In demonstration of its commitment to deepening the Nigerian capital market and making investment in the ecosystem seamless and more attractive, the Central Securities Clearing System (CSCS) Plc introduced its Unstructured Supplementary Service Data (USSD) code service.
The quick code, Business Post gathered, is also part of the innovations the company is deploying to boost market accessibility and make capital market access easier, faster, and more inclusive.
The USSD code service is *7270# and can be used by investors to view their investments on the go even without data on feature phones.
The *7270# USSD code service was developed by CSCS in collaboration with MTN Nigeria, the leading telecommunications firm in the country.
CSCS disclosed that with this simple code, investors can now retrieve vital information about their holdings and recent transactions directly from their mobile phones, and no internet access is required.
This is particularly significant for investors in underserved and remote areas and without access to smartphones or stable internet connections, it noted.
“The USSD service supports our broader mission to enhance financial inclusion by ensuring that every investor, regardless of location or digital literacy, can stay updated on their investments.
“It also reinforces our strategic focus on using technology to improve transparency, efficiency, and user experience across the Nigerian capital market,” the company disclosed.
“Whether you’re checking your portfolio on the go or helping a client stay informed, *7270# puts market information in the palm of your hand, securely, instantly, and with zero hassle,” it added.