NGX Introduces Shorter Settlement Cycle for Stock Investors, Boosts Market Efficiency
The Nigerian Exchange (NGX) has implemented a new settlement cycle for equity trades, reducing the wait time for investors to access funds and shares quickly. This move shifts the settlement to a T+1 basis, allowing for faster transactions and ownership reflection.
The upgrade aims to boost investor confidence, particularly among retail traders, by providing quicker access to capital reinvestment. The new system is expected to increase market participation, strengthen Nigeria's competitive investment position, and reduce counterparty risks.
Plus234Feed summary based on reporting from The Will. Read the original report below.
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