Contact us on 0700 CALL CSCS (0700 2255 2727) or [email protected]

Charges and Fees

Below are the fees and charges that apply to all CSCS PLC product and services effective from January 1, 2025

SERVICESCURRENT PRICE (₦)FREQUENCY
SETTLEMENT SERVICES
ASpecial Services
1Special Account-Individual Onboarding₦10,000 + 7.5% VATOne-off payment
2Special Account-Family Onboarding₦15,000 + 7.5% VAT
3Special Account-Corporate Onboarding₦20,000 + 7.5% VAT
4Individual Renewal₦7,280 + 7.5% VATAnnually
5Family Renewal₦14,560 + 7.5% VAT
6Corporate Renewal₦19,500 + 7.5% VAT
7Asset Managers Member Code Creation₦72,800 + 7.5% VATOne-off payment
8Asset Managers Member Code Renewal₦72,800 + 7.5% VATAnnually
BBrokerage Services
1Broker Code Creation (NGX)₦145,600 + 7.5% VATOne-off payment
2Broker Code Creation (NASD)₦145,600 + 7.5% VAT
3Broker Code Creation (LCFE)₦145,600 + 7.5% VAT
4Broker Code Renewal (All Markets)₦36,400 + 7.5% VATAnnually
5Market Maker Creation (Equities)₦56,000 + 7.5% VATOne-off payment
6Market Maker Renewal (Equities)₦20,000 + 7.5% VATAnnually
7Brokers outstanding KYC with balance₦15 Per Kilobyte(kb) + 7.5% VATPer request
8Change of Mandates₦2,500 + 7.5% VAT
CCustodian Services
1Custodian Member Code Creation₦72,800 + 7.5% VATOne-off payment
2Custodian Member Code Renewal₦72,800 + 7.5% VATAnnually
3Creation of Custodian Segregated main & trading account₦36,400 + 7.5% VATOne-off payment
4Issuance & Cancellation of GDR₦1,300 Per Detachment (inter) + 7.5% VATPer request
5Redistribution of Shares₦1,300 Per Detachment (inter) + 7.5% VAT
6Separation of Assets₦1,300 Per Per Transfer + 7.5% VAT
7Change of Global custodian₦1,300 Per Per Transfer + 7.5% VAT
8Change of Domestic custodian₦1,300 Per Transfer + 7.5% VAT
9Custodian Nominee Engagement & Disengagement0.03% of the Market Value of Shares
10Change of Name for Custodians₦2,500 + 7.5% VAT
11Custodian Daily Balance₦250,000 + 7.5% VATAnnually
12Linking & De-linking of Custodian trading₦1,300 Per Linking/De-linking of Stockbroking Firm + 7.5% VATPer request
DFixed Income Instruments
1Distribution of securities by Debt Management Office(DMO)₦84 per unit holder + ₦4 for alert on both fees + 7.5% VATOne-off payment
2OTC Trades Transaction fee₦15 per million buy & sell + 7.5% VAT
3Account Creation on S4₦1,000 + 7.5% VATPer account
4Transfers on S40.03% of value transferred + 7.5% VATPer request
5Distribution of commercial papers₦2,500 per unit holder + 7.5% VATOne-off payment
COLLATERAL MANAGEMENT SERVICES
1Equity (Onboarding)0.25% of Total Value of Security (₦20,000 minimum) + 7.5% VAT per annumPer request
2Bond (Onboarding)0.25 % of Total Value of Security (₦20,000 minimum) + 7.5% VAT per annum
3Equity/Bond(Renewal)0.25% of Total Value of Security + 7.5% VAT per annumAnnually
4Merger of Creditor membership code₦650,000 + 7.5% VATOne-off payment
PARTICIPATION FEE
1Settlement Bank Participation Fee (onboarding)₦15.6million + 7.5% VATOne-off payment
2Settlement Bank Participation Fee (renewal) ₦1,456,000 + 7.5% VATAnnually
3Receiving Bank Participation Fee (Non Settlement Bank onboarding)₦7.8million + 7.5% VATOne-off payment
4Receiving Bank Participation Fee (Non Settlement Bank Renewal₦728,000 + 7.5% VATAnnually
5Stockbroking Firms Eligibility Fee (NGX)₦36,400 + 7.5% VAT
6Stockbroking Firms Eligibility Fee (NASD)₦36,400 + 7.5% VAT
7Stockbroking Firms Eligibility Fee (LCFE)₦36,400 + 7.5% VAT
ONLINE SUBSCRIPTION SERVICES
1Margin Account (Per Trading/Main Account)₦78,400 + 7.5% VATAnnually
2Special Account - Custodian₦78,400 + 7.5% VAT
3Market Maker₦78,400 + 7.5% VAT
4Stockbroking Firms - NGX (Portfolio View)₦78,400 + 7.5% VAT
5Special Account - Family₦10,000 + 7.5% VAT
6Special Account - Corporate₦20,000 + 7.5% VAT
7Special Account - Individual₦5,000 + 7.5% VAT
8Corporate Investor Plus (30Milloin and above)₦78,400 + 7.5% VAT
9Corporate Investor₦10,000 + 7.5% VAT
10Individual Investor₦5,000 + 7.5% VAT
11Stockbroking - NASD (Portfolio View)₦39,200 + 7.5% VAT
12E-Bonus (Stockbrokers/Custodians)₦78,400 + 7.5% VAT
