The Central Securities Clearing System (CSCS) Plc, the financial market infrastructure (FMI) arm for the Nigerian capital market, has announced a dividend of 70 kobo per share to shareholders for the year ended December 31, 2017.

The dividend, which amounts to N3.5 billion, was 233 per cent higher than the N1.05 billion paid out in 2016. Shareholders of the company approved the dividend at the 24th annual general meeting (AGM) in Lagos yesterday and commended the board and management for the improved performance.

Speaking on the 2017 financial results, chairman of CSCS Plc, Mr. Oscar Onyema, said despite the headwinds at the beginning of 2017, CSCS emerged with a strong performance for the year across all metrics.


According to him, at the end of the year, profit-before tax stood at N5.6 billion, from N3.72 billion in 2016, while profit after tax rose from N3.5 billion to N4.9 billion. Total assets stood at N32 billion compared with N27 billion in 2016.

“We attribute our performance to better economic macro story, the Investors’ and Exporters’ FX Window, our sound corporate governance model, focus on implementing strategic initiatives, skilled workforce and technology,” he said.

Onyema said in order to ensure competitiveness in the capital market and remain the foremost Central Securities Depository (CSD) in Africa, the company made significant investment in infrastructure by changing its core CSD platform, the Equator, to a more technologically advanced and state-of-the-art CSD platform, the TCS BaNCS .

Also speaking, the Managing Director/Chief Executive Officer, CSCS Plc, Mr. Haruna Jalo-Waziri, said though 2017 was considered the year of hope, CSCS adapted very quickly to ensure attainment of decent financial results and other achievements in the course of the year.

“CSCS had a profit before tax budget of N3.86 billion but surpassed this target to finish the year with a profit before tax of N5.66billion (a 46.63 favourable variance). This was driven by the confidence which returned to the capital market. Hence, actual earnings from our depository, clearing and settlement services, which constituted 49.63 (2016: 42.48 per cent) of our total revenue increased by 64.49 per cent in the current year.”

According to him, working with the Securities and Exchange Commission (SEC) and registrars of companies, CSCS successfully achieved 100 per cent dematerialisation of securities of quoted companies.

“The importance of this achievement is that it brings into effect the existence of a unified and comprehensive record of issued shares and the aforementioned companies’ shareholders. As is applicable in other markets, this puts CSCS in the position of bona fide Custodian of the golden record of securities and a sub registry for all quoted companies” Mr. Jalo-Waziri added.

http://www.akelicious.net/2018/05/cscs-records-n49bn-profit-pays-70-kobo.html

FTC
no big deal.

Ayam not understanding. Do you mean 70kobo!


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70 Kobo

Interesting lie
233% increase in a year. I do not understand. Nigeria was declared to be in recession in 2016 and 2017. And in these years a company gained 233% than the previous years that we were not in recession. That is unclear to me o. How come?? During this period we heard that our government was pumping millions of dollars into the economy and that would definitely choke our naira. So how come a company gained 233% during this period when their gain would have come from investors patronizing the naira? During a period when 50% of small-scale investors closed up their businesses. during a time when naira was crashing and sinking like titanic.

they said that their success came from their performance to better economic macro story, the Investors’ and Exporters’ FX Window, our sound corporate governance model, focus on implementing strategic initiatives, skilled workforce and technology,”.
This is strange to me. Are they adding up the cash that monkey and snake swallowed to make up the financial growth? nothing ceases to surprise me anymore.

even dangote and all our billionaires have been falling down the forbes ranking loosing billions of dollars. and these people are growing 233%.

Hmm. I don't understand this Buhari government and the mix of good and bad news comicoming from it

ok

ALCOHOLKILLS:
70 Kobo

70 Kobo per share, for instance if you own 2m of CSCS shares, you will be paid 70 Kobe x 2m

Not even #1

Happy birthday to me.

