Central Securities Clearing System Records N2.11trn Transactions

The Central Securities Clearing System (CSCS) has reported an impressive execution of N2.112 trillion in securities transactions between May and August 2025, representing a 138.44 per cent increase compared to N885.93 billion recorded during the same period in 2024.

The total volume encompassed 95.66 billion units of securities executed across 2.064 million deals between May and August 2025, compared to 67.68 billion units and 770,217 deals recorded during the same period in 2024.

A breakdown of CSCS data showed that the total value of transactions in May 2025 stood at N362.34 billion, rising to N393.65 billion in June, peaking at N910.31 billion in July, and closing at N446.08 billion in August.

The number of deals executed also followed an upward trend: 378,967 in May, 370,174 in June, 649,996 in July, and 664,802 in August. In the corresponding period of 2024, CSCS recorded settlement values of N189.38 billion in May, N233.24 billion in June, N259.19 billion in July, and N204.11 billion in August.

The volume of securities settled included 9.28 billion units in May, 27.57 billion in June, 14.52 billion in July, and 16.31 billion in August. During the same months, the number of deals executed stood at 180,555 in May, 184,072 in June, 203,769 in July, and 201,821 in August.

CSCS Nigeria has received strong support from capital market regulators and key industry stakeholders for its planned transition to a T+2 settlement cycle, set to take effect on November 28, 2025.

The T+2 settlement system is expected to significantly enhance market efficiency, reduce counterparty risk, and align Nigeria’s capital market with global best practices, positioning it alongside advanced markets such as Japan, the United Kingdom, and Switzerland.

CSCS said that “other key innovation highlights this year include the launch of RegConnect Version 2, a next-generation upgrade of its flagship web-based platform, designed to significantly improve operational efficiency and user experience for Registrars in the Nigerian capital market.

“In July, we launched the Custodian Portal, a user-centric digital solution aimed at enhancing operational efficiency and improving digital access for custodians.”

It added that CSCS launched its innovative Unstructured Supplementary Service Data (USSD) code service, designed to simplify access to investment services for all users, offering unparalleled convenience and significantly enhancing the investor experience.

It explained that “the USSD code service provides seamless access to essential market information directly via mobile phones, without requiring internet connectivity or specialized trading platforms. Investors can easily retrieve their Clearing House Number (CHN), check Direct Cash Settlement (DCS) status, and view stock positions, account balances, and account status confirmations.”

On the initiative, managing director and the chief executive officer of CSCS, Haruna Jalo-Waziri, stated, “the USSD code service marks a significant milestone in leveraging mobile technology to democratise access to account and portfolio information.”