Nigeria’s capital market is set for a major efficiency upgrade as regulators shift to a faster settlement system.
The Securities and Exchange Commission (SEC) has announced that Nigeria will officially move from a T+3 to a T+2 settlement cycle for equities on Friday, November 28, 2025. The shift aligns the Nigerian capital market with global best practices, improves liquidity, and reduces counterparty risk.
The SEC stated that the transition follows months of preparation and successful industry-wide testing, with the CSCS Plc confirming full operational and technical readiness.
Under the new timeline, trades executed on November 28 will settle on December 2, while trades made before that date will still follow the T+3 schedule. Notably, November 27 trades will also settle on December 2, overlapping with the first T+2 batch.
The Commission reaffirmed its commitment to building a more modern, transparent, and competitive market and promised continued engagement with stakeholders to strengthen Nigeria’s appeal to global investors.
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