Lol...I think you need to understand one fact, in a recession, some companies based on the services they offer makes more money than when not in recession. Please go through the services they offer then you can understand why the profit comes.

kolawoleibukun2:
Interesting lie
233% increase in a year. I do not understand. Nigeria was declared to be in recession in 2016 and 2017. And in these years a company gained 233% than the previous years that we were not in recession. That is unclear to me o. How come?? During this period we heard that our government was pumping millions of dollars into the economy and that would definitely choke our naira. So how come a company gained 233% during this period when their gain would have come from investors patronizing the naira? During a period when 50% of small-scale investors closed up their businesses. during a time when naira was crashing and sinking like titanic.

they said that their success came from their performance to better economic macro story, the Investors’ and Exporters’ FX Window, our sound corporate governance model, focus on implementing strategic initiatives, skilled workforce and technology,”.
This is strange to me. Are they adding up the cash that monkey and snake swallowed to make up the financial growth? nothing ceases to surprise me anymore.

even dangote and all our billionaires have been falling down the forbes ranking loosing billions of dollars. and these people are growing 233%.

I quoted the services as they mentioned in my comment. they said that their success came from their performance to better economic macro story, the Investors’ and Exporters’ FX Window, our sound corporate governance model, focus on implementing strategic initiatives, skilled workforce and technology,”.

Please for the sake of supposedly non-expats like me, explain how the above services could have gained 233% increase in one year during the recession.

Just be honest we are all Nigerians.

pee777:
Lol...I think you need to understand one fact, in a recession, some companies based on the services they offer makes more money than when not in recession. Please go through the services they offer then you can understand why the profit comes.

kolawoleibukun2:
Interesting lie
233% increase in a year. I do not understand. Nigeria was declared to be in recession in 2016 and 2017. And in these years a company gained 233% than the previous years that we were not in recession. That is unclear to me o. How come?? During this period we heard that our government was pumping millions of dollars into the economy and that would definitely choke our naira. So how come a company gained 233% during this period when their gain would have come from investors patronizing the naira? During a period when 50% of small-scale investors closed up their businesses. during a time when naira was crashing and sinking like titanic.

they said that their success came from their performance to better economic macro story, the Investors’ and Exporters’ FX Window, our sound corporate governance model, focus on implementing strategic initiatives, skilled workforce and technology,”.
This is strange to me. Are they adding up the cash that monkey and snake swallowed to make up the financial growth? nothing ceases to surprise me anymore.

even dangote and all our billionaires have been falling down the forbes ranking loosing billions of dollars. and these people are growing 233%.

The best time to invest is when an economy is a in recession. This is the period when prices of assets are trading at rock bottom prices. A good example is stock prices in 2017 compared to now especially for companies with strong fundementals.

While we were all blaming buhari and APC for the recession which was largely driven by fall in oil prices linked to increased production of shale oil in the US and glut in the crude oil market, foreign investors with cheap dollars were busy buying assets at rock bottom prices and CSCS cleared alot of these transactions so their supendpous increase in top line revenue despite the recession is very much in place.

Accordign to IMF Nigeria’s economy is still exiting a painful recession as of March 2018, but policy implementation needs to move quickly and comprehensively to facilitate economic recovery and help the country reap its longer-term potential, says the IMF in its latest economic health check of sub-Saharan Africa’s largest economy.

Growth in Nigeria recovered to 0.8 percent in 2017 after a historic collapse in oil prices—exacerbated by falling oil production and inadequate policies—took a major toll on the economy (chart). The recent rise in oil prices is supporting the recovery, but more needs to be done to reduce unemployment and address poverty.

Please tell me how prices of assets will hit the rock in 2017 during the recession when about 50% of companies closed up and investors pulled out and still during the same recession bounce to the top while the entire country only recovered at 0.8% only. What economic theory is that? What economic lie can you tell me to prove 233% increase of a company depending on 0.8% national growth.
oga! take am small small abeg. I no that you are a pundit but we need to pound it together.

