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Central Securities Clearing System Plc Has Contributed To Nigeria’s Capital Market Operations-Nnadozie



The Central Securities Clearing System Plc (CSCS) has said that its technological innovations had significantly contributed to the advancements in Nigeria’s capital market operations and services.

Mr Tobe Nnadozie, Head of Business Technology and Digital Innovation at CSCS, told newsmen on Saturday in Lagos.

According to him, the boost is ushering in a new era in the country’s capital market technology, with Nutanix playing a crucial role.

The News Agency of Nigeria (NAN) reports that CSCS, led by Mr Haruna Jalo-Waziri, Managing Director, is Nigeria’s Central Securities Depository (CSD), licensed to handle the depository, clearing and settlement of all transactions in the Nigerian Capital Market.

The company processes an impressive 99.9 per cent of all equity trades in the capital markets, underscoring its leading position in the equities market and significant presence in bonds and other financial sectors.

Nnadozie stated that 100 per cent of brokers in the capital market.

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