No settlement default recorded since T+1 adoption — SEC

August 30, 2026

By Obas Esiedesa, Abuja

ABUJA — The Securities and Exchange Commission, SEC, has disclosed that no settlement default has been recorded since Nigeria migrated to the T+1 settlement cycle, saying the transition has been smooth and well received by local and international investors.

The Director-General of the SEC, Dr Emomotimi Agama, disclosed this to journalists in Abuja at the weekend.

Agama, who was represented by the Director, Registration, Exchanges and Market Infrastructure, Mrs Hafsat Rufai, said concerns that investors might struggle to raise funds within the shorter settlement period had not materialised.