A file photo of the Securities and Exchange Commission building
Capital market operators have intensified extensive software and technological modifications across internal workflows, securing operational readiness ahead of the Nigerian capital market’s historic migration to a T+1 settlement cycle on Monday, June 1, 2026.
The structural shift, approved by the Securities and Exchange Commission, will condense the country’s post-trade clearing timeframe to one business day following trade execution, effectively replacing the current T+2 protocol implemented in late 2025.
Under the new regulatory directive, secondary market equities and commodities transactions matched across the Nigerian Exchange Limited, NASD OTC Exchange, and the Lagos Commodities and Futures Exchange will see concurrent exchanges of cash and securities finalised within a single 24-hour cycle.
Ahead of the go-live milestone, market firms have deployed Straight-Through Processing extensions and Application Programming Interface portals to reduce human friction in trade matching and clearing validations.
