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The Nigerian capital market (NGX) will officially transition to a T+2 Settlement Cycle effective Friday, 28th November 2025, which is set to boost liquidity and align the exchange with global peers.
“T+2 is the new settlement timeline that ensures your securities transactions, including payment and share transfer, are completed two business days after trade execution,” Greenwich registrars said in an email message to its clients.
“This new cycle enhances efficiency, reduces risk and brings Nigeria closer to global best practice.”
The new trading cycle is a day shorter than what is currently in place.
The shorter settlement period for securities is expected to enhance market efficiency, reduce systemic risk, and boost investor confidence, according to the Central Securities Clearing System Plc or CSCS.
KEY HIGHLIGHTS
From Friday, 28th November 2025, all trades executed in the market will settle on T+2, meaning two business days after the trade date.
Trades executed on Thursday, 27th November 2025 (the last T+3 trade date) and Friday, 28th November 2025 (the first T+2 trade date) will both settle on Tuesday, 2nd December 2025.
“By reducing the time between trade execution and settlement, Nigeria’s market becomes more competitive, liquid, and resilient,” the CSCS said.
Key Benefits for Investors
The transition by the NGX to T+2 settlement brings significant advantages to all players in Nigeria’s capital markets—enhancing efficiency, reducing risks, and improving overall market confidence. Below are the key benefits for different market participants:
- Get funds/securities 1-day faster
- Less risk of price changes before settlement
- Easier reinvestment with quicker access to cash
“This upgrade reflects the commitment of regulators, exchanges, and financial institutions to modernize Nigeria’s capital markets, improving investor confidence and reducing risks associated with delayed settlements.”
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