Nigerian capital market to commemorate transition to T+1 settlement cycle

Nigeria's capital market is set to undergo a significant transformation with its transition to a T+1 settlement cycle. This move, scheduled for June 1, 2026, marks a departure from the existing T+2 system, where trades are settled within two business days.

The Securities and Exchange Commission (SEC), alongside key industry players including the Central Securities Clearing System Plc (CSCS) and the Nigerian Exchange Group (NGX Group), will host an official ceremony to commemorate this milestone. The transition to T+1 settlement is a globally recognized move aimed at improving the speed and efficiency of financial transactions.

This shift is anticipated to bring several benefits to the Nigerian capital market, including enhanced liquidity and reduced counterparty risk. By shortening the settlement period, investors can expect faster access to their funds and securities, potentially leading to increased market participation and trading activity. The move aligns Nigeria with international best practices in capital market operations.