CSCS Implements T+2 Settlement Cycle in Nigerian Capital Market
The Central Securities Clearing System Plc (CSCS) in Nigeria has introduced a T+2 settlement cycle in the capital market, transitioning from the previous T+3 cycle. This move, effective from November 28, aims to modernize Nigeria's post-trade infrastructure in line with global best practices.
CSCS collaborated with regulatory bodies like the Securities and Exchange Commission (SEC), the Nigerian Stock Exchange (NSE), and key market players to ensure a smooth implementation. The initiative is expected to boost operational efficiency, increase market liquidity, reduce counterparty risks, and improve investor experiences, positioning Nigeria competitively in the global capital market landscape.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
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