Oscar Onyema Archives - Inside Business Africa

Apr262021 by Joshua OlotuNo Comments

CSCS declares N5.85 billion dividend in 2020

Business

The Central Securities Clearing System (CSCS) is proposing a total dividend payout of N5.85 billion for the 2020 financial year, translating to N1.17 per share. This represents a 36 per cent increase over 86 kobo declared in the 2019 financial year. The company’s total operating income for the period stood at N12.087 billion, up from N4.612 billion achieved in the corresponding period in 2019 while revenue stood at N4.603 billion, against the previous year’s N4.588 billion. The Chairman of the company, Oscar Onyema, expressed excitement at what he described as “stellar results”. According to him, the performance defied the unprecedented challenges that characterised the 2020 financial year. He said investment in new technologies and executing far-reaching initiatives strengthe...

Operators renew call for IPOs in capital market

Capital Market

With the gradual return of bulls to the stock market, operators have renewed call for the government to develop focused strategies targeted at boosting operations of listed firms, to stimulate investments and sustain the current rally in the market. The operators, who spoke against the backdrop of an unprecedented rally witnessed in the market since the second quarter of 2020, maintained that this is the appropriate time for the government to implement policies that would help revive the primary market segment and attract new issues into the market. According to them, initial public offerings (IPOs) will boost investment interest and stock market average in terms of volume of activities and contributions to the gross domestic product (GDP), which is currently rated low when compared t...

‘NSE data creates innovative products to enhance investment decision’

Business

The Nigerian Stock Exchange (NSE) has strengthened its position in providing quality data and creating innovative products that would help investors to make informed investment decisions. Chief Executive Officer of the NSE, Oscar Onyema, made the assertion during the Market Data Workshop held by the Exchange in partnership with Infoware Limited, in Lagos, at the weekend. The workshop themed: “Handling Shocks in the Capital Market: A Quantitative Approach to risk management using Market Data,” was held virtually. Onyema, in his welcome address, spoke on the usefulness of quality market data provided by the Exchange via deployment of innovative technologies to drive market efficiency. According to him, the NSE delivered real time data using innovative technology t...