Nigeria\u2019s capital market is set for a major upgrade as the Securities and Exchange Commission (SEC) moves ahead with the official rollout of the T+2 settlement cycle for equities on Friday, November 28, 2025.<\/p>\n
The shift, long anticipated by market operators, replaces the current T+3 timeline and places Nigeria in line with global trading standards.<\/p>\n
In a statement, the commission confirmed that months of preparation, system upgrades, and industry-wide testing have paved the way for the migration. It described the switch as a critical step toward building a faster, safer, and more efficient market.<\/p>\n
According to the SEC, the new settlement cycle \u201cis expected to significantly enhance the Nigerian capital market by allowing investors quicker access to funds, boosting liquidity and cutting down counterparty risks.\u201d<\/p>\n
The regulator noted that a shorter settlement window often translates to improved confidence, smoother transactions, and a more attractive market for both local and offshore investors.<\/p>\n
The Central Securities Clearing System (CSCS), which serves as the market\u2019s central counterparty, has played a major role in the transition. The commission said CSCS has invested heavily in ensuring that operational and technical systems are fully ready for the change. It stated that \u201cextensive testing with market participants has been successfully conducted without any reported issues,\u201d signalling broad industry readiness.<\/p>\n
Under the new structure, all trades executed on Friday, November 28, 2025, will settle on Tuesday, December 2, 2025. Trades completed before the transition date will still follow the T+3 process. Transactions done on Thursday, November 27, will also settle on December 2, marking the first batch to run concurrently with the new T+2 cycle.<\/p>\n
The commission reiterated its commitment to modernising the market, stressing that the transition is part of ongoing reforms aimed at deepening transparency, strengthening resilience, and positioning Nigeria as a competitive investment destination.<\/p>\n","protected":false},"excerpt":{"rendered":"
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