We blame Buhari becos he is our president. Obama came to power when the US economy was crashing. he bailed out companies and regained americans dominance in the world market.

Buhari is the president who said that he would fix it. many other countries thrived under the fall of oil price. we are not the only country depending on oil. why were we the only country to fall and collapse in recession?

let us give u the benefit of the doubt. the oil prices have gone up to $80 per barrel and are we still making such lame excuses? other economies have bounced back and moving on. Are we still blaming the fall of oil price?

during goodluck it went from 59 to 62 then briefly picked above 100 but not for long. only in June 2014. Oil price has been how it is today. and it is still peaking now that this government is in power. but since it peaked what has been the achievements?

deenee:



The best time to invest is when an economy is a in recession. This is the period when prices of assets are trading at rock bottom prices. A good example is stock prices in 2017 compared to now especially for companies with strong fundementals.

While we were all blaming buhari and APC for the recession which was largely driven by fall in oil prices linked to increased production of shale oil in the US and glut in the crude oil market, foreign investors with cheap dollars were busy buying assets at rock bottom prices and CSCS cleared alot of these transactions so their supendpous increase in top line revenue despite the recession is very much in place.

kolawoleibukun2:
Accordign to IMF Nigeria’s economy is still exiting a painful recession as of March 2018, but policy implementation needs to move quickly and comprehensively to facilitate economic recovery and help the country reap its longer-term potential, says the IMF in its latest economic health check of sub-Saharan Africa’s largest economy.

Growth in Nigeria recovered to 0.8 percent in 2017 after a historic collapse in oil prices—exacerbated by falling oil production and inadequate policies—took a major toll on the economy (chart). The recent rise in oil prices is supporting the recovery, but more needs to be done to reduce unemployment and address poverty.

Please tell me how prices of assets will hit the rock in 2017 during the recession when about 50% of companies closed up and investors pulled out and still during the same recession bounce to the top while the entire country only recovered at 0.8% only. What economic theory is that? What economic lie can you tell me to prove 233% increase of a company depending on 0.8% national growth.
oga! take am small small abeg. I no that you are a pundit but we need to pound it together.

We blame Buhari becos he is our president. Obama came to power when the US economy was crashing. he bailed out companies and regained americans dominance in the world market.

Buhari is the president who said that he would fix it. many other countries thrived under the fall of oil price. we are not the only country depending on oil. why were we the only country to fall and collapse in recession?

let us give u the benefit of the doubt. the oil prices have gone up to $80 per barrel and are we still making such lame excuses? other economies have bounced back and moving on. Are we still blaming the fall of oil price?

during goodluck it went from 59 to 62 then briefly picked above 100 but not for long. only in June 2014. Oil price has been how it is today. and it is still peaking now that this government is in power. but since it peaked what has been the achievements?

You need decongest your mind from this whole we must blame our president for the situation of things in the country.

Secondly don't compare america and nigeria.it is like mixing apples and oranges. US is a developed nation Naija is an emerging one so Marco economoc features will differ whether in a recession or boom period.

Thirdly Naija is import dependent and most companies prefer to import repack and sell. Yes alot of businesses closed down esp those that depend on dollar for importation.

However those that source local are doing well. Even big coys like .NB Nestle etc are sourcing locally. Never believe the IMF mumbo jumbo charade. As usual all thier forecasts are never accurate and it's clear that they are pursuing an imperialist agenda.

How about other underdeveloping countries depending on oil? Nigeria is no the only developing country depending on oil for survival. Why was Nigeria the only one to experience recession? If I cannot compare Nigeria to the US, then you cannot compare Nigeria to Ghana. A country without oil but 1 Cedi is almost 80 naira. Electricity is almost constant and the crime rate is very low.

Nigeria went into recession but Benin republic whose economy depended on our economy did not. Hahahaha what a dry joke! If Businesses closed up, it surely would have seriously affected their economy because they survive with the taxes that those closed companies pay for importation.

