WorldStage– Central Securities Clearing System (CSCS ), the financial market infrastructure responsible for keeping track of who owns what in the Nigerian capital market has informed all stakeholders that the transition of the Nigerian capital market to a T+1 Settlement Cycle will now take effect from Monday, 1st June 2026 as against the May 29, 2026 initially announced, due to the upcoming public holiday.
In a notice to Market Participants tagged “Market Notification: Go-live Update – Transition to T+1 Settlement Cycle in the Nigerian Capital Market”, CSCS said, “Under the T+1 framework, all trades executed in the market will be settled one business day after the trade date.”
It gave the key highlights of the trnsistion to include;
*Effective Monday, 1st June 2026, all trades executed in the market will settle on a T+1 basis — that is, one business day after the trade date.
*Friday, 29th May 2026 will be the last trading day under the T+2 settlement cycle.
*Trades executed on Friday, 29th May 2026 and trades executed on Monday, 1st June will both settle on Tuesday, 2nd June 2026.
*All trades executed from Monday, 1st June 2026 onwards will follow the T+1 settlement cycle.
CSCS said “all market participants are encouraged to review their internal processes, systems, and operational workflows to ensure alignment with the new settlement framework.
“We appreciate your continued collaboration and commitment as the Nigerian capital market progresses toward enhanced efficiency and global standards.”
