The Central Securities Clearing System Plc has enhanced investor onboarding processes to improve efficiency, strengthen service delivery, and expand market access.
CEO Shehu Shantali disclosed this in a statement on Wednesday, outlining measures to modernise account creation and investor data processing.
Mr Shantali said the initiative would 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 to ensure a smooth transition across the market.
According to him, enhancements would ensure clearer processes for obtaining Clearing House Numbers and improved system performance across the ecosystem.
Mr Shantali said 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,” Mr Shantali said.
Tobe Nnadozie, divisional head of Business Technology and Digital Innovation, highlighted the initiative’s operational impact.
Mr Nnadozie said the enhancements were focused on delivering greater speed, reliability, and scalability across systems and services.
He said, “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.”
(NAN)
