The Central Securities Clearing System PLC (CSCS) has announced the launch of its Unstructured Supplementary Service Data (USSD) code service, *7270#, set to go live on May 8, 2025.
This innovative solution is designed to enhance the ease and accessibility of investment services for all users.
The USSD code service, powered by MTN Nigeria’s network, will allow investors to access essential market information directly from their mobile phones, without the need for internet connectivity or specialized trading platforms.
Users can retrieve Clearing House Number (CHN), check Direct Cash Settlement (DCS) status, view stock positions, account balances, and account status confirmations.
Haruna Jalo-Waziri, Managing Director and Chief Executive Officer of CSCS, said, “We are excited to launch the *7270# USSD code service, a significant step in leveraging mobile technology to democratize access to account and portfolio information.
” This service empowers every investor, regardless of their location or resources, to stay informed about their investments.”
The CSCS USSD code service is initially available to MTN users only, with plans to expand to other networks soon.
Aisha Umar Mumuni, Chief Digital Officer of MTN Nigeria, commented, “This collaboration with CSCS underscores MTN’s commitment to harnessing the power of mobile technology to simplify complex processes for our users.”
This innovative service offers investors streamlined and secure access to critical market information at their fingertips, enhancing investor engagement and market transparency.
With over two decades of operation, serving as the Central Securities Depository for the Nigerian Capital Market, CSCS has been pivotal to the growth and transformation of the capital market.
The Depository continues to lead the way in technological advancements, reinforcing its position as a pivotal player in the Nigerian capital market ecosystem.
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