The Securities and Exchange Commission (SEC) Nigeria on Thursday disclosed that the Nigerian capital market would commence to a T+2 settlement cycle for equities transactions effective from Friday, November 28, in a move aimed at aligning the local equities’ operations with global best practices and enhance market efficiency.
In a statement issued on the planned transition to the new settlement cycle, the capital market regulatory commission confirmed that the transition from the current T+3 (trade date plus three days) settlement cycle had now reached implementation stage following months of preparation and stakeholder engagements.
The SEC management expressed optimism that the “migration is expected to significantly enhance the Nigerian Capital Market by allowing investors quicker access to funds, thereby enhancing overall market liquidity and reducing counterparty risk exposure, thereby fostering a more stable and resilient market environment..
It further clarified: “As the central counterparty, CSCS Plc has dedicated considerable effort and resources to ensure seamless operational and technical readiness throughout the transition”.
- Advertisement -
“Extensive testing with market participants has been successfully conducted without any reported issues, reflecting high confidence in the market’s preparedness for this landmark change”, the SEC added.
With the latest order by the SEC, under the new system, all trades executed on Friday, November 28, 2025, will settle on Tuesday, December 2, 2025, while transactions carried out before that date will continue to follow the existing T+3 schedule.
This implies that trades executed on Thursday, November 27, will also settle on December 2, coinciding with the first batch of T+2 settlements.
The commission reaffirmed its commitment to building a modern, efficient, and transparent capital market and assured that it would continue to engage all stakeholders in the investment space to further improve and strengthen Nigeria’s position as an attractive investment destination in Sub-Saharan Africa (SSA), and indeed globally.
