{"id":123779,"date":"2025-11-14T01:28:35","date_gmt":"2025-11-14T00:28:35","guid":{"rendered":"https:\/\/pointblanknews.com\/pbn\/?p=123779"},"modified":"2025-11-14T01:28:35","modified_gmt":"2025-11-14T00:28:35","slug":"sec-begins-t2-settlement-cycle-in-nigerian-capital-market-nov-28","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/news\/sec-begins-t2-settlement-cycle-in-nigerian-capital-market-nov-28\/","title":{"rendered":"\u200eSEC Begins T+2 Settlement Cycle in Nigerian Capital Market Nov. 28 \u200e"},"content":{"rendered":"<div id=\"m#msg-f:1848714242325089634\" class=\"mail-message expanded\">\n<div id=\"m#msg-f:1848714242325089634-header\" class=\"mail-message-header spacer\" style=\"text-align: justify;\">By Daniel Adaji<\/div>\n<div id=\"m#msg-f:1848714242325089634-content\" class=\"mail-message-content collapsible zoom-normal mail-show-images \">\n<div class=\"clear\">\n<div style=\"text-align: justify;\">\u200e<\/div>\n<div style=\"text-align: justify;\">\u200eThe Securities and Exchange Commission (SEC) has announced that the Nigerian capital market will officially transition to a T+2 settlement cycle for equities transactions effective Friday, November 28, 2025.<\/div>\n<div style=\"text-align: justify;\">\u200e<\/div>\n<div style=\"text-align: justify;\">\u200eThe move, according to the Commission, is designed to align Nigeria\u2019s capital market with global best practices and enhance market efficiency.<\/div>\n<div style=\"text-align: justify;\">\u200e<\/div>\n<div style=\"text-align: justify;\">\u200eIn a statement issued on Thursday and signed by Efe Ebelo, Head, External Relations, SEC Nigeria, the Commission said the migration from the current T+3 (trade date plus three days) settlement cycle is now at the implementation stage following months of preparation and successful stakeholder testing.<\/div>\n<div style=\"text-align: justify;\">\u200e<\/div>\n<div style=\"text-align: justify;\">\u200eAccording to the SEC, \u201cThe migration is expected to significantly enhance the Nigerian capital market by allowing investors quicker access to funds, thereby improving overall market liquidity and reducing counterparty risk exposure. This will foster a more stable and resilient market environment.\u201d<\/div>\n<div style=\"text-align: justify;\">\u200e<\/div>\n<div style=\"text-align: justify;\">\u200eThe statement noted that the Central Securities Clearing System (CSCS) Plc, acting as the market\u2019s central counterparty, has invested substantial effort and resources to ensure operational and technical readiness.<\/div>\n<div style=\"text-align: justify;\">\u200e<\/div>\n<div style=\"text-align: justify;\">\u200e\u201cExtensive testing with market participants has been successfully conducted without any reported issues, reflecting high confidence in the market\u2019s preparedness for this landmark change,\u201d the Commission disclosed.<\/div>\n<div style=\"text-align: justify;\">\u200e<\/div>\n<div style=\"text-align: justify;\">\u200eUnder the new T+2 system, all trades executed on Friday, November 28, 2025, will settle on Tuesday, December 2, 2025.<\/div>\n<div style=\"text-align: justify;\">\u200e<\/div>\n<div style=\"text-align: justify;\">\u200eTransactions executed before that date will continue under the existing T+3 schedule. This means that trades carried out on Thursday, November 27, will also settle on December 2, coinciding with the first batch of T+2 settlements.<\/div>\n<div style=\"text-align: justify;\">\u200e<\/div>\n<div style=\"text-align: justify;\">\u200eThe SEC reaffirmed its commitment to building a modern, efficient, and transparent capital market, noting that it will continue to engage stakeholders to drive improvements and strengthen Nigeria\u2019s position as an attractive investment destination.<\/div>\n<div style=\"text-align: justify;\">\u200e<\/div>\n<div style=\"text-align: justify;\">\u200eThe term \u201cT+2\u201d stands for \u201ctrade date plus two days.\u201d It means that when an investor buys or sells a security, the settlement, the actual exchange of money and securities &#8211; occurs two business days after the trade.<\/div>\n<div style=\"text-align: justify;\">\u200e<\/div>\n<div style=\"text-align: justify;\">\u200eIn contrast, the T+3 cycle currently in use in Nigeria settles transactions three business days after the trade date.<\/div>\n<div style=\"text-align: justify;\">\u200e<\/div>\n<div style=\"text-align: justify;\">\u200eThe transition to T+2 is part of a broader international movement aimed at: Reducing systemic and counterparty risk, enhancing liquidity and market efficiency and accelerating investors\u2019 access to funds.<\/div>\n<div style=\"text-align: justify;\">\u200e<\/div>\n<div style=\"text-align: justify;\">\u200eBy shortening the settlement period, markets become more resilient, and investors can reinvest or withdraw funds more quickly.<\/div>\n<div style=\"text-align: justify;\">\u200e<\/div>\n<div style=\"text-align: justify;\">\u200eMajor markets such as the United States, European Union, India, and South Africa have already adopted the T+2 settlement cycle.<\/div>\n<div style=\"text-align: justify;\">\u200e<\/div>\n<div style=\"text-align: justify;\">\u200eThe U.S. and Canada have recently begun implementing T+1 settlements, further shortening their cycles to strengthen market stability<\/div>\n<\/div>\n<\/div>\n<\/div>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>By Daniel Adaji \u200e \u200eThe Securities and Exchange Commission (SEC) has announced that the Nigerian capital market will officially transition to a T+2 settlement cycle for equities transactions effective Friday,&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":122716,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-123779","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - 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