About AMEDA

The Africa and Middle East Depositories Association (AMEDA) is a non-profit organization comprising Central Securities Depositories and Clearing Houses from Africa and the Middle East. Since its establishment in 2005, AMEDA has played a pivotal role in promoting best practices, facilitating information exchange, and enhancing the efficiency and security of financial markets within the region.

CSCS’s Role in AMEDA

As an active and committed member of AMEDA, CSCS Plc has been at the forefront of innovation and development in the capital market infrastructure. Notably, in February 2022, our Chief Executive Officer, Mr. Haruna Jalo-Waziri, was elected Vice President of AMEDA, reaffirming our dedication to regional collaboration and excellence.

What to Expect at AMEDA Conference 2025

The AMEDA Conference 2025 promises to be an insightful and impactful event featuring:

• Knowledge Sharing: Engaging discussions on emerging technologies, regulatory developments, and market trends shaping the future of financial markets.
• Networking Opportunities: A platform to connect with industry peers, policymakers, and thought leaders, fostering collaborations and strategic partnerships.
• Showcasing Innovations: Presentations and exhibitions featuring cutting-edge solutions and advancements in financial markets infrastructure.

Why Attend?

Participants will gain valuable insights into the evolving dynamics of financial markets infrastructure, explore new opportunities for growth, and contribute to shaping the future of capital markets in Africa and the Middle East.

We look forward to welcoming you to Eko Hotel and Suites, Victoria Island, Lagos, for two days of insightful discussions, networking, and knowledge exchange.

Save the Date: April 24-25, 2025!

For more information about AMEDA, please visit the official AMEDA Conference website.

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This year’s conference, themed “Cybersecurity: Synergizing AI and Infrastructure,” brought together key stakeholders from the public and private sectors, security agencies, and thought leaders in technology. The discussions highlighted the transformative impact of artificial intelligence on cybersecurity and the urgent need for robust infrastructure, regulatory frameworks, and skills development.

About the White Paper

The White paper provides comprehensive insights into the conference, including:

• Keynotes from leading industry experts and policymakers.
• Panel discussions addressing challenges in leveraging AI for cybersecurity.
• Breakout sessions covering emerging trends and strategies for critical infrastructure protection.
• Insights on the evolving cyber threat landscape and proactive measures for resilience.

The white paper also features key takeaways and recommendations for businesses and governments striving to strengthen cybersecurity frameworks in an AI-driven era.

Why This Matters

As cyber threats grow more sophisticated, understanding and collaboration are more critical than ever. This white paper captures vital strategies, innovative solutions, and the collaborative spirit necessary to navigate these challenges.

Download the White Paper

We invite you to download the full White Paper and explore the in-depth discussions and findings that emerged from the conference.

Click here to download the white paper.

We hope this white paper serves as a valuable resource for stakeholders across industries as we collectively work towards a secure and resilient digital ecosystem.

The post CSCS Cybersecurity Conference 2024 – White Paper Now Available appeared first on CSCS Plc.

What Is ISO Certification?

The International Organization for Standardization (ISO) develops globally recognized standards that ensure the quality, safety, and efficiency of products and services. Achieving ISO certification demonstrates that an organization adheres to these standards and maintains effective management systems.

At CSCS, we have taken great strides in our journey with ISO. While we were previously certified against ISO 27001:2013, this year, we raised the bar by certifying against the latest ISO/IEC 27001:2022 and ISO 22301:2019 standards. This achievement was made possible through our Integrated Management System (IMS), which harmonizes our Information Security and Business Continuity efforts to deliver on our objectives.

About the Standards

1. ISO/IEC 27001:2022 – Information Security Management
   This standard focuses on safeguarding information from threats like cyber-attacks, ensuring data privacy, and maintaining robust defenses against evolving security challenges.
2. ISO 22301:2019 – Business Continuity Management
   This standard prepares organizations to continue operations during and after disruptive incidents, ensuring resilience in the face of challenges.

