The Securities and Exchange Commission (SEC) has announced that the Nigerian capital market will transition to a T+2 settlement cycle for equities transactions from November 28, 2025. This means that trades will be settled two days after the transaction date, instead of the current three days.

The Commission stated that the move is designed to align with global best practices and enhance market efficiency. The transition is expected to provide investors with quicker access to funds, enhance market liquidity, and reduce counterparty risk exposure, fostering a more stable and resilient market environment.

The Central Securities Clearing System (CSCS) has conducted extensive testing with market participants to ensure seamless operational and technical readiness. Trades executed on November 28 will settle on December 2, while transactions carried out before that date will follow the existing T+3 schedule.

The SEC reaffirmed its commitment to building a modern, efficient, and transparent capital market and will continue to engage stakeholders to drive further improvements and strengthen Nigeria’s position as an attractive investment destination.

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