About Us

We are the Nigerian Central Securities Depository (CSD)


Central Securities Clearing System Plc [CSCS] is Nigeria’s Central Securities Depository (CSD) licensed to carry on the depository, clearing and settlement of all transactions in the Nigerian Capital Market. As the country’s premier Financial Market Infrastructure (FMI), CSCS processes securities in electronic book-entry form, ensuring safe and efficient transaction processing within the ecosystem whilst also pioneering innovative solutions to deepen and enhance the efficient functioning of the market. We provide an effective single access point for all post-trade services in the Nigerian financial market, covering all forms of capital and money market securities including: equities, treasury bills, bonds, commodities, funds and cash. With an “A+” CSD rating from Thomas Murray, CSCS ranks amongst the best rated financial services firms in Nigeria and one of the best rated FMI in Africa.

For more than two decades, CSCS has continuously partnered with other stakeholders in redefining the structure and operations of the Nigerian Capital Market, leveraging new technologies in extracting efficiencies across the transaction life cycle while providing assurance in post-trade execution. With the support of the Securities and Exchange Commission (SEC), other financial market regulators and collaboration with market participants, CSCS actualized the full dematerialization of share certificates in the Nigerian equity market, thus facilitating the full transition of the Nigerian equity market to the automated trading system. CSCS serves as the post trade agent for transactions on Securities Exchanges in the Nigerian Capital Market.


Central depository for share certificates

Sub-registry for all quoted securities

Issuer of International Securities Identification Numbers

Custodian for local and foreign instruments

Issuer of Legal Entity Identifier (LEI) code for Nigeria

“...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 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 Nigeria’s Central Securities Depository, we provide assurance on the safety of assets in our depository as well as the integrity of data on which the market operates. This value underlies our continuous investment in new offensive technologies to reinforce our cyber security whilst also adhering to global best practices in identity and data governance/management principles.



We continuously leverage technology and best-in-class human capital to improve the effectiveness of our process and broader market operations. We are never satisfied with the “best”, as we always want something “better”. It is a value borne out of our philosophy of “continuous improvement.



We respect the sanctity of markets and clients’ data; thus we commit to the highest standards of privacy in protecting all data within our repository and operating environment. We are in strict compliance with relevant General Data Protection Regulations, domestically and internationally.



We adhere to best ethical and moral principles; we want to be the gold standard for integrity, and we treat clients the way we would like to be treated.



As a market infrastructure, we pioneer innovations and lead market redefining changes through our support to other stakeholders; thanks to our vast pool of human capital and continuous retooling. We encourage ingenuity and creativity of our people, who champion original and imaginative ideas for the sustainable growth of our markets.



We respect and reward meritocracy, creating a work environment that brings out the best in people and enhances the productivity of the firm. This is our approach to delivering excellent customer service!


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

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. On May 16, 2012, CSCS became a Public Liability Company (PLC) by a special resolution.

CSCS Plc has made visible strides in the Nigerian Capital Market and will continue to respond to the needs of the securities and commodities market to further enhance transparency and speedy settlement of transactions.