CSCS Declares N1.78 Dividend as Profit Climbs on Strong Market Activity

Shareholders of the Central Securities Clearing System Plc (CSCS) have approved a total dividend payout of N8.9 billion, translating to N1.78 per share for the financial year ended December 31, 2025. The decision was ratified at the company’s 32nd Annual General Meeting held in Lagos, where investors also reviewed a year marked by steady growth despite economic headwinds.

The company recorded a resilient financial performance, with gross earnings rising to N28.67 billion, a 10 per cent increase compared to N26.09 billion in 2024. Operating income also grew by 12 per cent to N24.86 billion, driven largely by increased market activity and disciplined operational execution.

Chairman of the Board, Temi Popoola, told shareholders that the dividend reflects CSCS’s commitment to balancing immediate investor returns with long-term business expansion. He also reaffirmed that growing future dividend payouts remains a key priority for the organisation as it strengthens its position in Nigeria’s capital market infrastructure.

Further details from Managing Director Shehu Shantali showed that revenue surged significantly by 66 per cent to N23.21 billion, while operating profit rose to N8.71 billion, expanding the operating margin to 37.5 per cent from 10.7 per cent in the previous year. He credited the performance to improved risk management, operational efficiency, and a stronger balance sheet, which now stands at N43.49 billion in equity.

Looking ahead, CSCS outlined plans to deepen market infrastructure through technology upgrades, expand services across asset classes, and strengthen its post-trade data services. Shareholders also approved key board appointments and urged improved dividend communication, particularly around the N390 million in unclaimed dividends, as the company continues to position itself as a key driver of Nigeria’s capital market stability.

source: punch