By Ngozi Onyeakusi—–The Central Securities Clearing System’s (CSCS) total operating income has increased to N12.087 billion in 2020, up from N4.612 billion recorded in the corresponding period in 2019 while revenue stood at N4.603 billion, against the previous year’s N4.588 billion.
Consequently, 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 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 strengthened its competitiveness and resilience of the business. “CSCS emerged stronger, delivering outstanding growth in top and bottom lines and executing far-reaching initiatives that would sustainably strengthen the competitiveness and resilience of the business. The board and management are upbeat about the value-accretive prospects of CSCS. “We are enthusiastic that the progress made thus far in repositioning the business to efficiently play a more active and leading