IMF is very resourceful bro. As a matter of fact, there is no reliable website or research library in the whole of Nigeria. When Abacha died, it was a foreign news agency that informed the local news agency. I do not believe anything from Nigerian government because they are all lies and full of questionable clauses.

Before you discount IMF report, provide a website that belongs to Nigeria where we can go to research and source for updated and useful information. E no day. So, where do you get your own information? Hearsay and bloggers.

deenee:

You need decongest your mind from this whole we must blame our president for the situation of things in the country.

Secondly don't compare america and nigeria.it is like mixing apples and oranges. US is a developed nation Naija is an emerging one so Marco economoc features will differ whether in a recession or boom period.

Thirdly Naija is import dependent and most companies prefer to import repack and sell. Yes alot of businesses closed down esp those that depend on dollar for importation.

However those that source local are doing well. Even big coys like .NB Nestle etc are sourcing locally. Never believe the IMF mumbo jumbo charade. As usual all thier forecasts are never accurate and it's clear that they are pursuing an imperialist agenda.

The unique thing about recession is that it put everybody on the spot..... Recession will always be good for some companies while for some it will be bad.

kolawoleibukun2:
Interesting lie
233% increase in a year. I do not understand. Nigeria was declared to be in recession in 2016 and 2017. And in these years a company gained 233% than the previous years that we were not in recession. That is unclear to me o. How come?? During this period we heard that our government was pumping millions of dollars into the economy and that would definitely choke our naira. So how come a company gained 233% during this period when their gain would have come from investors patronizing the naira? During a period when 50% of small-scale investors closed up their businesses. during a time when naira was crashing and sinking like titanic.

they said that their success came from their performance to better economic macro story, the Investors’ and Exporters’ FX Window, our sound corporate governance model, focus on implementing strategic initiatives, skilled workforce and technology,”.
This is strange to me. Are they adding up the cash that monkey and snake swallowed to make up the financial growth? nothing ceases to surprise me anymore.

even dangote and all our billionaires have been falling down the forbes ranking loosing billions of dollars. and these people are growing 233%.

I agree. My question is, how can a company achieve 233% increase in a country that only met 0.8% increase as of March this year in an economy that about 50% of the investors are stalled or have pulled out?
They can only make that cash from oil company which is impossible because oil price drop to less than $40 or from the foreign trade which is not possible because investor make the naira grow and the FG has been pumping dollars in to our economy which weakens the Naira because all those cash pumped in were returned to foreign accounts through importation.

I just need an explanation because this economic theory is a new invention. It does not put together at all

emmy5050:

The unique thing about recession is that it put everybody on the spot..... Recession will always be good for some companies while for some it will be bad.

Bulk of their 233% increase is as a result of more people subscribing to their useless platform to manage shares of other companies. Aside from this they don't offer any other meaningful service

Imagine during the recession when more people were buying shares, these guys were making money from those deals. The more the shares you buy or the more the share holders, the more money they make.

kolawoleibukun2:
I agree. My question is, how can a company achieve 233% increase in a country that only met 0.8% increase as of March this year in an economy that about 50% of the investors are stalled or have pulled out?
They can only make that cash from oil company which is impossible because oil price drop to less than $40 or from the foreign trade which is not possible because investor make the naira grow and the FG has been pumping dollars in to our economy which weakens the Naira because all those cash pumped in were returned to foreign accounts through importation.

I just need an explanation because this economic theory is a new invention. It does not put together at all

LOL you try but still it does not justify it because they said that at the end of the year, profit-before tax stood at N5.6 billion, from N3.72 billion in 2016, while profit after tax rose from N3.5 billion to N4.9 billion. Total assets stood at N32 billion compared with N27 billion in 2016.

profit on moved from N3.5b to N4.9b and asset rose from N32B to N27B. So how come the 233% increase? heheheehehehehe.

