CSCS Hosts Webinar On Transition To T+2 Settlement Cycle

The Central Securities Clearing System Plc (CSCS) will hold a webinar as part of industry-wide engagement ahead of Nigeria’s transition to the T+2 Settlement cycle.

The webinar titled ‘Advancing Market Efficiency through T+2 Settlement’ will hold on September 10, 2025, to prepare stakeholders for Nigeria’s transition to a T+2 settlement cycle.

A T+2 settlement cycle means a financial transaction is finalised, with the cash and securities exchanged, two business days after the trade date (T). Nigeria’s transition to the T+2 Settlement cycle will go live on November 28, 2025.

CSCS stated that the virtual event will bring together the director general of the Securities and Exchange Commission (SEC), alongside the heads of Nigeria’s securities exchanges, underscoring the importance of this market-wide transformation.

According to CSCS, the T+2 Settlement initiative, driven by the SEC’s directive, marks Nigeria’s transition from a T+3 (trade date plus three days) to a T+2 (trade date plus two days) settlement cycle. This move aligns Nigeria’s capital market with global standards, enhances liquidity, mitigates counterparty risk, and strengthens investor confidence.

The MD/CEO of CSCS, Haruna Jalo-Waziri, stated, “The transition to T+2 is a significant milestone for the Nigerian capital market and a testament to the collaborative spirit of our ecosystem. This shift brings our market in line with global best practices and deepens efficiency, resilience, and investor trust. CSCS is proud to coordinate this journey with the support of regulators, exchanges, and market stakeholders.”

The Settlement Cycle Review Committee (SCRC), coordinated by CSCS and comprising key industry stakeholders, has led a structured multi-phase assessment process to develop a robust implementation framework. The comprehensive report was submitted to the SEC for regulatory review and approval, paving the way for a seamless transition.

The webinar will provide stakeholders with updates, guidance, and clarity on the implementation process to ensure adequate preparation ahead of the November 28th go-live date.