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The Nigerian capital market is set to transition to a T+1 settlement cycle, effective May 29, 2026, as part of efforts to enhance operational efficiency, reduce settlement risk, and align with global best practices.
Under the new framework, trades will settle one business day after the trade date.
The Central Securities Clearing System (CSCS) has announced preparations are underway to ensure a smooth transition, with industry-wide engagements and technical readiness initiatives ongoing.
Trades executed on Thursday, May 28, 2026 (last T+2 trade date) and Friday, May 29, 2026 (first T+1 trade date) will both settle on Monday, June 1, 2026.
Market participants, including exchanges, brokers, custodians, registrars, settlement banks, and institutional investors, are encouraged to review their internal processes and systems to ensure alignment with the new settlement framework.
For more information, visit (link unavailable) or contact CSCS at contact@cscs.ng.
