Taking bold steps…NCX partners with an industry giant-CSCS as part of efforts to rejig the commodity trading ecosystem. At a monumental MoU signing ceremony, held on Tuesday, March 22nd, 2022. NCX (majorly-owned by the CBN), has solidified its alliance with Central Securities Clearing System (CSCS), the foremost Nigerian Central Securities Depository. Signing on behalf of NCX was Mr. Elenwor Ihua, Interim Coordinator and for CSCS was Mr. Adeyinka Shonekan.
CSCS brings to bear, 25 years experience of financial market infrastructure providing depository, clearing and settlement of transactions (commodity trading inclusive), in the Nigerian Capital Market. The partnership between NCX and CSCS opens up a new vista driven by technology that leverages on existing capabilities of CSCS, to engender the high degree of trust, transparency and confidence needed as NCX kickstarts trading operations. Stay glued as NCX and CSCS revolutionize commodity trading bringing tech value-adds that take trading of commodities to the next century