Yemisi Izuora
The Central Securities Clearing System (CSCS) Plc, Nigeria’s premier capital market infrastructure, has been honoured for its outstanding contributions to the financial services industry.
The CSCS received the prestigious Capital Market Infrastructure Developer of the Year award, at the 12th Business Day Banks and other Financial Institutions (BAFI) Awards, held on Friday, October 25, 2024, at the Lagos Continental Hotel.
The BAFI Awards serve as a benchmark of excellence within Nigeria’s financial services sector, recognizing organizations, teams, and individuals who demonstrate unparalleled commitment to delivering quality financial services across diverse client segments.
Haruna Jalo-Waziri, MD/CEO of CSCS Plc, noted that this award is a testimony of CSCS’s outstanding performance in the development of Nigeria’s capital market. “This award highlights our unwavering commitment to driving innovation and resilience in Nigeria’s capital market infrastructure. At CSCS, we believe in the power of collaboration and forward-thinking solutions to meet the evolving needs of our stakeholders and enhance the integrity of our market.”
Mr Jalo-Waziri added “Our journey toward excellence is guided by our visionary board, driven by a team of dedicated professionals, and supported by loyal customers and stakeholders. This award is for them, as their unwavering support makes our achievements possible.”
Onome Komolafe, Divisional Head, Business Services & Client Experience at CSCS who received the award on behalf of the company stated “CSCS’s role as a pillar in Nigeria’s financial ecosystem reflects our dedication to enhancing capital market services. This award fuels our determination to continuously elevate client experience and solidify our position as a trusted infrastructure provider.”
The CSCS’s commitment to excellence has consistently earned it annual recognition at the Business Day BAFI Awards. Previously, it was named Digital Transformation and Cybersecurity Advocate of the Year in 2023, Depository and Custody Company of the Year for 2022 and 2021, Securities Services Company of the Year in 2022, and Continental Leader in Post-trade and Custody Services in 2019.
As CSCS looks toward the future, the company remains focused on leveraging advanced technology and strategic partnerships to reinforce its leadership in Nigeria’s capital market. Through innovation and unwavering dedication to operational excellence, CSCS is committed to setting new standards for capital market infrastructure and supporting the nation’s financial ecosystem.
About CSCS
The Central Securities Clearing System (CSCS) is a Public Limited Company with a diversified shareholder base, including the Nigerian Stock Exchange, some of the largest banks in Nigeria, private equity firms, investment banks and other corporate and individual shareholders. With over two decades of operation, serving as the Central Securities Depository for the Nigerian Capital Market, CSCS has been pivotal to the growth and transformation of the capital market, including its audacious full dematerialization of share certificates and shortening of the settlement cycle in the capital market.
CSCS serves as the Central Depository for Equities, Commercial Papers, Corporate Bonds, Sub-National Bonds, certain Sovereign Bonds (such as the FGN Sukuk and the FGN Savings Bond), Equity-traded Funds, Real estate Investment Trusts, Mutual funds and Commodities. CSCS is licensed and regulated by the Securities and Exchange Commission (SEC). The activities of CSCS are governed by the Investment and Securities Act 2007, the Companies and Allied Matters Act 2004, and the SEC Rules.
Leveraging digital technologies, CSCS serves its participants, institutional investors, and retail investors through varying channels, including its web portal, www.cscs.ng; online and mobile applications; web chatbot; Data Exchange platforms; and customer service call center, 070 CALL CSCS—070022552727or 01 448 0500, amongst others.