Nigeria's SEC Implements T+2 Settlement Cycle to Boost Market Efficiency

Nigeria's Securities and Exchange Commission (SEC) has announced the official transition to a T+2 settlement cycle for equity transactions in the capital market from November 28, 2025. This move aims to align Nigeria with global best practices, improve market efficiency, enhance liquidity, and strengthen investor confidence.

The transition from the current T+3 trade date plus three-day cycle to T+2 settlement is a significant step towards a more efficient and competitive capital market in Nigeria. The SEC's migration to the new settlement framework, with trade execution starting on November 28, will settle on December 2, 2025.

The Central Securities Clearing System (CSC) Plc will serve as the market's central counterparty to ensure operational and technical readiness. The SEC reaffirms its commitment to building a modern, transparent, and globally competitive market to attract both domestic and international investors.