The Central Securities Clearing System (CSCS) has partnered with MTN Nigeria to launch a USSD code aimed at making access to capital market information more convenient.
Revealed in a statement on Monday, the *7270# USSD code, set to go live by May 8th, 2025, is designed to enhance the accessibility of investment services for investors across the country.
The service leverages MTN Nigeria’s network infrastructure to provide nationwide access, promoting financial inclusion by reaching users even in areas with limited internet connectivity.
With no need for internet access, the USSD service allows Nigerians to access a range of investment-related functions, including retrieving their Clearing House Numbers, checking Direct Cash Settlement status, viewing stock positions, and confirming account balances and statuses.
The service will initially be available to MTN users only, with plans to expand to other mobile networks in the near future.
Commenting on the partnership with MTN, Haruna Jalo-Waziri, managing director/chief executive officer of CSCS stated:
“We are excited to launch the *7270# USSD code service, a significant step in leveraging mobile technology to democratize access to account and portfolio information.
“This service empowers every investor, regardless of their location or resources, to stay informed about their investments. At CSCS, we believe that financial inclusivity is key to driving economic growth.”
Aisha Mumuni, chief digital officer of MTN Nigeria, emphasized the importance of the service as it simplifies the access process for the network provider users, giving them access to the capital market and enhancing investor engagement.
The initiative is in line with CSCS’s commitment to revolutionize information access within the Nigerian Capital market, making it easier for Nigerians to stay informed about their financial assets.
