CSCS launches 7270# USSD code to empower Nigerian investors

DDM News

(DDM) – The Central Securities Clearing System (CSCS) Plc has unveiled a new Unstructured Supplementary Service Data (USSD) code, *7270#, aimed at simplifying capital market transactions for Nigerian investors and boosting accessibility across the country.

DDM gathered that the innovation, launched in partnership with MTN Nigeria, will allow investors to view their investments and recent transactions directly from their mobile phones without requiring internet access or smartphones.

This is expected to benefit millions of market participants, particularly those in rural and underserved communities where internet penetration is low.

According to CSCS, the USSD code is part of its broader strategy to deepen Nigeria’s capital market, enhance transparency, and promote financial inclusion.

By leveraging simple mobile technology, the clearing house aims to make market participation more seamless and attractive to both experienced and first-time investors.

In a statement, CSCS explained that with the *7270# service, users can instantly retrieve vital information about their holdings and monitor changes in their portfolio.

The move eliminates the traditional reliance on internet-enabled devices or broker updates, placing market data “in the palm of the investor’s hand.”

“The USSD service supports our broader mission to enhance financial inclusion by ensuring that every investor, regardless of location or digital literacy, can stay updated on their investments,” the company stated.

“It also reinforces our strategic focus on using technology to improve transparency, efficiency, and user experience across the Nigerian capital market.”

Industry experts say the new service could transform how ordinary Nigerians interact with the market, especially as financial technology adoption continues to grow nationwide.

Nigeria’s mobile penetration exceeds 100 million active users, but only a fraction actively participate in the stock market, often due to perceived barriers to entry and limited access to investment data.

CSCS noted that the USSD code is especially relevant for retail investors in remote regions, where internet connectivity is unreliable, and mobile network services remain the most dependable communication channel.

“This innovation is not just about technology,” a CSCS spokesperson explained.

“It’s about empowering investors, enabling them to make informed decisions, and ultimately strengthening market confidence.”

The development aligns with Nigeria’s ongoing drive toward digitising its financial ecosystem, a move supported by regulators, capital market operators, and the private sector.

With services like *7270#, the hope is to attract new entrants into the market while maintaining trust among existing investors.

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