Lagos, Nigeria – Nigeria’s Central Securities Clearing System (CSCS) Plc, the country’s main securities depository, has announced a proposed dividend of N1.78 per share for the 2025 financial year, signaling a commitment to shareholder returns despite a drop in net profit.
The company’s financial statements for the year ending December 31, 2025, revealed a mixed performance. While total revenue grew impressively by over 66 percent to N23.21 billion (approximately $16.17 million USD), driven by a surge in transaction fees, profit after tax declined by 17.1 percent to N9.90 billion. This decrease in profit was largely attributed to a nearly 94 percent increase in the company’s income tax expense for the year.
According to Okay News, the proposed dividend represents a slight increase from the previous year and demonstrates the underlying strength of the company’s core operations. The payment is subject to approval from shareholders at the upcoming Annual General Meeting scheduled for April 23, 2026, which is also the proposed date for the dividend payment.
CSCS provides essential clearing, settlement, and depository services for financial instruments traded on the Nigerian Exchange. The plan to issue a N1.78 dividend per share continues the company’s history of sustained shareholder payouts, even as it navigates a more challenging tax environment.
