The Central Securities Clearing System (CSCS) Plc has announced its readiness to fully transition to a T+2 settlement cycle on November 28, 2025, marking a major milestone in the evolution of Nigeria’s capital market operations.
The announcement was made during a stakeholder webinar themed “Trade Associations: Ensuring Stakeholders’ Readiness for T+2 Settlement System.”
In his opening remarks, the Managing Director/CEO of CSCS, Haruna Jalo-Waziri, reflected on the organisation’s 26-year journey since inception, noting that CSCS was established to mitigate settlement risks and enhance post-trade efficiency. He stated that adopting the T+2 cycle—which settles trades two business days after the transaction date—will align Nigeria’s market with international standards, improve liquidity, and reduce systemic risk.
Jalo-Waziri expressed appreciation to the Securities and Exchange Commission (SEC) for its regulatory support and openness to innovation, as well as to the NGX Group Plc and trade associations for their collaboration in ensuring a smooth transition.
Also speaking, the Chairman of CSCS, Temi Popoola, commended the organisation’s investment in technology and infrastructure, noting that significant resources had been deployed to guarantee operational readiness. He said CSCS had conducted rigorous stress tests under high-volume and adverse market conditions, confirming the system’s ability to handle the T+2 environment with robust redundancy and fallback mechanisms.
The T+2 settlement cycle is expected to enhance market confidence, attract foreign investment, and position Nigeria’s capital market for greater integration into the global financial ecosystem.
