The Securities and Exchange Commission has confirmed that the Nigerian capital market will shift to a T+2 settlement cycle for equities transactions starting Friday, November 28, 2025.

The move aims to align the market with global best practices and improve overall efficiency.

In a statement on Thursday, the Commission explained that after months of preparation and stakeholder testing, the transition from the current T+3 (trade date plus three days) settlement cycle has now reached the implementation phase.

The SEC stated that the transition “is expected to boost the Nigerian capital market by enabling investors to access funds more quickly, improving market liquidity, lowering counterparty risk, and fostering a more stable and resilient market environment.”

“As the central counterparty, CSCS Plc has dedicated considerable effort and resources to ensure seamless operational and technical readiness throughout the transition”.

“Extensive testing with market participants has been successfully conducted without any reported issues, reflecting high confidence in the market’s preparedness for this landmark change”, the commission disclosed.

Under the new T+2 system, trades executed on Friday, November 28, 2025, will settle on Tuesday, December 2, 2025. Transactions completed prior to this date will continue under the existing T+3 cycle, meaning trades executed on Thursday, November 27, will also settle on December 2, alongside the first T+2 batch.

The SEC reiterated its commitment to developing a modern, efficient, and transparent capital market, emphasizing ongoing stakeholder engagement to drive further improvements and reinforce Nigeria’s appeal as a prime investment destination.