In order to improve market efficiency, bolster investor confidence, and expedite the digital transformation of the country’s capital market, Nigeria’s Securities and Exchange Commission (SEC) has announced a comprehensive set of measures. Nigeria is headed toward a T+1—and eventually T+0—settlement cycle, according to SEC Director-General Dr. Emomotimi Agama, who made this confirmation at the second Capital Market Committee (CMC) meeting of 2025. He characterized the recent change in equity settlement from T+3 to T+2, which was put into effect on November 28, as a significant turning point that brings Nigeria into line with international best practices, improves liquidity, lowers counterparty risk, and expedites capital reinvestment.
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