News

CSCS increases 2023 revenue to N19bn, declares N7.5bn dividend payout

DailyTimesNGR DailyTimesNGR 24 May 2024 0

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

Capital Market

CMC Meeting: SEC, NSE, CSCS others considers e-IPOs for Nigeria

Ihesiulo Grace 23 April 2018 0

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

Business

SEC, NSE, CSCS rake N11.430bn in 2017 from share sales

Ihesiulo Grace 19 February 2018 0

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), […]

Business Capital Market

CSCS unveils 3-year growth plan

Ihesiulo Grace 8 February 2018 0

….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

Business Capital Market

CSCS achieves 98.4 percent dematerialization success rate

Ihesiulo Grace 21 July 2016 0

  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 […]