Poised to enhance the ease and accessibility of investment services for all users, the Central Securities Clearing System Plc (CSCS) recently announced plans to launch its Unstructured Supplementary Service Data (USSD) code service- *7270# on May 8, 2025.
The USSD code service, an innovative solution, according to a statement by the company, leverages the network capabilities of MTN Nigeria to bring unparalleled convenience to investors.
Driven by a relentless commitment to innovation, CSCS says it aims to revolutionize information access within the Nigerian capital market through this USSD code service, while also focusing on enhancing investor experiences and providing deeper market insights with unparalleled convenience.
As Central Securities Depository (CSD), CSCS says the USSD code service offers seamless access to essential market information directly from mobile phones, eliminating the need for internet connectivity or specialized trading platforms. Investors can now effortlessly retrieve Clearing House Number (CHN), check Direct Cash Settlement (DCS) status, view stock positions, account balances, and account status confirmations.
The statement quoted Haruna Jalo-Waziri, Managing Director and Chief Executive Officer of CSCS, as expressing the excitement of the board and management “to launch the *7270# USSD code service, a significant step in leveraging mobile technology to democratize access to account and portfolio information.”
The service, he assures, “empowers every investor, regardless of their location or resources, to stay informed about their investments. At CSCS, we believe that financial inclusivity is key to driving economic growth.
“Our partnership with MTN Nigeria on this project represents a significant leap toward a more inclusive financial landscape, leveraging the spread of the MTN network. This collaboration enhances the investing experience, reinforcing our shared commitment to empowering individuals with the tools they need to manage their financial futures effectively.” he added.