What Our Certification Covers

The scope of this certification spans leadership, operations, and the maintenance of all information assets and their associated processes. By achieving this certification, CSCS reaffirms its role as a trusted, secure, and reliable partner.

The Benefits for CSCS and Our Stakeholders

• Enhanced Information Security
  With ISO/IEC 27001:2022, we have reinforced our ability to prevent data misuse and implement robust security management systems.
• Resilient Business Continuity
  ISO 22301:2019 ensures that we can maintain operations and deliver on our commitments even during disruptions.
• Increased Trust and Reliability
  This certification serves as a testament to our stakeholders—regulators, customers, and partners—that we adhere to the highest standards of security and continuity.
• Risk and Threat Mitigation
  We’ve laid a strong foundation to reduce work-related risks and environmental threats, ensuring sustainable operations.
• Customer-Centric Focus
  By meeting and exceeding industry standards, we’re better positioned to fulfill the requirements and expectations of our valued customers.

A Commitment to Excellence

Achieving ISO recertification is more than a badge of honor; it’s a demonstration of our dedication to continuous improvement. By aligning with the latest standards, we’re not just meeting today’s challenges but proactively preparing for tomorrow’s.

We’re proud of this accomplishment and look forward to leveraging these certifications to further enhance the value we deliver to our stakeholders. Thank you for your trust and support in making CSCS a secure and resilient organization.

#ISO #InformationSecurity #BusinessContinuity #CSCS

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With the theme “Cybersecurity: Synergizing AI and Infrastructure,” the conference addressed the evolving cyber threat landscape, emphasizing the integration of AI-powered solutions with resilient infrastructure to protect Nigeria’s financial system and critical assets.

The Vice President of the Federal Republic of Nigeria, Sen. Kashim Shettima delivered a keynote address. He underscored  the significance of cybersecurity as a cornerstone of economic stability and growth and “not just a technical issue. He reiterated the government’s commitment to bolstering cybersecurity initiatives and integrating AI solutions to protect national infrastructure, commending the National Security Adviser, Mallam Nuhu Ribadu mni and his team for fostering a secure digital environment that encourages investment and innovation”. He equally recognized the efforts of the leadership of CSCS particularly its CEO, Mr. Haruna Jalo-Waziri, for his “unwavering commitment to advancing the Nigerian capital market.”

In his opening remarks, the National Cybersecurity Coordinator at the ONSA, Ahmad Saad Abubakar, highlighted the dual-edged nature of AI in cybersecurity to both enhance our capacities buy also increase our vulnerabilities. He called for proactive steps to neutralize the threats before they arrive – “Our reliance on interconnected systems has increased our vulnerability to cyber threats, now amplified by AI. Adversaries no longer require deep technical expertise to launch devastating attacks. While AI empowers malicious actors, it also equips us with unparalleled capabilities to predict, detect, and neutralize threats before they manifest.”

The Director General of the Securities and Exchange Commission (SEC), the regulator of the Nigerian Capital Market, Dr. Emomotimi Agama emphasized AI’s role in capital markets:

“AI-driven systems enhance surveillance, detect fraud, and manage risks. At SEC Nigeria, we are actively exploring how AI technologies can safeguard investor interests and maintain market integrity. However, AI must be complemented by resilient infrastructure to remain effective.”

The Chairman of the Board of Directors of CSCS Plc, Temi Popoola, highlighted the importance of aligning AI and infrastructure: “A single cyberattack today can disrupt entire nations. For financial institutions like CSCS, safeguarding data means preserving trust in the financial system. We are investing in technologies such as blockchain and quantum-resistant cryptography while collaborating with AI research institutions to stay ahead of emerging threats.”

The CEO of CSCS Plc, Haruna Jalo-Waziri, stressed the urgency of robust cybersecurity measures considering the significant costs that the global economy will bear due to cybercrime. Referencing the 2024 Cybersecurity Ventures Report, he stated that “cybercrime will cost the global economy over $10.5 trillion this year, up from $3 trillion just a few years ago. This underscores the need for enhanced cybersecurity, especially with the 45% increase in ransomware attacks globally, as reported by Check Point Research.”

