CSCS Records ₦2.1 Trillion Transactions in Four Months, Plans T+2 Settlement to Boost Market Efficiency
The Central Securities Clearing System (CSCS) has announced a major surge in trading activity, recording securities transactions worth ₦2.112 trillion between May and August 2025. This marks a 138.4% jump compared with ₦885.93 billion posted during the same period in 2024, highlighting stronger market participation and investor confidence in Nigeria’s capital market.
According to CSCS data, 95.66 billion units of securities were executed across 2,063,939 deals during the four-month period, up from 67.68 billion units and 770,217 deals recorded a year earlier. This reflects a 41.3% rise in transaction volume and a staggering 168% growth in the number of deals year-on-year, underscoring the system’s growing role in market settlement and clearing.
A breakdown of the monthly figures shows that CSCS processed ₦362.34 billion in May, ₦393.65 billion in June, a peak of ₦910.31 billion in July, and ₦446.08 billion in August 2025. Securities volumes mirrored this trend, with 19.28 billion units in May, 14.85 billion in June, 35.34 billion in July, and 26.19 billion in August. Deal counts also climbed steadily, hitting 378,967 in May and closing at 664,802 in August.
Beyond the numbers, CSCS is preparing to introduce a T+2 settlement cycle effective November 28, 2025. This upgrade will shorten the time it takes to settle trades from three to two business days, a move expected to reduce counterparty risk, enhance liquidity, and align Nigeria’s capital market with advanced economies such as Japan, the UK, and Switzerland. Regulators and stakeholders have already expressed support for the transition.
To support this growth and reform agenda, CSCS has been overhauling its core digital infrastructure, including its Brokers Portal, RegConnect, Custodian Portal, and Regulators Portal. It has also launched a USSD code service enabling investors to retrieve their Clearing House Number, check Direct Cash Settlement status, view stock positions, and confirm account balances without internet connectivity. Managing Director/CEO Haruna Jalo-Waziri said these initiatives underscore CSCS’s commitment to expanding investor access and improving market efficiency.
source: punch