Central Securities Clearing System Plc (CSCS), Nigeria’s premier capital market infrastructure, has 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 per cent, from 0.25 per cent to 0.125 per cent
Nominal transfer fees for qualifying transfers between immediate family members have been reduced from 0.3 per cent 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 according to CSCS 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, the Managing Director/Chief Executive Officer of CSCS Plc, Mr. Shehu Yahaya Shantali said:
