Tuesday May 26 2026
News Source: Global Exchanges
Focus: Clearing & Settlement
Type: General
Country: Nigeria
The Securities Exchange Commission, Nigeria (SEC) announced transition to a T+1 settlement cycle for equities and commodities transactions cleared and settled by the Central Securities Clearing System (CSCS), with effect from Monday, June 1st, 2026.
The migration to a T+1 settlement cycle forms part of the Commission’s ongoing market modernization initiatives aimed at enhancing market efficiency, strengthening risk management, reducing counterparty exposure, improving liquidity, and aligning the Nigerian capital market with international standards and global best practices.
Accordingly, all eligible trades executed in the Nigerian capital market shall settle one business day after the trade date (T+1).
Implementation Highlights
- Effective Monday, June 1, 2026, all eligible trades shall settle on a T+1 basis.
- Friday, May 29, 2026, shall be the final trading day under the existing T+2 settlement cycle.
- Trades executed on Friday, May 29, 2026, and Monday, June 1, 2026, shall both settle on Tuesday, June 2, 2026.
- All trades executed from Monday, June 1, 2026, onward shall be subject to the T+1 settlement cycle.
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