Nigeria CSD Problems

Joe MekiliuwaDeputy General Manager

• CSCS Ltd commenced operations on April 14, 1997. As a unique company in the Nigerian capital market, it had to evolve over a period of time. Since its inception the company has gone through various levels of development especially in the areas of operational procedures to meet optimal results and international standards.

• As a dynamic organisation our procedures will continue to be reviewed to keep pace with current challenges and to provide best practices and services.

• However, the following are our current

challenges:

• Reluctance of other Stakeholders to support full Dematerialisation

• Multiple Clearing House Numbers (CHN)• Meltdown effect• Apathy to investment in shares• Alternative Sources of Revenue• Backup procedure/Business continuity plan

Thank You