The Central Securities Clearing System has reported securities transactions worth N2.112tn executed between May and August 2025, reflecting a 138.44 per cent increase compared to N885.93bn recorded in the same period of 2024.
According to CSCS data, the four-month total covered 95.66 billion units of securities executed across 2,063,939 deals, higher than the 67.68 billion units and 770,217 deals recorded in the corresponding period of 2024. This represents a 41.34 per percent rise in transaction volume and a 167.97 per cent surge in the number of deals on a year-over-year basis.
A month-by-month breakdown showed that May 2025 recorded N362.34bn in transactions, which rose slightly to N393.65bn in June and peaked at N910.31bn in July before closing at N446.08bn in August. Securities volume for the same period stood at 19.28bn units in May, 14.85bn in June, 35.34bn in July, and 26.19bn in August.
Deals executed followed a similar upward trend, hitting 378,967 in May, 370,174 in June, 649,996 in July, and 664,802 in August.
In comparison, settlement values for the same months of 2024 stood at N189.38bn in May, N233.24bn in June, N259.19bn in July, and N204.11bn in August. Securities volume during that period included 9.28bn units in May, 27.57bn in June, 14.52bn in July, and 16.31bn in August. The number of deals stood at 180,555 in May, 184,072 in June, 203,769 in July, and 201,821 in August.
CSCS, the country’s premier clearing and settlement infrastructure, has received support from capital market regulators and stakeholders for its planned migration to a T+2 settlement cycle, effective November 28, 2025. The T+2 settlement system will ensure that trades are settled two business days after execution, instead of the current three-day cycle.
The company said the transition would boost market efficiency, reduce counterparty risk, and align Nigeria’s capital market with global best practices, bringing it in line with advanced markets such as Japan, the United Kingdom, and Switzerland.
As part of its ongoing reforms, CSCS has been upgrading its core digital infrastructure, including the Brokers Portal, RegConnect, Custodian Portal, and Regulators Portal. The company said this is backed by comprehensive infrastructure upgrades and a review of operational processes to enhance efficiency and reliability.
To widen access, CSCS introduced its USSD code service that allows investors to retrieve their Clearing House Number, check Direct Cash Settlement status, view stock positions and account balances, and confirm account status without internet connectivity.
Commenting on the initiative, the Managing Director/Chief Executive Officer of CSCS, Haruna Jalo-Waziri, said the service demonstrates the organisation’s commitment to broadening investor access.
