CSCS Reduces Fees to Boost Retail Investment in Nigeria

Central Securities Clearing System Plc (CSCS) announced on Tuesday a comprehensive reduction and removal of selected fees to lower investment costs and ease transaction barriers in Nigeria’s capital market. The revised pricing framework includes a 50% reduction in lien fees for retail investors, decreasing from 0.25% to 0.125%.

Additionally, nominal transfer fees for qualifying transfers between immediate family members have been eliminated. CSCS also removed broker code creation and renewal fees, as well as eligibility fees for brokers across the exchanges it services.

Managing Director/Chief Executive Officer Shehu Yahaya Shantali stated that these changes respond to the evolving needs of investors and market participants, aiming to enhance accessibility and support greater participation while ensuring the security and efficiency of market infrastructure. The fee reductions are expected to benefit retail investors and market intermediaries, promoting innovation and contributing to a more inclusive capital market.