LAGOS, Nigeria — Central Securities Clearing System Plc (CSCS) has assured shareholders of stronger returns in the coming years, even as it approved a dividend of N8.9 billion for the 2025 financial year at its 32nd Annual General Meeting in Lagos on April 26, 2026.
Okay News reports that Temitope Popoola, Chairman of the CSCS Board of Directors, told shareholders that the company remains committed to increasing payouts while balancing the need to meet new regulatory capital thresholds set by the Securities and Exchange Commission (SEC) .
“Dividends have to increase under the leadership of this board… the subject of dividends is not negotiable. Shareholders must see returns for their investments,” Popoola said.
The approved dividend translates to N1.78 per share. Popoola explained that the SEC rule requiring capital market operators to raise minimum capital left the board cautious on payouts for 2025. “Part of the reasons why you didn’t see a material jump this year… is the SEC rule asking for capital levels to be raised across the industry, and it would just be prudent to be careful with how much capital you have before paying out,” he added.
CSCS Chief Executive Officer Shehu Shantali, whose appointment was ratified by shareholders, said the company is working closely with regulators to migrate from the current T+2 settlement cycle to T+1, a move expected to deepen liquidity and reduce counterparty risk. The next phase is scheduled for May 29.
“We are now working closely with regulators to move toward T+1, which will further deepen liquidity, enhance efficiency, and strengthen market security,” Shantali said.
The company’s revenue rose significantly to N23.21 billion, driven by a doubling of transaction fees amid increased market activity. Gross earnings stood at N28.67 billion, up 10 percent year-on-year. Profit before tax dipped 1.9 percent to N13.57 billion, while profit after tax fell 17.1 percent to N9.90 billion, weighed by a nearly doubled income tax expense. Total equity strengthened to N43.49 billion.
 has assured shareholders of stronger returns in the coming years, even as it approved a dividend of N8.9 billion for the 2025 financial year at its 32nd Annual General Meeting in Lagos on April 26, 2026.){kind=link}