BREAKING: SEC Announces Date To Commence T+2 Settlement Cycle

SEC has announced the date to commence T+2 Settlement Cycle.

 

NewsOnline Nigeria reports that the Securities and Exchange Commission (SEC) has announced that Nigeria’s capital market will officially adopt a T+2 settlement cycle for all equities transactions starting Friday, November 28, 2025, in a major step toward aligning with global best practices and improving market efficiency.

 

This Nigeria news platform understands that SEC disclosed this in a statement on Thursday, confirming that the move from the current T+3 (trade date plus three days) cycle has reached full implementation stage after months of planning, testing, and stakeholder collaboration.

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According to the Commission, the migration will significantly strengthen the Nigerian capital market by ensuring faster investor access to funds, enhancing market liquidity, and reducing counterparty risk exposure.

“The migration is expected to significantly enhance the Nigerian Capital Market by allowing investors quicker access to funds, thereby enhancing overall market liquidity and reducing counterparty risk exposure, fostering a more stable and resilient market environment,” the SEC stated.

The Commission also commended the Central Securities Clearing System (CSCS) Plc for its role as the central counterparty, noting that the organization had “dedicated considerable effort and resources” to guarantee seamless operational and technical readiness.

“Extensive testing with market participants has been successfully conducted without any reported issues, reflecting high confidence in the market’s preparedness for this landmark change,” the SEC added.

Under the new structure, all trades executed on Friday, November 28, 2025, will settle on Tuesday, December 2, 2025, marking the first set of T+2 transactions. However, trades executed before that date — including those from Thursday, November 27 — will continue to follow the existing T+3 schedule.

The Commission reaffirmed its commitment to modernizing the Nigerian capital market, promising continued collaboration with industry stakeholders to deepen efficiency, transparency, and investor confidence.

“This transition represents another milestone in our ongoing efforts to strengthen the Nigerian capital market and position it as a competitive and attractive investment destination,” the SEC concluded.