He further cautioned on the effect of social media in amplifying misinformation. He therefore called for the building of trusted networks and the creation of air gaps “that protect critical systems from emerging risks.”

The conference featured in-depth discussions on Nigeria’s cybersecurity landscape, including recent progress, ongoing challenges, and future strategies. Participants examined AI’s potential to enhance security, manage risks, and mitigate vulnerabilities introduced by the proliferation of connected devices.

The event concluded with a call to action for greater collaboration between public and private sectors, emphasizing the need to develop human capital equipped with AI-driven tools and expertise to navigate an increasingly complex cyber environment.

About CSCS  

The Central Securities Clearing System (CSCS) is a Public Limited Company, with a diversified shareholder base, including the Nigerian Exchange Group, some of the largest banks in Nigeria, private equity firms, other corporate and individual shareholders. With over two decades of operation, serving as the Central Securities Depository for the Nigerian Capital Market, CSCS has been pivotal to the growth and transformation of the capital market, including its audacious full dematerialization of share certificates and the shortening of settlement cycle in the capital market.

CSCS serves as the Central Depository for Equities, Commercial Papers, Corporate Bonds, Sub-National Bonds, certain Sovereign Bonds (such as FGN Sukuk and FGN Savings Bond), Equity-traded Funds, Real estate Investment Trusts, Mutual funds and Commodities. CSCS is licensed and regulated by the Securities and Exchange Commission (SEC). The activities of CSCS are governed by the Investment and Securities Act 2007, the Companies and Allied Matters Act 2004, and the SEC Rules.

Leveraging on digital technologies, CSCS serves the market through varying channels, including its web portal; www.cscs.ng; online and mobile applications, web chatbot and, customer service call centre; 070 CALL CSCS – 070022552727 or 01 448 0500 amongst others.

CONTACT: corpcomms@cscs.ng

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The BAFI Awards serve as a benchmark of excellence within Nigeria’s financial services sector, recognizing organizations, teams, and individuals who demonstrate unparalleled commitment to delivering quality financial services across diverse client segments.

Haruna Jalo-Waziri, MD/CEO of CSCS Plc, noted that this award is a testimony of CSCS’s outstanding performance in the development of Nigeria’s capital market. “This award highlights our unwavering commitment to driving innovation and resilience in Nigeria’s capital market infrastructure. At CSCS, we believe in the power of collaboration and forward-thinking solutions to meet the evolving needs of our stakeholders and enhance the integrity of our market.”

Mr Jalo-Waziri added “Our journey toward excellence is guided by our visionary board, driven by a team of dedicated professionals, and supported by loyal customers and stakeholders. This award is for them, as their unwavering support makes our achievements possible.”

Onome Komolafe, Divisional Head, Business Services & Client Experience at CSCS who received the award on behalf of the company stated “CSCS’s role as a pillar in Nigeria’s financial ecosystem reflects our dedication to enhancing capital market services. This award fuels our determination to continuously elevate client experience and solidify our position as a trusted infrastructure provider.”

CSCS’s commitment to excellence has consistently earned it annual recognition at the Business Day BAFI Awards. Previously, it was named Digital Transformation and Cybersecurity Advocate of the Year in 2023, Depository and Custody Company of the Year for 2022 and 2021, Securities Services Company of the Year in 2022, and Continental Leader in Post-trade and Custody Services in 2019.

As CSCS looks toward the future, the company remains focused on leveraging advanced technology and strategic partnerships to reinforce its leadership in Nigeria’s capital market. Through innovation and unwavering dedication to operational excellence, CSCS is committed to setting new standards for capital market infrastructure and supporting the nation’s financial ecosystem.

