SEC Advocates Transition to T+2 Settlement Cycle for Market Efficiency
Emomotimi Agama, the Director General of the Securities and Exchange Commission (SEC) in Nigeria, highlighted the benefits of transitioning from a T+3 to a T+2 settlement cycle in the capital market. This move is seen as a significant step towards aligning Nigeria's market with global best practices, improving competitiveness, reducing risks, and strengthening investor confidence.
The shorter settlement cycle will minimize market exposure, lower default risks, improve liquidity, and attract foreign investments. Agama emphasized the importance of keeping the market competitive and ready for the future through efficient settlement systems.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
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