Nigerian capital market to commemorate transition to T+1 settlement cycle

New stock trading rule promises quicker cash for investors - Businessday NG

Nigeria's capital market shifts from T+2 to T+1 settlement cycle effective June 1, cutting cash and share clearing time from two days to one across the CSCS infrastructure. For firms with exposure to African emerging markets, faster settlement reduces counterparty risk and improves liquidity management, potentially attracting institutional capital that previously avoided the market over settlement friction.