Nigerian Capital Market Achieves T+2 Settlement Transition Milestone

The Nigerian capital market has achieved a major milestone with the transition to T+2 settlement, aligning with global best practices. Dr. Emomotimi Agama, SEC DG, highlighted the move at the Capital Market Committee meeting, emphasizing reforms to enhance market efficiency and digital transformation.

Despite facing challenges like a steep market decline in November, the market has shown resilience with increased capital raising activities and sustained confidence in regulatory frameworks.