What Is a CSCS Account?
A CSCS account is an electronic account that records the Nigerian shares you own in the Central Securities Clearing System. CSCS is Nigeria's central securities depository and clearing house for shares traded on the Nigerian Exchange (NGX).
CSCS Account. A CSCS (Central Securities Clearing System) account is an electronic account that holds your Nigerian shares as a dematerialised record, assigned to you under your CHN number.
Why CSCS exists
Before CSCS, Nigerian investors held physical paper share certificates. This created risk — certificates could be lost, forged, or stolen. CSCS was established in 1997 to dematerialise Nigerian securities, meaning all holdings are stored as electronic records instead of paper certificates.
How a CSCS account is opened
A CSCS account is typically opened by your stockbroker on your behalf when you begin investing. It is linked to your Clearing House Number (CHN). When you buy shares through a regulated broker — as Shares Saver does — your CSCS account is credited with those shares.
How to access your CSCS account information
You can check your CSCS account information through your stockbroker or investment platform, which can provide your CHN and a portfolio statement. Registered investors may also use the official e-CSCS investor portal after setting up online access with the CSCS; a broker can assist if access has not yet been registered.
What a CSCS account holds
Your CSCS account contains the electronic records of all NGX-listed shares you own. It shows the company name, number of shares, and transaction history. It is the official record of your shareholding.
CSCS and direct share ownership
When you buy shares through Shares Saver, the shares are purchased and registered in your name through your CSCS account. This is direct ownership — not a pooled balance or nominee structure. Your name appears in the company's shareholder register.
Questions
About cscs account
This article is for general information and educational purposes only. It does not constitute financial advice, investment advice, legal advice, or tax advice. The value of investments can fall as well as rise. Seek independent regulated financial advice before making any investment decision. Shares Saver does not provide financial advice.
Own shares in your name
Start from ₦10,000 a month. Pause whenever you like.