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Central Securities Clearing System Plc (CSCS), Nigeria’s leading capital market infrastructure, has revised the pricing of selected services as part of ongoing efforts to reduce transaction friction, encourage greater retail investor participation and support innovation and liquidity in the Nigerian capital market.
The revised framework introduces targeted reductions and the elimination of selected burdens for investors and market intermediaries, reflecting the CSCS’s commitment to improving market accessibility and supporting a more efficient and inclusive capital market ecosystem.
Under the revised pricing framework:
Pledge 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
Qualification fees payable by brokers on exchanges served by CSCS have been removed.
The changes according to CSCS are designed to reduce the costs of participation for investors and market participants, while creating a more favorable environment for brokers, FinTechs and other participants developing solutions that broaden access to Nigeria’s capital market.
Commenting on the review, CSCS Plc CEO/CEO Shehu Yahaya Shantali said:
