The Central Securities Clearing System Plc (CSCS) has announced the rollout of its new Unstructured Supplementary Service Data (USSD) code with the aim of simplifying access to investment information for Nigerian investors.
CSCS, while stating that the service, which goes live on May 8, 2025, is initially exclusive to MTN Nigeria subscribers and is part of broader efforts to deepen financial inclusion through technology.
CSCS serves as the Central Depository for Equities, Commercial Papers and Corporate Bonds.
According to them, the platform will enable investors to access essential information such as their Clearing House Numbers (CHN), Direct Cash Settlement (DCS) status, stock positions, account balances, and account status—all without the need for internet connectivity or smartphone apps.
Managing Director and Chief Executive Officer of CSCS, Haruna Jalo-Waziri, described the initiative as a step toward democratizing access to portfolio and account data for all investors, regardless of location or digital literacy.
“We are excited to launch the *7270# USSD code service, a step in leveraging mobile technology to democratize access to account and portfolio information,” he said.