About CSCS

The Central Securities Clearing System (CSCS) is a Public Limited Company, with a diversified shareholder base, including the Nigerian Stock Exchange, some of the largest banks in Nigeria, private equity firms, investment banks and other corporate and individual shareholders.  With over two decades of operation, serving as the Central Securities Depository for the Nigerian Capital Market, CSCS has been pivotal to the growth and transformation of the capital market, including its audacious full dematerialization of share certificates and the shortening of settlement cycle in the capital market.

CSCS serves as the Central Depository for Equities, Commercial Papers, Corporate Bonds, Sub-National Bonds, certain Sovereign Bonds (such as the FGN Sukuk and the FGN Savings Bond), Equity-traded Funds, Real estate Investment Trusts, Mutual funds and Commodities. CSCS is licensed and regulated by the Securities and Exchange Commission (SEC). The activities of CSCS are governed by the Investment and Securities Act 2007, the Companies and Allied Matters Act 2004, and the SEC Rules.

Leveraging on digital technologies, CSCS serves its participants, institutional and retails investors through varying channels, including its web portal; www.cscs.ng; online and mobile applications, web chatbot, Data Exchange platforms, customer service call centre; 070 CALL CSCS – 070022552727 or 01 448 0500 amongst others.

CONTACT:

corpcomms@cscs.ng

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Many say, “Customer is King” but we dare to say “You are Everything That Matters to Us”. Indeed, you are the “heart” of Central Securities Clearing System Plc (CSCS), as a capital market infrastructure. Whilst this week is formally dedicated to celebrate YOU; our esteemed customer, I like to note that YOU are worth more than a Week of Celebration! Even as we may not write YOU every day, I want to assure YOU that everything we do, 365days a year, is “All About YOU”. On behalf of the Board of Directors of CSCS, Executive Management, Staff and most importantly, our exceptional Customer Service Team, I want to formally express our sincere appreciation for your loyalty. Through the thick and thin of the bumpy market, YOU are always with us…knowing YOU are with us gives comfort. Your support, feedback and compliments are our source of strength, innovation and success.

We recognize that the current market environment puts notable constraints on your investment decisions and objectives, and that is why we continue to work assiduously to sail through the tide with YOU. We are confident our partnership will always deliver the best outcomes. As new technologies and macroeconomic factors continue to redefine market realities, we trust our creativity and service excellence will always put YOU, our loyal customers, ahead of the curve.

I like to reiterate our commitment to YOUR success. We remain your trusted ally of all seasons and would continue to commit all resources towards fulfilling our role as the leading capital market infrastructure, providing safe depository of YOUR assets and efficient clearing and settlement of transactions in all asset classes across all Exchanges in Nigeria. We have come this far because YOU are there for us…and with YOU on this journey with us, we are ever confident about the future, as we take pleasure in our mutual success.

Thank YOU for always being with us…the right side of the market – It’s our pride to be of service to YOU!

To my colleagues, who continue to work tirelessly to exceed customers’ expectation, as always, I am very proud of YOU. As you know, your medals are our Customers’ Success…please keep the flag flying.

Happy Customer Service Week…Thank You…Merci… E Seun… Nagode…Daalu!

Yours sincerely,

Haruna Jalo-Waziri
Managing Director / Chief Executive Officer

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The addition of Mrs. Adesola and Dr. Muhammed-Oyebode supports CSCS’s strategy of enhancing governance and leadership. Their significant achievements in financial services, corporate governance, and social impact will contribute to the company’s continued success in the Nigerian capital market.

Temi Popoola, Chairman of the Board of CSCS, expressed his pleasure in welcoming Mrs. Adesola and Dr. Muhammed-Oyebode to the CSCS board during this critical phase of the company’s growth. He noted that “the appointment of these two exceptional professionals not only underscores our continued dedication to fostering diversity within the board but also reflects our confidence in the lasting contributions these individuals will make. With their extensive expertise in financial services, governance, and corporate strategy, their insights are expected to significantly influence the future success of our company.”

Haruna Jalo-Waziri, Managing Director and Chief Executive Officer of CSCS, noted, “CSCS is dedicated to creating an environment where diverse perspectives are valued and encouraged. By appointing two highly accomplished women to our board, we are not only enhancing our leadership team but also setting a precedent for the entire industry. We believe that their contributions will drive meaningful change and inspire future generations of women leaders.”

Mrs. Bola Adesola, reflecting on her appointment, said, “I am honored to join the Board of CSCS, an organization that has consistently driven market innovation and efficiency. I look forward to contributing my experience in financial services and governance to support CSCS in achieving its strategic goals and sustaining its leadership in the capital market.”

Dr. Aisha Muhammed-Oyebode expressed her enthusiasm, stating, “I am delighted to join the Board of CSCS, an institution that has been instrumental in driving the growth and transformation of the Nigerian capital market. I look forward to working alongside my fellow board members to drive growth and innovation for the benefit of all stakeholders.

Mrs. Bola Adesola is an accomplished banker with over 33 years of experience. She currently serves as Chairman of Ecobank Nigeria and the Lagos State Employment Trust Fund. Her career includes senior leadership roles such as Senior Vice-Chairman, Africa at Standard Chartered Bank and CEO of Standard Chartered Bank Nigeria and West Africa. Mrs. Adesola also co-founded Women in Management, Business, and Public Sector (WIMBIZ), an initiative aimed at empowering women in leadership positions. She is an alumna of Harvard Business School and Lagos Business School and holds a law degree from the University of Buckingham, UK. Her dedication to the economic empowerment of women is reflected in her mentoring efforts, through which she inspires future leaders.

Dr. Aisha Muhammed-Oyebode is the Group Chief Executive Officer (CEO) of Asset Management Group (AMG) Limited and CEO of the Murtala Muhammed Foundation, an organization dedicated to social and economic development in Africa. She also chairs Lekoil Limited and has contributed significantly to corporate governance across multiple industries. With a strong legal background, she has worked with various global financial institutions and has led several socio-economic initiatives across the continent. Dr. Muhammed-Oyebode holds a PhD in Law from SOAS, University of London, along with advanced degrees from King’s College London and Imperial College London. Her work in conflict resolution and women’s leadership initiatives underscores her commitment to sustainable development and governance.

CSCS remains dedicated to maintaining the highest standards of governance and operational excellence, ensuring it continues to lead the way in the Nigerian capital market.

About CSCS

About CSCS
The Central Securities Clearing System (CSCS) PLC is Nigeria’s premier Central Securities Depository (CSD), serving the Nigerian capital market for over two decades. With a diversified shareholder base, including the NGX Group, leading banks, and investment firms, CSCS plays a pivotal role in the capital market ecosystem. CSCS is licensed and regulated by the Securities and Exchange Commission (SEC) and has been instrumental in several transformative initiatives, including the full dematerialization of share certificates and the shortening of settlement cycles in the market.

CSCS provides a central depository for various financial instruments, including Equities, Corporate Bonds, Sub-National Bonds, Sovereign Bonds, Mutual Funds, and Commodities. The company leverages cutting-edge digital technologies to serve participants and investors through various channels, including its web portal, mobile applications, and customer service centers.

For more information, visit www.cscs.ng or contact our customer service at 070 CALL CSCS or 01 448 0500

The post CSCS PLC Strengthens Board with Appointment Of Bola Adesola and Aisha Muhammed-Oyebode appeared first on CSCS Plc.

The CSCS cybersecurity conference is an exclusive high-profile business networking event that brings together leading cybersecurity industry professionals, government officials, financial institutions, telecommunication companies and industry regulators to discuss the significance of keeping cyber vigilance on varying degrees of business technology touchpoints for data exchange.

The post CSCS Cybersecurity Conference 2024 appeared first on CSCS Plc.

The CSCS cybersecurity conference is an exclusive high-profile business networking event that brings together leading cybersecurity industry professionals, government officials, financial institutions, telecommunication companies and industry regulators to discuss the significance of keeping cyber vigilance on varying degrees of business technology touchpoints for data exchange.

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