Nigeria Capital Market Adopts T+1 Settlement Cycle in Major Reform

The Nigerian capital market has recorded a significant milestone with the transition from a T+2 to a T+1 settlement cycle, marking a major reform aimed at improving efficiency, liquidity, and global competitiveness.

At the closing gong ceremony, the Chief Executive Officer of the Central Securities Clearing System, Shehu Yahaya Shantali, described the development as more than a reduction in settlement timelines, noting that it reflects a stronger commitment to building a resilient and globally aligned capital market.

The Director-General of the Securities and Exchange Commission Nigeria, Dr. Emomotimi Agama, said the reform will play a key role in supporting Nigeria’s ambition of building a one trillion dollar economy.

With the new system, investors can now complete the transfer of cash and securities within one business day, allowing faster access to funds and improved capital circulation across the market.

Stakeholders say the reform will enhance market efficiency, boost investor confidence, and strengthen Nigeria’s position in the global financial system.