They need a new math accounting formula to prove this. The only way out is to tell us that they are the snake and Monkey that swallowed our money.

bigtt76:
Bulk of their 233% increase is as a result of more people subscribing to their useless platform to manage shares of other companies. Aside from this they don't offer any other meaningful service

Imagine during the recession when more people were buying shares, these guys were making money from those deals. The more the shares you buy or the more the share holders, the more money they make.

EstatesinLagos:
70 Kobo per share, for instance if you own 2m of CSCS shares, you will be paid 70 Kobe x 2m

how much the shares originally, Mowu calculate roi and p/e ratio

kolawoleibukun2:
I agree. My question is, how can a company achieve 233% increase in a country that only met 0.8% increase as of March this year in an economy that about 50% of the investors are stalled or have pulled out?
They can only make that cash from oil company which is impossible because oil price drop to less than $40 or from the foreign trade which is not possible because investor make the naira grow and the FG has been pumping dollars in to our economy which weakens the Naira because all those cash pumped in were returned to foreign accounts through importation.

I just need an explanation because this economic theory is a new invention. It does not put together at all

70kobo out of 12 Naira is crap
also we stopped importing which forced more local production hence profit

Ok, what you quoted are the employed strategies in rendering their services i.e certificate dematerialization, bond market, share/stock settlements, provision of securities settlement and storage platform etc. Each of this services offered the company commissions from both buyers and sellers inclusive of the brokerage company. The more shares traded per day the more gains this company will make either the shares are in loss or profits as either side earn them their commission. Aside other services they offer investors e.g verification, online check of your trade or statements etc. All this are offered at a service. E.g 2 million subscribers on their website paying 1k annually u can tell the figure. This subscribers list grows irrespective of the situation of the country because they are people who owns shares being traded by brokers and the brokers pay this money from their portfolio to prevent illegal sales of shares without the customers knowledge. I guess this should be ok.

kolawoleibukun2:
I quoted the services as they mentioned in my comment. they said that their success came from their performance to better economic macro story, the Investors’ and Exporters’ FX Window, our sound corporate governance model, focus on implementing strategic initiatives, skilled workforce and technology,”.

Please for the sake of supposedly non-expats like me, explain how the above services could have gained 233% increase in one year during the recession.

Just be honest we are all Nigerians.

You tried but I am still doubting their honesty. Those figures appeared modified to attract investors to their company but they are questionable. I have never seen such theory of economics that allows an unpopular company that started 6 years ago to gain 233% above other long-existing and reputable companies in the midst of a depressed economy. It is only a scam, to be honest with you. No theory can explain how a country that lost 50% of its investment can produce a company within it that is not shaken by the depression rather it gained 233% in one year.
In a working economy, that figure calls for an investigation. An economy that was bailed by the FG by pumping foreign currency in it produced a company incorporated as a financial market infrastructure and that company grew 233 %, this growth did not reflect on the economy and this company is not listed in our stock exchange.
It is as easy as telling me that all those billions the FG claimed they pumped into the economy went into this company or all those cash swallowed by animals went into this company.
This company is run by a cartel involved in shady deals or arms deals.

pee777:
Ok, what you quoted are the employed strategies in rendering their services i.e certificate dematerialization, bond market, share/stock settlements, provision of securities settlement and storage platform etc. Each of this services offered the company commissions from both buyers and sellers inclusive of the brokerage company. The more shares traded per day the more gains this company will make either the shares are in loss or profits as either side earn them their commission. Aside other services they offer investors e.g verification, online check of your trade or statements etc. All this are offered at a service. E.g 2 million subscribers on their website paying 1k annually u can tell the figure. This subscribers list grows irrespective of the situation of the country because they are people who owns shares being traded by brokers and the brokers pay this money from their portfolio to prevent illegal sales of shares without the customers knowledge. I guess this should be ok.