The Central Securities Clearing System (CSCS) Plc has confirmed its readiness to transition to a T+2 settlement cycle on November 28, 2025, marking a significant milestone for Nigeria’s capital market.
In his opening remarks during a stakeholder webinar themed, “Trade Associations: Ensuring Stakeholders’ Readiness for T+2 Settlement System”, CSCS Managing Director/CEO, Haruna Jalo-Waziri, reflected on the 26-year journey since the organisation’s inception.
He noted that CSCS was established to address settlement risks and that adopting a T+2 cycle aligns Nigeria with international standards by reducing delays, minimising risk, and improving liquidity.
Jalo-Waziri thanked the Securities and Exchange Commission (SEC) for its support and openness to innovation, as well as the NGX Group Plc and various trade associations for their active collaboration throughout the implementation process.
Temi Popoola, Chairman of CSCS, highlighted the significant investment made in technology and infrastructure to ensure operational and technical readiness for the T+2 transition.
He said the organisation has conducted rigorous stress testing under high-volume and adverse conditions, demonstrating CSCS’s capability to support the new system with strong redundancy and fallback mechanisms.
