Market News
Nigerian capital market to commemorate transition to T+1 settlement cycle - VANGUARD
By Peter Egwuatu
The Securities and Exchange Commission (SEC), Central Securities Clearing System Plc (CSCS), Nigerian Exchange Group (NGX Group), and other key capital market stakeholders will on Monday, June 1, 2026, host an official ceremony to commemorate the Nigerian capital market’s transition from a T+2 to a T+1 settlement cycle.
The transition to T+1, which takes effect from June 1, comes six months after the market migrated from a T+3 to T+2 settlement cycle, reflecting the market’s accelerated drive toward greater efficiency, reduced settlement risk, enhanced liquidity, and stronger alignment with global best practices.
Scheduled to hold at 3:00 p.m. at NGX Group House, Lagos, the event is themed, “T+1 and Beyond: Advancing Market Efficiency and Global Competitiveness.” It will convene regulators, exchanges, market infrastructure institutions, capital market operators, institutional investors, trade associations, listed companies, and other stakeholders across the capital market ecosystem.
The ceremony will culminate in a Closing Gong Ceremony to formally commemorate the market-wide transition to the T+1 settlement regime, reinforcing the collective commitment of market participants to innovation, operational efficiency, and the continued modernization of Nigeria’s capital market infrastructure.
