Central Securities Clearing System (CSCS) Plc, Nigeria’s capital market infrastructure, has launched its custodian portal, a user-centric digital solution designed to optimise custodian operations through intuitive, secure, and efficient features.
The CSCS is a public limited company with a diversified shareholder base, which serves as the central securities depository for the Nigerian capital market.
Haruna Jalo-Waziri, Chief Executive Officer (CEO) CSCS, announced this in a statement on Monday.
Mr Jalo-Waziri said that the custodian portal offered a streamlined experience for market participants with powerful tools that facilitate comprehensive portfolio and trade management, document tracking, share transfer operations, client symbol search, and real-time access to vital data.
He explained that the portal, designed to operate through a flexible subscription-based model, empowered users to manage their records effortlessly and securely through convenient payment channels such as GTPay and Paystack.
According to him, digital transformation remains at the core of our strategy to enhance the efficiency, transparency, and accessibility of Nigeria’s capital market services.
“The custodian portal is a significant leap in that direction, offering custodians a centralised platform to manage critical processes in real-time. We are excited about the value this innovation brings to our stakeholders, and we will continue to evolve the platform in line with users’ needs and industry trends,” he said.
The CEO also explained that the portal was designed with user experience in mind, featuring tools such as portfolio viewing and downloads in PDF or Excel format.
We are excited about the value this innovation brings to our stakeholders, and we will continue to evolve the platform in line with users’ needs and industry trends.
He further said that it also featured tracking of stock movements across date ranges, inbox messaging, and request tracking, as well as robust user management capabilities, including role assignment and status tracking.
Similarly, Tobe Nnadozie, Divisional Head, Business Technology and Digital Innovation, CSCS Plc, said that the portal aligned with CSCS’s drive to automate the market.
The custodian portal reinforces CSCS’s commitment to leveraging technology to streamline back-office functions and support a more agile, data-driven capital market ecosystem.
All custodians in the Nigerian capital market have now been successfully onboarded on the custodian portal, marking a significant milestone in CSCS’s ongoing drive to enhance collaboration, standardise operational processes, and promote digital adoption across the market. (NAN)
