Central Securities Clearing System

Central Securities Clearing System (CSCS) Plc.
FormationApril 14, 1997
LocationNigeria
Key people
Shehu Yahaya Shantali (CEO)

Central Securities Clearing System Plc. (CSCS) is a Nigerian financial market infrastructure responsible for the depository, clearing, settlement and delivery and reporting of all securities transactions in the Nigerian capital market. CSCS provides a single access point for all post-trade services, including equities, treasury bills, bonds, commodities, funds, and cash.

History

CSCS started operating in on April 14, 1997. In 2023, CSCS announced that they earned 7.284 billion naira from transaction and depository fees. CSCS was awarded Capital Market Infrastructure Developer of the Year at Business Day Banks and other Financial Institutions (BAFI) Awards in 2024.

References

  1. ↑ https://businessday.ng/news/article/shehu-yahaya-shantali-appointed-ceo-of-cscs-as-haruna-jalo-waziri-retires/
  2. ↑ Oboh (2023-08-07). "Breaking through the share index psychological level of 66,000". Vanguard. Lagos, Nigeria. Retrieved 2025-03-10.
  3. ↑ "CSCS increases automation, efficiencies with TCS BaNCS, apost trade service solution". Proshare.
  4. ↑ "CSCS Rides on Innovation, Diversification". This Day. Retrieved 2025-03-10.
  5. ↑ Ugwu, Chris (2024-06-24). "CSCS earns N7.284 billion from transaction and depository fees in 2023". Nairametrics. Retrieved 2025-03-10.
  6. ↑ "CSCS Wins Capital Market Infrastructure Developer of the Year at BAFI Awards 2024". Proshare.