CSCS is a financial market infrastructure platform and is the sole licensee for the central depository and settlement of transactions on the Nigerian Exchange Limited ("NGX"), amongst others.CSCS is a financial market infrastructure platform and is the sole licensee for the central depository and settlement of transactions on the Nigerian Exchange Limited ("NGX"), amongst others.
Daniel Adeoye, Principal and Head of Investment at Verod Capital, shared his perspective on the remarkable journey, stating, "CSCS is one of the premier clearing and settlement firms in Africa and has been spearheading many industry-leading initiatives to deepen the capital market infrastructure in Nigeria and the African region. Thanks to Verod's partnership with CSCS's shareholders and management, the company saw greater growth, balance sheet optimisation, innovation, and enhanced returns for its shareholders. We are confident CSCS will continue to build upon this success."
Verod's exit from CSCS represents a significant milestone for the firm, marking another successful investment divestment. This achievement reinforces Verod's strong position in the market and its continued ability to deliver compelling returns for its investors on the investment journey as a partner of choice.
Source: Verod