Central Securities Clearing System Plc

Central Securities Clearing System Plc (CSCS) is Nigeria's Central Securities Depository (CSD) and a key player in the Nigerian Capital Market. Established in 1992, CSCS is licensed to handle the depository, clearing, and settlement of all market transactions in Nigeria. As the country's principal Financial Market Infrastructure (FMI), CSCS ensures secure and efficient processing of securities in electronic book-entry form, while also pioneering innovative solutions to enhance market functionality. With an “A+” CSD rating from Thomas Murray, CSCS stands as one of the top-rated financial services firms in Nigeria and one of the best-rated FMIs in Africa. CSCS offers a comprehensive single access point for all post-trade services in the Nigerian financial market, covering various capital and money market securities such as equities, treasury bills, bonds, commodities, funds, and cash. The company has been instrumental in redefining the structure and operations of the Nigerian Capital Market for over two decades, leveraging new technologies to enhance transaction efficiency and post-trade execution. In 2015, Kuramo Capital made a Venture Round investment in CSCS, further strengthening the company's position and supporting its mission to drive innovation and efficiency in the Nigerian Capital Market. Collaborating with market participants and regulators, CSCS played a pivotal role in the full dematerialization of share certificates in the Nigerian equity market, facilitating the transition to an automated trading system. As the post-trade agent for transactions on Securities Exchanges in Nigeria, CSCS continues to be a key player in advancing the Nigerian Capital Market.