I’m new to investing and have recently come across a post by Mr Ferry on investing in the Investnaija app, but I’m currently not able to create or generate my CHN and CSCS ACCOUNTS so I can start investing. Any solutions please?
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I’m new to investing and have recently come across a post by Mr Ferry on investing in the Investnaija app, but I’m currently not able to create or generate my CHN and CSCS ACCOUNTS so I can start investing. Any solutions please?
To get your CHN and CSCS number in Nigeria, you cannot create them yourself directly — they are automatically generated after you open an account with a licensed stockbroker. Let me explain clearly. What is CHN / CSCS Number? CHN (Clearing House Number) is a unique number that identifies you as an iRead more
To get your CHN and CSCS number in Nigeria, you cannot create them yourself directly — they are automatically generated after you open an account with a licensed stockbroker.
See lessLet me explain clearly.
What is CHN / CSCS Number?
CHN (Clearing House Number) is a unique number that identifies you as an investor in the Nigerian capital market.
It is issued through the Central Securities Clearing System (CSCS). Central Securities Clearing System
You must have it before buying shares.
According to CSCS, you need to open an account with a stockbrokerage firm before a CSCS account (and CHN) can be created.
How to Get Your CHN & CSCS Number (Step-by-Step)
Step 1 — Open Account With a Stockbroker
Examples:
InvestNaija
Meritrade
Stanbic IBTC Stockbrokers
Chapel Hill Denham
When you fill the account opening form, the broker automatically:
Creates your CSCS account
Generates your CHN number
Links it to your profile
You do NOT apply separately.
Step 2 — Submit Required Documents
Usually:
BVN
Valid ID (NIN, voter’s card, passport, driver’s license)
Passport photo
Bank account details
Phone/email
CSCS requires valid ID and investor details for account capture.
Step 3 — Wait for Account Activation
Processing time: 24 hours to few days
You will receive:
CHN
CSCS account number
Trading account access
Some brokers say you can check your CHN in your profile after setup.
If You Are Using InvestNaija App
Do this:
Download and open app
Tap “Open Account”
Fill personal details
Upload documents
Submit
After approval:
CHN automatically generated
You can start investing
Common Problems & Solutions
Problem 1: “I cannot generate CHN”
Solution:
You haven’t completed KYC
Upload ID + BVN properly
Problem 2: “App not creating CSCS”
Solution:
Contact broker support
Or register through website version
Problem 3: “Already have shares”
You can:
Request broker to link existing CHN
Important Note
You cannot open CHN directly with CSCS It must be:
Through stockbroker
Or investment app linked to broker
This is official process.
Simple Analogy
Think of:
Stockbroker = Bank branch
CSCS = Central vault
CHN = Account number
You open through broker, but your shares are stored safely in CSCS.