Six months after migrating to a T+2 (transaction day plus two) trade settlement cycle on November 28, 2025, the Nigerian Exchange Limited, is set to move to global standard of T+1 from Monday, 1 June 2026.
This, expert believe, will further improve ongoing efforts to enhance market efficiency and align with global best practices.
The new settlement framework, according to analysts at Coronation Registrars Limited, means that trades executed from June 1, 2026 will settle one business day after the transaction date, replacing the existing two-business-day settlement timeline.”
This, the company said in a note to clients, will translate to “quicker access to investment and reinvestment opportunities, faster credits of fund and securities following trade execution, improved market liquidity and reduced settlement risk, and enhanced efficiency across the post-trade settlement process.”
Before then, all trades executed up to Friday, May 29, will settle under the existing T+2 cycle, and processed as those of Monday, 1 June 2026.
Investdata News recalls that the NGX recently expanded its trading window, with the approval of the Securities and Exchange Commission (SEC) Nigeria from 10am to 2:30pm (four and a half hours) to 9am to 4:00pm (seven hours).
The extension has deepened market liquidity, allowing for live participation by international investors and portfolio managers across North America, Asia and Europe, among others.
