BY TEMITOPE ADEBAYO The Central Securities Clearing System (CSCS) Plc has achieved a total revenue growth of 37 per cent to N26.1 billion for the year ended December 31, 2024. In line with CSCS’s commitment to delivering long-term value to its shareholders, the board proposed a dividend of N1.76 per share, amounting to a total […]
BY MOTOLANI OSENI Central Securities Clearing System PLC (CSCS) stated that, it will be hosting the Africa and Middle East Depositories Association (AMEDA) annual conference to drive collaboration across market. The event, which will hold from April 23 to 25, 2025 in Lagos, with the theme ‘Shaping the Future: Financial Markets & Infrastructures as Catalysts […]
BY TEMITOPE ADEBAYO Central Securities Clearing System (CSCS) Plc has launched RegConnect Version 2, to enhance operational efficiency and user experience for Registrars in the Nigerian capital market. RegConnect Version 2 will go live on February 28, 2025, is a cutting-edge upgrade to its flagship web-based application RegConnect Version 1 launched in 2019, and it […]
By Motolani Oseni The Central Securities Clearing System (CSCS) Plc recorded gross earnings of N19 billion, representing a remarkable 65.2 per cent increase in its 2023 financial year when compared to the N11.5 billion it recorded in 2022. This company has also declared paying a dividend of N1.50kobo per share, translating to a total dividend […]
A committee comprising of the Securities and Exchange Commission (SEC), Nigeria Stock Exchange (NSE), Central Securities and Clearing System(CSCS), and six other organisations have been set up to work out the modalities involved in issuing Electronic Initial Public Offers (e-IPOs) in Nigeria’s financial markets. An e-IPO is an application based and browser based software that […]
A total of N11.43 billion accrued as earnings from the sales of shares to the three major players in the Nigerian equities in 2017, according to findings by business a.m. The Securities and Exchange Commission (SEC), the market regulator, the Nigerian Stock Exchange (NSE), the market platform provider and the Central Securities Clearing System (CSCS), […]
….leverages technology for process optimization, profitability The Central Securities Clearing System (CSCS) Plc unveiled its three-year strategic plan that would leverage technology for process optimization and profitability in Lagos on Tuesday. Based on its previous two-year strategic plan from 2016 to 2017, CSCS recorded some major milestones, among which are the signing of a Memorandum […]
The Central Securities Clearing System (CSCS) Plc has disclosed that 98.4 percent of shares quoted on the Nigerian Stock Exchange are now available in an electronic format in CSCS depository, leaving only 1.6 percent of share certificates still in physical certificate form. This disclosure was made recently by Mr. Joe Mekiliuwa, General Manager, Operations […]