The Central Securities Clearing System Plc (CSCS), Nigeria’s premier capital market infrastructure, has officially commenced the T+2 settlement cycle in the Nigerian capital market.
This transition, effective Friday, November 28, from the long-standing T+3 cycle represents a significant milestone in the ongoing modernisation of Nigeria’s post-trade infrastructure and reflects the market’s collective commitment to global best practices.
CSCS worked closely with the Securities and Exchange Commission (SEC), Exchanges, market operators, custodians, and key trade associations to ensure smooth implementation.