The Securities and Exchange Commission (SEC) in Nigeria is set to officially transition to a T+2 settlement cycle for equities transactions from Friday, November 28, 2025.
The Commission said the move is to align the Nigerian capital market with global best practices and enhance market efficiency.
“Migration is expected to significantly enhance the Nigerian Capital Market by allowing investors quicker access to funds, thereby enhancing overall market liquidity and reducing counterparty risk exposure, thereby fostering a more stable and resilient market environment,”the Commission said.
It stated that the transition from the current T+3 (trade date plus three days) settlement cycle is now at the implementation stage following months of preparation and stakeholder testing.
The Commission further said that “As the central counterparty, CSCS Plc has dedicated considerable effort and resources to ensure seamless operational and technical readiness throughout the transition.
“Extensive testing with market participants has been successfully conducted without any reported issues, reflecting high confidence in the market’s preparedness for this landmark change. “
Under the new system, all trades executed on Friday, November 28, 2025, will settle on Tuesday, December 2, 2025, while transactions carried out before that date will continue to follow the existing T+3 schedule.
This means that trades executed on Thursday, November 27, will also settle on December 2, coinciding with the first batch of T+2 settlements.
The Commission reaffirmed its commitment to building a modern, efficient, and transparent capital market, adding that it would continue to engage stakeholders to drive further improvements and strengthen Nigeria’s position as an attractive investment destination.
Victoria Ibanga