Dear Esteemed Stakeholder,

We are pleased to inform you that the Nigerian capital market will officially transition to the T+2 Settlement Cycle effective Friday, 28th November 2025.

This transition represents a major milestone in aligning Nigeria?s capital market with international best practices. It is expected to improve operational efficiency, strengthen investor confidence, and enhance market liquidity.

Over the past few months, extensive readiness efforts have been undertaken across the market, including stakeholder engagement sessions, operational readiness assessments, and a wide-reaching public awareness campaign, all aimed at ensuring a seamless transition.

KEY HIGHLIGHT
Please note that effective Friday, 28th November 2025, all trades executed in the Nigerian capital market will be settled on a T+2 basis. This means that trades executed on Friday, 28th November will be settled on Tuesday, 2nd December 2025. 

It is important to highlight that trades executed before 28th November 2025 will continue to follow the T + 3 settlement cycle. As such, trades executed on Thursday, 27th November 2025 will also settle on Tuesday, 2nd December 2025, the same day as trades executed on 28th November 2025 under the new T + 2 cycle.

Market participants are expected to have updated their internal processes, systems, and stakeholder communication to reflect this change.

For further information on the T+2 Settlement Cycle transition, including FAQs, please visit the dedicated T+2 transition webpage via the CSCS website:

https://www.cscs.ng/ngt2/
For any enquiries, please contact CSCS on all our Contact Centre Channels.

We thank you for your continued support and collaboration toward a more resilient and globally competitive capital market.