NIGERIA: CSCS Announces Go-Live of T+2 Settlement Cycle

Thursday December 4 2025

The Central Securities Clearing System Plc (CSCS) announced that the Nigerian capital market transitioned to a T+2 settlement cycle on 28^th November 2025.

With the implementation of T+2, all trades executed from today will now settle two business days after the trade date. This achievement strengthens operational efficiency, enhances market liquidity, and significantly reduces counter-party risk, ultimately improving investor experience and ensuring quicker access to funds and securities. The transition also positions Nigeria more competitively within the global capital market landscape, where shorter settlement cycles are increasingly becoming the standard.

As the market adjusts to this new settlement environment, CSCS remains committed to providing continuous support and guidance. The organisation has also made implementation procedures and guidelines available to all market participants to aid operational clarity and ensure seamless adoption.

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