13Issuer's portal₦420,000 + 7.5% VAT
HARD COPY PRINTING, SHARE CERTIFICATES RELATED AND ANCILLARY SERVICES
1Stock position statement₦700 + 7.5% VATPer request
2Stock portfolio valuation ₦1,500 + 7.5% VAT per page
3Stock position statement (Collateral A/c)₦1,500 + 7.5% VAT per page
4Global Search ₦1,500 + 7.5% VAT
5Transaction History₦700 + 7.5% VAT per page
6Client Portfolio₦21,000 + 7.5% VAT
7All clients account on each symbol₦700 + 7.5% VAT per pagePer symbol
8Bank net position each day₦78,400 + 7.5% VATDaily
9Daily Trade (Soft Copy) via E-mail or Reg connect - per symbol/month₦39,200 + 7.5% VAT per annumPer symbol/month
10Daily Trade (Soft Copy) via E-mail or Reg connect₦1,960 + 7.5% VAT per annumPer symbol/day
11Certificate Request/Rematerialization₦2,500 + 7.5% VATPer request
REGISTRAR SERVICES
1Private placement0.0075% of Total Value of SecurityPer request
2Scrip Dividend0.0125% of Total Value of Security
3Tender Offer0.3% of Total units tendered
4Right Issue0.0075% of value of the additional shares
5Reconstruction of security₦350,000One-off payment
6Processing Fee for (Stock Split)0.0075% of value of the additional sharesPer request
7Processing Fee for (Reverse Stock Split)₦100Per Account
8E-Reconstruction of Security0.0125% of Total Value of Security + 7.5% VATPer request
9E-merger of securities0.0075% of value of the shares
10Cross-boarder share transfer (NewGold - Incoming)₦6,000Per Transfer
11Cross-boarder share transfer (NewGold - Out-going)₦12,000
12E-lodgment₦5,600Per request
ACCOUNT SERVICES
1Inter-member Transfer₦1,500 per request per day
₦72,800 applicable bulk account transfer request
2Change of Name₦1,000 + 7.5% VATPer investor
3Change of Account Details₦1,000 + 7.5% VAT
4Change of Address₦1,000 + 7.5% VAT
5Change of Bank Account Details₦1,000 + 7.5% VAT
6Merging of Accounts / CHN Consolidation₦1,000 + 7.5% VAT
7Conversion of Account₦5,000 + 7.5% VAT
8Account opening for brokers (Broker's portal₦20,000 + 7.5% VAT
9Account opening for Registrars₦20,000 + 7.5% VAT
10Brokerage Nominee Engagement & Disengagement0.03% of Market Value of Shares + 7.5% VAT
OPERATIONAL BULLETIN & REPORTING
1Legal Entity Identifier subscription₦39,200 + 7.5% VATOne-off
2Legal Entity Identifier subscription (RENEWAL)₦19,600 + 7.5% VATAnnual
3ISIN Issuance and Symbol Creation (All assets except Commercial Papers and Corporate Bonds)₦350,000 + 7.5% VATOne-off
4ISIN Issuance and Symbol Creation (All assets except Commercial Papers and Corporate Bonds)₦350,000 + 7.5% VAT
5ISIN Issuance for DMO₦70,000 + 7.5% VATPer Request
6ISIN Issuance for CBN₦35,000 + 7.5% VAT
7Listing fee for all Asset0.0075% of the notional amount or corporate and non-corporate mediumOne-off
8ISIN Symbol Modification₦140,000 + 7.5% VAT
9Delisting of Symbol/ISIN code₦100,000 + 7.5% VAT
RESOLUTION AND QUALITY ASSURANCE
1Global Search for Judiciary0.5% of total securities per accountPer Request
2Stock position & Stock valuation report for Judiciary0.5% of total securities per accountPer Account
3Transaction & Trade History for Judiciary0.5% of total securities per accountPer security
START-UP OPERATIONS
1Coupon Payment services₦35 per recordPer Request
2WHT on Dividend Service (OGIRS)Minimum 5% of Withholding tax collected for statePer remittance
API SERVICES
1Account Opening Service (Direct Integration)₦280,000 + 7.5% VATOne-off payment
2Single Portfolio View (Integration fee)₦280,000 + 7.5% VAT
3Single Portfolio View (Subscription fee)₦140 + 7.5% VAT Per month
TRANSACTION FEES
1CSCS Plc Fee NGX0.3% on Sales + 7.5% VATPer transaction
2CSCS Plc Fee NASD0.2% on Sales/Buy + 7.5% VAT
3CSCS Plc Fee LCFE0.2% on Sales/Buy + 7.5% VAT
4Trade Alert NGX₦10 + 7.5% VAT
5Nominal Transfer0.3% of Market Value of Shares + 7.5% VAT
6Quoted Companies - Listing fee0.0075% of Market Capitalization to be listedOne-off
7Quoted Companies -Depository Fees0.0125% of Market Capitalization as at Last Trading Day of the preceding year + 7.5% VATAnnually
services
WHAT WE DO
our-people
OUR PEOPLE
investor-relations
INVESTOR RELATIONS

