Access to investment services in Nigeria is about to become easier for millions of people. The Central Securities Clearing System (CSCS) has partnered with MTN Nigeria to launch a USSD code that brings investment tools directly to mobile phones. The code, *7270#, will go live on May 8, 2025, and will be available first to MTN users.

The new service is designed to help investors check their account and portfolio information without needing internet access. This means that even people in rural or low-connectivity areas can stay informed about their investments. The service runs through a simple USSD code, so no smartphones or apps are required.

According to Haruna Jalo-Waziri, the CEO of CSCS, the launch is a major step toward making the capital market more accessible. “We are excited to launch the USSD code service, a step in leveraging mobile technology to democratize access to account and portfolio information,” he said. “This service empowers every investor, regardless of their location or resources, to stay informed about their investments.”

By using MTN’s wide network, CSCS aims to reach a large number of users across Nigeria. Jalo-Waziri also added, “Our partnership with MTN Nigeria on this project represents a significant leap toward a more inclusive financial landscape.”

Aisha Mumuni, MTN Nigeria’s Chief Digital Officer, also spoke on the collaboration. “This collaboration with CSCS underscores MTN’s commitment to harnessing mobile technology to simplify complex processes for our users, helping to democratize access to the capital markets and enhance investor engagement,” she said.

While the service will launch on MTN, there are plans to extend it to other mobile networks soon.

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