CSCS declares N5.85 billion dividend in 2020
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...