Regulatory Alerts2025-06-03
Circular on the Implementation of a New Settlement Cycle for Equities Transactions in the Nigerian Capital Market
The Securities and Exchange Commission mandates that the Nigerian equities market transition to a T+2 settlement cycle, effective November 28, 2025. This migration requires all brokers, dealers, and custodians to update their operational systems while advising investors to assess how the accelerated timeline impacts liquidity, counterparty risk, and global competitiveness. The expedited process aligns Nigerian markets with international best practices, enhancing fund accessibility and long-term market stability for domestic and foreign participants.
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