Nigeria's capital market will officially transition to T+1 settlement on Monday, June 1, 2026, marking another step toward faster trading cycles and alignment with international standards.
The SEC, CSCS, and NGX Group will host a ceremony at 3:00 p.m. at NGX Group House in Lagos to mark the shift from the current T+2 system, where trades settle two days after execution. Under T+1, settlement happens just one business day after a trade. The move reflects the market's push to cut settlement risk, improve liquidity, and match practices in developed financial centres.
This is the second major acceleration in six months. Last December, the market jumped from T+3 to T+2, a shift that itself was meant to modernise operations. The latest move to T+1 shows regulators and market operators are serious about speed, even if it demands tighter coordination across clearing systems and trading platforms.
The ceremony, themed "T+1 and Beyond: Advancing Market Efficiency and Global Competitiveness," will bring together regulators, exchange operators, clearing houses, brokers, institutional investors, trade groups, and listed companies. A Closing Gong Ceremony will formally declare the new settlement regime in effect, signalling the market's commitment to continuous modernisation and operational excellence.
