Africa ETP News
you are currently viewing::T+2 to transform Nigerian securities trading 28 NovemberNovember 24, 2025-The Nigerian capital market will be transformed this Friday, 28 November, as it moves to the settlement on the second business day after trading, T+2. The market is currently on T+3 (settlement on the third day after trade), apart from fixed income securities and commodities which already settle on T+2. The change to the settlement cycle affects secondary market transactions on the Nigerian Stock Exchange (NGX), the NASD OTC Securities Exchange / and the Lagos Commodities & Futures Exchange (LCFE). According to the Circular from the Securities and Exchange Commission of Nigeria, the change affects the equities market: "The Commission expects this migration to have a significant impact on the profile of the Nigerian Capital market by enabling: "Improved Liquidity: An expedited settlement process, which allows investors to access their funds more quickly and enhance overall market liquidity. Source: africancapitalmarketsnews.com |
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