The Central Securities Clearing System (CSCS) Plc and the Nigerian Exchange Limited (NGX) have announced that Nigeria’s capital market will adopt a two-day securities settlement cycle (T+2) effective November 28, 2025.
The transition is expected to enhance market efficiency, reduce counterparty risk, and bring Nigeria’s capital market in line with international best practices.
Speaking during a stakeholder webinar themed “Advancing Market Efficiency through Two-Day Settlement,” Executive Commissioner (Operations) at the Securities and Exchange Commission (SEC), Bola Ajomale, revealed that the Commission is already working toward a shorter settlement cycle.
“The Commission plans to move to a T+1 cycle next year and ultimately target same-day settlement. We urge all market participants to prepare for this shift and adequately engage their clients. This initiative is a critical component of our broader reforms aimed at enhancing global competitiveness,” Ajomale said.
Also speaking, Executive Director representing the Managing Director/CEO of CSCS, Adeyinka Shonekan, noted that extensive groundwork had been carried out to guarantee a seamless transition.
“We have established a stakeholder-driven committee to perform gap analysis and benchmark CSCS processes against global standards. Our priority is to ensure a seamless experience for all market operators,” Shonekan explained.
The adoption of T+2 settlement is expected to strengthen Nigeria’s capital market, making it more attractive to both local and foreign investors.
