The Central Securities Clearing System Plc and the Nigerian Exchange Limited announced on Wednesday that the nation’s capital market will move to a two-day securities settlement cycle, effective November 28, 2025.
The initiative aims to enhance market efficiency, reduce counterparty risk, and align Nigeria’s capital market with international best practices.
Speaking at a stakeholder webinar themed ‘Advancing Market Efficiency through Two-Day Settlement’, Executive Commissioner (Operations) at the Securities and Exchange Commission, Bola Ajomale, said, “The Commission plans to move to a T+1 cycle next year and ultimately target same-day settlement.
“We urge all market participants to prepare for this shift and adequately engage their clients. This initiative is a critical component of our broader reforms aimed at enhancing global competitiveness.”
The Executive Director representing the Managing Director/CEO of CSCS, Adeyinka Shonekan, highlighted the groundwork carried out to ensure a smooth transition.
“We have established a stakeholder-driven committee to perform gap analysis and benchmark CSCS processes against global standards. Our priority is to ensure a seamless experience for all market operators,” Shonekan said.
