The Central Securities Clearing System Plc (CSCS), a subsidiary of the Nigerian Exchange, has enhanced investor onboarding processes to improve efficiency, strengthen service delivery and widen access to the market.
The Chief Executive Officer of CSCS, Mr Shehu Shantali, said in a statement that the measures would modernise account creation and investor data processing.
Shantali explained that the initiative would also support faster account opening, improve data handling, and enable seamless interaction among stakeholders in the capital market.
He noted the improvements would benefit exchanges, stockbrokers, registrars, banks, fintech firms, and other operators through a more integrated onboarding framework.
He added that CSCS was upgrading its Account Opening System, while introducing additional services and support for a smooth transition across the market.
According to him, enhancements will ensure clearer processes for obtaining Clearing House Numbers and improved system performance across the ecosystem.
He said that stakeholders would receive timely updates on system upgrades, operational changes, and any scheduled downtime as implementation progresses.
“These enhancements reflect our continued commitment to improving market efficiency and delivering better service to stakeholders.
“By strengthening onboarding processes, we are enabling easier market access and positioning it for sustained growth,” Shantali said.
In his remarks, Mr Tobe Nnadozie, Divisional Head, Business Technology and Digital Innovation, highlighted the operational impact of the initiative.
Nnadozie explained that the enhancements are focused on delivering greater speed, reliability and scalability across systems and services.
“Beyond technology, we are ensuring stakeholders receive support and guidance to navigate these improvements seamlessly.
“CSCS will continue engaging stakeholders through structured communication, technical onboarding sessions, and industry sensitisation initiatives to ensure readiness and alignment,” he said.
GIK/APA