The Central Securities Clearing System Plc has officially launched its Custodian Portal, designed to optimise custodian operations and strengthen market operations.

In a statement on Monday, it was revealed that the Custodian Portal offers a streamlined experience for market participants, with powerful tools that facilitate comprehensive portfolio and trade management, document tracking, share transfer operations, client symbol search, and real-time access to vital data.

Commenting on the new portal, the Managing Director/Chief Executive Officer of CSCS Plc, Haruna Jalo-Waziri, said, “Digital transformation remains at the core of our strategy to enhance the efficiency, transparency, and accessibility of Nigeria’s capital market services. The Custodian Portal is a significant leap in that direction, offering custodians a centralised platform to manage critical processes in real-time.

“We are excited about the value this innovation brings to our stakeholders, and we will continue to evolve the platform in line with users’ needs and industry trends.”

Divisional Head, Business Technology and Digital Innovation, CSCS Plc, Tobe Nnadozie, added, “The Custodian Portal aligns with CSCS’s drive to automate the market. In addition to the normal features, the platform is a part of an omnichannel platform for custodians, which includes API services. It also connects to the market-wide workflow, which CSCS has built to ensure secure communication and approvals across all major stakeholders in the market. The platform is well secured with best-of-breed cybersecurity solutions and our SOC.”

Designed with user experience in mind, the portal features tools like portfolio viewing and downloads in PDF or Excel format, tracking of stock movements across date ranges, inbox messaging and request tracking, and robust user management capabilities, including role assignment and status tracking.

The Custodian Portal reinforces CSCS’s commitment to leveraging technology to streamline back-office functions and support a more agile, data-driven capital market ecosystem.

The CSCS said that all custodians in the Nigerian capital market have now been successfully onboarded on the Custodian Portal, marking a significant milestone in CSCS’s ongoing drive to enhance collaboration, standardise operational processes, and promote digital adoption across the market.