Nigeria’s Stock market kicks off T+1 settlement cycle

By Damilare Adeleye

The Nigerian stock market has commenced a faster T+1 settlement cycle as of June 1, 2026.

In a notice issued in May 2026, the Securities and Exchange Commission (SEC) announced that the country’s capital market would kick off the transition to a T+1 settlement cycle.

The implication is that if capital market investors buy or sell a stock on Monday, June 1, 2026, the transaction will settle within 24 hours.

This transition provides an avenue for faster settlement for investors and improves overall business transaction efficiency for the Nigerian Exchange (NGX).

Reacting in a statement posted on Monday, the Nigerian Exchange Group described the development as a major milestone for Nigeria’s capital market.

“The transition to T+1 settlement is now live, delivering faster settlement, improved liquidity, reduced risk, and a more efficient market experience for all participants. A faster market cycle starts today,” NGX Group wrote on X