Nigerian capital market to commemorate transition to T+1 settlement cycle

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.

The move to a shorter settlement cycle represents another milestone in the ongoing efforts by regulators, exchanges, clearing and settlement institutions, and other stakeholders to deepen the capital market, strengthen investor confidence, and enhance the overall investor experience.

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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.

Iheanyi Nwachukwu

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.