CSCS Deepens Market Infrastructure Investment, Declares N1.78 Dividend Amid Expansion Drive

The Central Securities Clearing System Plc (CSCS) has reaffirmed its commitment to strengthening Nigeria’s capital market infrastructure through sustained investments in technology and improved operational efficiency. The company says the move is aimed at keeping pace with fast-changing global financial trends and boosting market resilience.

Speaking at its 32nd Annual General Meeting in Lagos, CSCS Chairman Temi Popoola outlined the firm’s strategic direction, describing it as a forward-looking plan to reinforce its position as a systemically important institution in Nigeria’s financial ecosystem. He noted that the organisation is focused on long-term value creation and market expansion.

Popoola revealed that CSCS is actively expanding its product offerings across multiple asset classes and market segments. According to him, this strategy is designed to deepen capital market participation, improve liquidity, and unlock new growth opportunities for investors and stakeholders.

At the meeting, shareholders approved a dividend payout of N1.78 per share, reflecting the company’s performance and continued commitment to delivering returns. Popoola also explained that CSCS is placing strong emphasis on leveraging its data assets and post-trade services to diversify revenue streams and enhance shareholder value.

On his part, CSCS Chief Executive Officer Shehu Yahaya Shantali disclosed that the company has launched a comprehensive internal data integrity initiative to improve the accuracy and reliability of its systems. He added that a major upgrade of the firm’s core application has also been completed, positioning CSCS for greater scalability and resilience in an increasingly digital market environment.

source: The guadian