The Securities and Exchange Commission (SEC) says Nigeria’s planned shift to the T+1 settlement cycle will help reduce failed trades and strengthen stability in the capital market.
According to SEC Director-General, Dr Emomotimi Agama, the new system will shorten the time between trade execution and settlement, allowing investors to receive their funds faster and improving overall market efficiency.
He explained that under the T+1 system, shares sold on Monday will be settled by Tuesday, improving liquidity and making it easier for investors to reinvest.
The SEC says the reform, set to begin on June 1, aligns Nigeria with global financial markets and is part of ongoing efforts to modernise the country’s capital market.
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