Nigeria’s Capital Market to Adopt T+2 Settlement Cycle Nov. 28

Nigeria’s Capital Market to Adopt T+2 Settlement Cycle Nov. 28

Nigeria’s capital market is set to adopt a faster T+2 settlement cycle from November 28, 2025, information from the Central Securities Clearing System (CSCS) said in a post on its website.

CSCS announced that the Securities & Exchanges Commission (SEC) has reviewed and approved for Nigeria’s capital market to transition from the current T+3 (trade date plus three days) settlement cycle to a T+2 (trade date plus two days) settlement cycle, effective November 28th, 2025.

This means that securities and funds from trades will be settled within two business days after a transaction is executed, rather than the current three business days.

By reducing the time between trade execution and settlement, Nigeria’s market becomes more competitive, liquid, and resilient, CSCS said.

This upgrade reflects the commitment of regulators, exchanges, and financial institutions to modernise Nigeria’s capital markets, improving investor confidence and reducing risks associated with delayed settlements.

This development marks a major step forward in aligning Nigeria’s capital market with global best practices, Cowry Asset Limited said in a statement shared with investors. Authority designed T+2 settlement cycle to enhance market efficiency, improve liquidity, and build stronger investor confidence.

What This Means for You:

 From Friday, 28th November 2025, all trades will now settle on a T+2 basis—meaning two business days after the trade date. This means that trades executed on Friday, 28th November 2025, will settle on Tuesday, 2nd December 2025. Trades executed before this date, the adoption date will still follow the current T+3 settlement cycle. Meta, Nigeria to Agree Settlement Terms in $32.8m Data Breach Fine