Nigeria's Capital Market Adopts T+2 Settlement Cycle for Enhanced Efficiency

Nigeria's Securities and Exchange Commission (SEC) has announced the migration of the capital market to a T+2 settlement cycle, where trade settlement will be completed within two business days. This move is designed to align with global standards, improve market efficiency, provide quicker access to funds for investors, enhance market liquidity, and reduce counterparty risk exposure.

The Central Securities Clearing System (CSC) Plc is ensuring seamless operations and technical readiness for this transition. The adoption of the T+2 settlement cycle is expected to significantly enhance Nigeria's capital market and foster a stable and resilient market environment.