Nigerian SEC to Implement T+2 Settlement Cycle in Capital Market from Nov. 28

The Securities and Exchange Commission (SEC) in Nigeria is set to introduce the T+2 settlement cycle in the capital market from November 28, 2025, to align with global best practices. This move aims to improve market efficiency, enhance liquidity, and reduce counterparty risk exposure.

The transition from the current T+3 trade date to T+2 settlement will involve stakeholder testing and extensive market participation. The new system will settle trades executed on Friday, November 28, 2025, on Tuesday, December 2, 2025, marking a significant milestone in the Nigerian capital market's evolution.

SEC reaffirms its commitment to building a modern and transparent capital market.