The Central Securities Clearing System (CSCS) has confirmed that Nigeria’s capital market will move to a T+2 settlement cycle on 28 November, in line with global best practice and a directive from the Securities and Exchange Commission (SEC).
CSCS CEO Haruna Jalo-Waziri described the reform as a “major milestone” that would improve liquidity, cut settlement risks, and strengthen investor confidence.
“The transition to T+2 reflects the collaborative spirit of our ecosystem,” he said. “It aligns the Nigerian capital market with international standards while enhancing efficiency and resilience.”
The change follows a multi-phase review led by the Settlement Cycle Review Committee, which developed an implementation framework to ensure a smooth transition.
To sensitise stakeholders, CSCS and SEC will host a virtual webinar on 10 September, bringing together regulators and exchange leaders under the theme “Advancing Market Efficiency Through T+2 Settlement.”
