The Central Securities Clearing System (CSCS) has officially unveiled a strategic collaboration with MTN Nigeria to launch the new USSD code *7270#, set to go live on May 8, 2025.

This initiative is designed to dramatically simplify access to vital investment services by allowing investors to retrieve key market and account details directly through their mobile phones, without the need for internet connectivity or specialized trading platforms.

According to CSCS, the service will initially be available exclusively to MTN subscribers, though there are plans to extend the functionality to other mobile networks in the future.

With *7270#, investors can retrieve their Clearing House Number (CHN), check the status of their Direct Cash Settlement (DCS), view stock holdings, account balances, and confirm their account status, all from a simple mobile interface.

Haruna Jalo-Waziri, Managing Director and Chief Executive Officer of CSCS, emphasized the significance of this launch in boosting financial accessibility across Nigeria.

“We are launching the *7270# USSD code service as part of our efforts to make account and portfolio information more accessible,” Jalo-Waziri said.

“This service allows any investor, regardless of location or available resources, to stay updated on their investments.”

He further highlighted the importance of leveraging strong mobile partnerships to widen the reach of financial services.

“Our partnership with MTN Nigeria reflects our intention to use existing infrastructure to reach more investors. By working with MTN, we aim to offer a straightforward and accessible way for users to interact with their investment accounts,” he added.

From MTN Nigeria’s side, Aisha Umar Mumuni, Chief Digital Officer, expressed enthusiasm over the collaboration, aligning it with MTN’s broader mission of service simplification.

“By providing investment information through a USSD code, we hope to support broader access to capital markets and make it easier for users to stay informed,” she stated.

CSCS serves as Nigeria’s Central Securities Depository (CSD), tasked with maintaining electronic records of securities traded on the Nigerian capital market.

Through its book-entry system, CSCS digitally records shares, unitized funds, bonds, and treasury bills, reducing the risks tied to physical certificates such as duplication, forgery, and loss.

This system ensures enhanced security, transparency, and ease of transactions for all market participants.

As the May 8 launch approaches, CSCS and MTN Nigeria are positioning this service as a game-changing step in democratizing access to market information, empowering investors across the country to manage their portfolios more confidently and efficiently.