The Securities and Exchange Commission (SEC) will officially transition to a T+2 settlement cycle for equities transactions starting Friday, November 28, 2025, in a move aimed at aligning Nigeria’s capital market with global best practices and improving market efficiency.

The shift from the current T+3 (trade date plus three days) cycle comes after months of preparation and stakeholder testing. According to the SEC, the transition will allow investors faster access to funds, boost market liquidity, and reduce counterparty risk, contributing to a more stable and resilient market.

The Central Securities Clearing System (CSCS) Plc, acting as the central counterparty, has invested significant resources to ensure the technical and operational readiness of the new system. “Extensive testing with market participants has been successfully completed without any reported issues, reflecting strong confidence in the market’s preparedness,” the SEC noted.

Under the new system, trades executed on Friday, November 28, will settle on Tuesday, December 2, 2025. Transactions carried out before that date will follow the existing T+3 schedule, meaning trades executed on Thursday, November 27, will also settle on December 2, coinciding with the first batch of T+2 settlements.

The SEC reaffirmed its commitment to fostering a modern, transparent, and efficient capital market and said it will continue engaging stakeholders to further enhance Nigeria’s investment landscape.