Lagos, Nigeria – The Central Securities Clearing System (CSCS) has implemented a sweeping overhaul of its fee structure for 2026, marking a decisive shift toward institutional clients and value-based pricing, with some charges surging by over 3,000 percent.
Okay News reports that OTC trade fees jumped from N15 per million to N500 per million (approximately $0.01 to $0.32 per million), representing a 3,233 percent increase. Custody-related charges moved from a flat fee of N1,300 to 0.03 percent of transaction value, while custodian code creation rose 243 percent to N250,000.
Corporate onboarding fees surged 400 percent to N100,000, and margin account onboarding jumped 300 percent to N200,000. Retail investors face moderate increases, with stock statement fees rising 43 percent to N1,000 and change of name fees doubling to N3,000.
The changes affect everything from account onboarding to fixed income trading, signalling a strategic shift to boost revenue. This CSCS fee hike represents a significant increase in transaction costs for market participants, particularly institutional clients.
