CSCS Unveils Joint Account Feature to Boost Collaborative Investing in Nigeria

The Central Securities Clearing System has introduced a new set of investor-focused services, headlined by a Joint Account feature aimed at making collaborative investing easier for families, business partners, and co-investors in the Nigerian capital market. The move is part of the organisation’s broader push to modernise post-trade infrastructure and improve investor experience.

According to the announcement, the initiative reflects CSCS’s commitment to building a more transparent and efficient financial ecosystem in Nigeria. The company’s Managing Director and Chief Executive Officer, Shehu Shantali, said the upgrade is designed to strengthen market resilience while improving access to faster and more reliable investment services.

The new Joint Account feature is expected to significantly improve how investors manage shared portfolios. It allows multiple users to jointly track and control investments in real time, addressing rising demand for flexible and collaborative wealth management tools across both retail and institutional segments.

Beyond joint investing, CSCS also rolled out Premium Investor Tiers for high-activity users, offering more personalised support. In addition, the organisation introduced API Access, enabling fintech companies, brokers, and market operators to integrate directly with CSCS systems for automated transactions and improved efficiency.

CSCS reaffirmed that these innovations are part of its long-term mission to support market growth and digital transformation. By expanding beyond traditional clearing and settlement services, the organisation positions itself as a key driver of financial innovation, helping to shape a more connected and efficient capital market in Nigeria.

source: punch