Central Securities Clearing System Plc (CSCS), Nigeria’s premier capital market infrastructure, has announced revised pricing across selected services as part of ongoing efforts to reduce transaction friction, encourage greater retail investor participation and support innovation and liquidity across the Nigerian capital market.
The revised framework introduces targeted reductions and the removal of selected charges for investors and market intermediaries, reflecting CSCS’s commitment to improving market accessibility and supporting a more efficient and inclusive capital market ecosystem.
Under the revised pricing framework: Lien fees for retail investors have been reduced by 50%, from 0.25% to 0.125%;
Nominal transfer fees for qualifying transfers between immediate family members have been reduced from 0.3% to zero;
Broker code creation and renewal fees have been removed; and Eligibility fees payable by brokers across the exchanges serviced by CSCS have been removed.
The changes are designed to lower the cost of participation for investors and market operators, while creating a more supportive environment for brokers, FinTechs and other participants developing solutions that broaden access to Nigeria’s capital market.
Commenting on the review, Mr. Shehu Yahaya Shantali, the Managing Director/Chief Executive Officer of CSCS Plc, said:
“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.”
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