CSCS outlines plans to drive growth
The Central Securities Clearing System (CSCS) Plc yesterday outlined strategic plans to drive growth in the years ahead as shareholders of the financial infrastructure company approved payment of N8.9 billion
The Central Securities Clearing System (CSCS) Plc yesterday outlined strategic plans to drive growth in the years ahead as shareholders of the financial infrastructure company approved payment of N8.9 billion for the 2025 business year.
At the annual general meeting yesterday at Civic Centre, Victoria Island, Lagos, Chairman, Central Securities Clearing System (CSCS) Plc, Mr Temi Popoola said the company would consolidate its growth and further diversify revenue by strengthening market infrastructure resilience, expanding service offerings across asset classes and unlocking value from data and post-trade services.
He said sustained reforms, macroeconomic discipline and continued market modernization would support deeper liquidity, broaden market participation and deliver long-term value.
Advertisement
300x250
He noted that despite uncertainties in the global environment driven by geopolitical risks, trade disruptions and commodity price volatility, the company remains confident in the long-term growth of Nigeria’s capital market.
He added that the company would strengthen collaboration with regulators and market participants, while advancing digital initiatives, including enhancements to its custodial and investor service platforms.
Popoola pointed out that the company achieved key milestones in 2025 including the successful transition of Nigeria’s equity settlement cycle from T+3 to T+2, as well as upgrades to its core technology infrastructure to enhance scalability and service delivery.
He said that the company recorded resilient performance during the year under review with operating profit growing to N8.71 billion.
He attributed the company’s performance to disciplined cost management and improved operational efficiency, which supported margin expansion.
Advertisement
300x250
Shareholders will receive a dividend per share of N1.78 for the 2025 business year as against N1.76 received for the 2024 business year. CSCS delivered a resilient performance in the period, with profit after tax rising to N9.90 billion from N9.48 billion in 2024, supported by steady revenue growth and improved operational efficiency.
Gross earnings grew by 10 per cent to N28.67 billion compared with N26.09 billion in the previous year. Operating income increased by 12 per cent to N24.86 billion, reflecting sustained expansion across its core service lines. Profit before tax however slipped from N13.84 billion to N13.57 billion due to higher operating and finance-related costs. Total operating income stood at N28.67 billion, driven by investment income of N3.81 billion and other income of N1.65 billion.
Operating expenses rose to N14.50 billion due to increases in personnel costs, other operating expenses and depreciation, which weighed on profitability. Shareholders’ fund rose to N43.49 billion in 2025 as against N42.40 billion recorded in 2024.
