By Bamidele Famoofo
WorldStage– Less than one year after the Nigerian Exchange Limited ( NGX) transitioned to the T+2 settlement cycle for shares bought or sold, the leading stock market in Africa in terms of return on investment, has completed plans to further reduce the cycle by one day.
T+2 became operational on November 28, 2025, after the Securities & Exchanges Commission (SEC) approved for Nigeria’s capital market to transition from the former T+3 (Trade Date plus three days).
T+2 setlement cycle means that securities and funds from trades will be settled within two business days after a transaction is executed, rather than the current three business days.
Meanwhile, the board and management of the NGX has announced the launch and commencement of the T+1 setlement cycle from June 1, 2026.
With the T+1 settlement cycle in place, investors in the capital market will be able to receive value for their investment faster, and this is expected to further boost investors’ confidence in the market.
T+1 seetlement cycle means that any investor that buys or sells any instruments in the market will get value the second day after the transaction is done.
The event, themed “T+1 and Beyond: Advancing Market Efficiency and Global Competitiveness”, will convene regulators, capital market operators, institutional investors, trade associations, listed companies and other key stakeholders across the ecosystem.
According to a statement issued on the website of the NGX, the event will also serve as a platform to reinforce collective readiness, institutional coordination and confidence in the continued modernisation of Nigeria’s capital market.
