CSCS Implements T+2 Settlement Cycle in Nigerian Capital Market
The Central Securities Clearing System Plc (CSCS) has officially implemented the T+2 settlement cycle in the Nigerian capital market starting November 28, 2025. This move signifies a major step towards enhancing operational efficiency, market liquidity, and reducing counterparty risks.
Haruna Jalo Waziri, the Managing Director and CEO of CSCS, expressed confidence in the successful commencement of the T+2 settlement cycle, highlighting the collaborative efforts with market stakeholders and rigorous testing. The transition to T+2 is expected to improve investor experience, ensure quicker access to funds, and align Nigeria's capital market with global best practices.
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