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.