Disclaimer

Online Portfolio Management View is a service aimed at providing investors with access to view their respective stock portfolio in addition to services provided by intermediary stockbrokerage firms. We ask that you ensure that all devices used to access the Service are adequately protected from malware and viruses. You must also take care to secure and maintain the confidentiality of your password and log-in information. CSCS shall not bear any responsibility and or be liable for any unauthorized access to your information on the Application using your log-in details.

Continue to Portal

Disclaimer

Online Portfolio Management View is a service aimed at providing investors with access to view their respective stock portfolio in addition to services provided by intermediary stockbrokerage firms. We ask that you ensure that all devices used to access the Service are adequately protected from malware and viruses. You must also take care to secure and maintain the confidentiality of your password and log-in information. CSCS shall not bear any responsibility and or be liable for any unauthorized access to your information on the Application using your log-in details.

Continue to Portal

Disclaimer

Online Portfolio Management View is a service aimed at providing investors with access to view their respective stock portfolio in addition to services provided by intermediary stockbrokerage firms. We ask that you ensure that all devices used to access the Service are adequately protected from malware and viruses. You must also take care to secure and maintain the confidentiality of your password and log-in information. CSCS shall not bear any responsibility and or be liable for any unauthorized access to your information on the Application using your log-in details.

Continue to Portal

Disclaimer

Online Portfolio Management View is a service aimed at providing investors with access to view their respective stock portfolio in addition to services provided by intermediary stockbrokerage firms. We ask that you ensure that all devices used to access the Service are adequately protected from malware and viruses. You must also take care to secure and maintain the confidentiality of your password and log-in information. CSCS shall not bear any responsibility and or be liable for any unauthorized access to your information on the Application using your log-in details.

Continue to Portal

Disclaimer

Online Portfolio Management View is a service aimed at providing investors with access to view their respective stock portfolio in addition to services provided by intermediary stockbrokerage firms. We ask that you ensure that all devices used to access the Service are adequately protected from malware and viruses. You must also take care to secure and maintain the confidentiality of your password and log-in information. CSCS shall not bear any responsibility and or be liable for any unauthorized access to your information on the Application using your log-in details.

Continue to Portal