Nigeria’s capital market just leveled up, ditching the old T+3 for a snappier T+2 settlement meaning trades now clear in just two business days, slashing risks and boosting efficiency. CSCS Chairman Temi Popoola called it a historic win that deepens liquidity, amps investor trust, and aligns with global standards to chase that $1 trillion economy dream.
CSCS MD Haruna Jalo-Waziri highlighted massive tech upgrades like IBM Power 10 migration and 95% automation, evolving from manual headaches to lightning-fast, reliable ops. SEC’s Bola Ajomale praised the smooth rollout after months of testing, noting it’ll sharpen surveillance and cement Nigeria as a top investment spot without tweaking core trading rules.
This strategic shift signals Nigeria’s readiness for T+1 trends and AfCFTA plays, drawing foreign cash with lower counterparty risks and predictable timelines.
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