About Us

We are Nigeria’s Nigeria’s Premier Central Securities Depository (CSD) licensed to carry out the depository, clearing and settlement of all transactions in the Nigerian Capital Market

Central Securities Clearing System Plc (CSCS) is Nigeria’s premier Financial Market Infrastructure (“FMI”), responsible for the depository, clearing, settlement and timely reporting of all securities transactions in the Nigerian Capital Market. As the country’s leading FMI, CSCS processes securities electronically, ensuring safe and efficient transactions while pioneering innovative market solutions. We provide a single access point for all post-trade services, covering equities, treasury bills, bonds, commodities, funds, and cash.

With an “A+” Central Securities Depository (“CSD”) rating from Thomas Murray, CSCS is among Nigeria’s top-rated financial services firms and one of Africa’s best-rated FMIs. Additionally, we are ISO 27001 compliant owing to our adequate and proportionate security controls that help protect information assets that are within our care as we have a proper understanding of the risks involved.

For three decades, CSCS has been a willing partner working alongside its reputable business stakeholders towards redefining the structure of the Nigerian Capital Market, leveraging technology to enhance transaction efficiency and assurance in post-trade execution. Supported by the Securities and Exchange Commission (SEC) amongst other regulators, CSCS facilitated the transition of the Nigerian equity market to an automated trading system as well as the full dematerialization of share certificates in the Nigerian Market. CSCS is the leading post-trade agent for transactions on Securities Exchanges in the Nigerian Capital Market.

Our Mission

We create value by providing securities depository, clearing, settlement and other services, driven by innovative technology and a highly skilled workforce.

Our Vision

To be the globally respected and leading central securities depository in Africa.

...as a critical financial market infrastructure, the overall resilience and sustainable growth of the market is our priority, as such we consistently seek innovative solutions to empower and provide assurance to investors, issuers and the intermediary agents

Haruna Jalo Waziri

MD/CEO

Our Core Functions

Central depository for share certificates

Sub-registry for all quoted securities

Central depository for share certificates

Custodian for local and foreign instruments

Issuer of Legal Entity Identifier (LEI) code for Nigeria

Our Core Values

SECURITY

We are safety conscious in our interactions and take all necessary precautions to protect valuables entrusted in our care.

EFFICIENCY

We work smart and act responsively to meet our clients' needs in a timely and effective manner.

CONFIDENTIALITY

We handle information with strict privacy, utmost discretion and at an absolute non disclosure basis.

UPRIGHTNESS

We are honourable and honest in our dealings. We maintain integrity and high ethical standards in our operations.

RESOURCEFULNESS

We encourage ingenuity, inventiveness and creativity of our employees. This produces original and imaginative ideas for our growth and development.

EXCELLENCE

We respect and reward meritocracy, creating a work environment that fosters knowledge and skills acquisition for our employees with the aim of delivering of superior output consistently.

We are safety conscious in our interactions and take all necessary precautions to protect valuables entrusted in our care.

Our History

JULY 29, 1992

The Central Securities Clearing System (CSCS) was incorporated on July 29, 1992 as a Financial Market Infrastructure (FMI) for the Nigerian Capital Market

1992

APRIL 14, 1997

The Central Securities Clearing System (CSCS) commenced operations on April 14, 1997. The Securities and Exchange Commission issued its license to perform Depository, Clearing and Settlement Services for Exchanges in the Nigerian Capital Market.

1997

2007 & 2009

In 2007 and 2009, Central Bank of Nigeria (CBN) appointed CSCS as the clearing and settlement agent for Over The Counter (OTC) transactions in Nigerian Treasury Bills (NTBs), Commercial Papers (CPs) and Bankers Acceptances (BAs) respectively.

2007

2009