCS Board of Directors, Mr.
Giving his assurance, the Chairman of the CSCS Board of Directors, Mr. Temitope Popoola, said the company remains committed to increasing shareholder returns going forward.
The modest dividend, which translates to N1.78 per share, comes amid a broader strategy to strengthen market infrastructure and align Nigeria’s capital market with global standards.
Popoola said the recent minimum capital requirements introduced by the Securities and Exchange Commission (SEC) necessitated a cautious approach to payouts for 2025.
According to Popoola, CSCS is positioned to capture emerging opportunities in an increasingly dynamic financial landscape, linking the company’s growth ambitions to macroeconomic reforms, fiscal discipline, and continued market modernization.
CSCS’s push toward T+1 follows its earlier transition to T+2 settlement, a move widely credited with improving efficiency and aligning Nigeria with global best practices.
According to him, the next phase will focus on accelerating digital transformation, enhancing system interoperability, strengthening data infrastructure, and reinforcing cyber resilience to safeguard market integrity.
The Group’s financial statement shows that revenue rose significantly to N23.21 billion, driven largely by growth in core operational income, particularly transaction and depository fees.
However, total operating income remained higher than the previous year, indicating underlying strength in the company’s core business operations. This suggests that while CSCS generated higher earnings, a larger tax burden weighed on net returns.
The SEC had issued a regulatory directive mandating capital market operators to raise minimum capital requirements across brokers, fund managers, and digital asset firms, as reported by Nairametrics.
Shorter settlement cycles are associated with improved liquidity, lower counterparty risk, and more efficient capital utilisation—factors considered critical to attracting both domestic and foreign investors.
