The Central Securities Clearing System Plc (CSCS) has announced revised pricing for selected services as part of efforts to reduce transaction costs, deepen retail investor participation and improve liquidity in Nigeria’s capital market. The revised pricing framework, announced on Wednesday, introduces targeted fee reductions and the removal of some charges……
The Central Securities Clearing System Plc (CSCS) has announced revised pricing for selected services as part of efforts to reduce transaction costs, deepen retail investor participation and improve liquidity in Nigeria’s capital market.
The revised pricing framework, announced on Wednesday, introduces targeted fee reductions and the removal of some charges for investors and market intermediaries, according to the financial market infrastructure company.
Under the new framework, lien fees for retail investors have been reduced by 50 per cent, from 0.25 per cent to 0.125 per cent.
CSCS also reduced nominal transfer fees for qualifying transfers between immediate family members from 0.3 per cent to zero, while broker code creation and renewal fees have been completely removed.
Similarly, eligibility fees payable by brokers across the exchanges serviced by CSCS have been scrapped.
The company said the changes were designed to lower the cost of participation for investors and market operators while creating a more supportive environment for brokers, fintech companies and other market participants developing solutions to broaden access to Nigeria’s capital market.
Commenting on the review, Managing Director and Chief Executive Officer of CSCS Plc, Shehu Yahaya Shantali, said the organisation was responding to the evolving needs of investors and market participants.
“As Nigeria’s capital market continues to grow and evolve, we believe its infrastructure must continually respond to the needs of investors and market participants. This review is about identifying areas where we can reduce friction, improve accessibility and support greater participation, while continuing to provide the secure, resilient and efficient infrastructure on which the market depends,” Shantali said.
He said the review was part of CSCS’s wider responsibility to contribute to the development of a deeper and more inclusive Nigerian capital market.
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“We see this as part of our broader responsibility to support the development of a deeper, more inclusive and innovative Nigerian capital market. We will continue to invest in our technology and capabilities while working closely with our stakeholders to ensure that CSCS remains responsive to the changing needs of the market,” he added.
CSCS said the revised pricing would support greater retail participation, encourage innovation across the market and improve the overall experience of investors and market operators.
As a critical financial market infrastructure, CSCS provides depository, clearing and settlement services that underpin transactions across Nigeria’s capital market.
The company said it would continue to invest in technology, cybersecurity, operational resilience and service innovation to strengthen the efficiency and reliability of Nigeria’s post-trade ecosystem.
CSCS also reaffirmed its commitment to working with regulators, exchanges, market operators and other stakeholders to identify opportunities to improve market efficiency, strengthen infrastructure and support sustainable growth in the capital market.
