The Central Securities Clearing System PLC , a subsidiary of the Nigerian Stock Exchange, says it will increase automation efficiencies in the Nigerian Capital Market.
This is coming on the back of appointment of a substantive CEO, Haruna Jalo Waziri, to run the Central Depository Company.
According to plans, the CSCS will deploy a world class multi asset class solution for securities and clearing settlement.
The new technology device will replace the Nasdaq equator which has been in use since 1997 when the company was formed.
Meanwhile, the Board of the Central Securities Clearing System wants the new CEO to enhance the company’s revenue base and alliances among other Depositories across Africa.