Nigeria To Shift To T+2 Securities Settlement Cycle In November
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…