SEC Announces Adoption of T+2 Settlement Cycle in Nigerian Capital Market
The Securities and Exchange Commission (SEC) in Nigeria has revealed plans to implement the T+2 settlement cycle for equity transactions, starting on November 28, 2025. This move aims to align with global best practices, improve market efficiency, and reduce counterparty risk exposure.
The migration to T+2 settlement is expected to strengthen the Nigerian capital market, provide faster investor access to funds, enhance market liquidity, and foster a stable and resilient market environment. The SEC commended the Central Securities Clearing System (CSC) Plc for its role as the central counterparty in ensuring a seamless transition.
Market participants have successfully conducted extensive tests, reflecting confidence in the market's readiness for this significant change.
Plus234Feed summary based on reporting from News Online Nigeria. Read the original report below.
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