Central Securities Clearing System
{{Infobox organization
| name = Central Securities Clearing System (CSCS) Plc.
| formation = April 14, 1997
| location_country = Nigeria
| key_people = Haruna Jalo-Waziri (CEO) https://businessday.ng/news/article/cscs-sensitises-financial-market-stakeholders-on-cyber-security/
}}
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.{{Cite web |last=Oboh |date=2023-08-07 |title=Breaking through the share index psychological level of 66,000 |url=https://www.vanguardngr.com/2023/08/breaking-through-the-share-index-psychological-level-of-66000/ |access-date=2025-03-10 |website=Vanguard News |language=en-GB}}{{Cite news |title=CSCS increases automation, efficiencies with TCS BaNCS, apost trade service solution |url=https://proshare.co/articles/cscs-increases-automation-efficiencies-with-tcs-bancs-apost-trade-service-solution |work=Proshare}}
History
CSCS started operating in on April 14, 1997.{{Cite web |title=CSCS Rides on Innovation, Diversification – THISDAYLIVE |url=https://www.thisdaylive.com/index.php/2016/05/25/cscs-rides-on-innovation-diversification/ |access-date=2025-03-10 |website=www.thisdaylive.com}} In 2023, CSCS announced that they earned 7.284 billion naira from transaction and depository fees.{{Cite web |last=Ugwu |first=Chris |date=2024-06-24 |title=CSCS earns N7.284 billion from transaction and depository fees in 2023 |url=https://nairametrics.com/2024/06/24/cscs-earns-n7-284-billion-from-transaction-and-depository-fees-in-2023/ |access-date=2025-03-10 |website=Nairametrics |language=en-US}} CSCS was awarded Capital Market Infrastructure Developer of the Year at Business Day Banks and other Financial Institutions (BAFI) Awards in 2024.{{Cite news |title=CSCS Wins Capital Market Infrastructure Developer of the Year at BAFI Awards 2024 |url=https://www.proshare.co/articles/cscs-wins-capital-market-infrastructure-developer-of-the-year-at-bafi-awards-2024? |work=Proshare}}
References
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