Nigeria has officially commenced the T+2 settlement cycle in its capital market. This transition which became effective on Friday, November 28 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.
The shorter settlement window is expected to bolster market liquidity, reduce counterparty and operational risk, and strengthen Nigeria’s appeal to foreign portfolio investors (FPIs) at a time when policymakers are seeking deeper capital market support for economic expansion.
The transition T+2 settlement cycle also positions Nigeria more competitively within the global capital market landscape, where shorter settlement cycles are increasingly becoming the standard. It improves investor experience by ensuring quicker access to funds and securities, while to operators it allows more agile trading.