We create value by providing securities depository, clearing, settlement and other services, driven by innovative technology and a highly-skilled workforce.
To be the globally respected and leading central securities depository in Africa.
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.