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

    Olu AnisereBy Updated:No Comments2 Mins Read
    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

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    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

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