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Nigerian CSD: derivatives, CCP and securities lending in 2014

At Nigeria's third Capital Market Committee retreat this week, the head of the country's central securities depository reports on progress liberalising the market - and dealing with unclaimed dividends

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The launch of an exchanged-traded derivatives market in Nigeria is planned for Q4 2014, with the creation of a central counterparty (CCP) on schedule to be finished next year, while securities lending is set to begin properly in January, according to the head of Nigeria's central securities depository.

Speaking from the third retreat of the Capital Market Committee (CMC), at which Nigerian market

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