The Central Securities Clearing System Plc (CSCS) has reaffirmed its commitment to encouraging free flow of information in policy formulation through a strategic partnership with LEADERSHIP Media Group. While making a courtesy visit to LEADERSHIP’s corporate office in Abuja on Wednesday, CSCS Managing Director and CEO, Haruna Jalo-Waziri, highlighted the firm’s drive to update market operations through technology innovations.
Driving Market Innovation Through Technology
Jalo-Waziri emphasized CSCS’s enormous technology investments since 2017 from manual operations to digital solutions. He highlighted the adoption of Indian technology platforms such as TCS, which have improved efficiency and optimized operations.
He highlighted the importance of collaboration between data companies, regulators, and financial institutions to expand market capacity and stability.
Building Confidence in Nigeria’s Financial Markets
As he spoke of the Nigerian Stock Exchange (NSE), Jalo-Waziri called for the need for trust and open communication of financial markets. “For our markets to develop, we must have an anchor of trust between investors, regulators, and stakeholders,” he stated.
Hosting the AMEDA Conference in Lagos
Jalo-Waziri also mentioned that CSCS will be organizing the Africa and Middle East Depositories Association (AMEDA) Annual Conference in Lagos next month. This year’s conference, titled “Shaping the Future: Financial Markets & Infrastructure as Catalysts for Transforming Economies,” will attract industry leaders, policymakers, and financial market stakeholders from across the region.
LEADERSHIP Pledges Support
Consequently, LEADERSHIP Group Vice-Chairman, Michael Okpere, hosted the CSCS delegation and was optimistic that the partnership would improve awareness and openness of financial markets. Likewise, LEADERSHIP’s Group Managing Director, Muazu Elazeh, assured CSCS of the patronage of the media company in an attempt to improve public interaction and communication.
