Analysts at investment banking group- Cordros Securities Limited, licenced by the Nigerian Exchange Limited, on Wednesday assured clients that the T+2 (Trading Day plus two days) cycle recently approved by its industry regulator, the Securities Exchange Commission (SEC) will enhance liquidity in the country’s capital market.
The new cycle which takes off November 28, Cordros Securities further noted that the improvement will also ultimately create what it tagged “a smoother experience for investors.”
On the implication of the reduction from the former T+3 cycle, the analysts explained that from November 28, 2025, equities transactions will be settled two business days after the trade date instead of the current three.
Specifically, they noted that: “When you buy equities on the Nigerian Exchange on a Monday, for example, the trade will settle by Wednesday.
“Similarly, if you sell equities on the Nigerian Exchange on a Monday, the proceeds will be credited to your account by Wednesday.”
This adjustment, Cordros informed clients, “marks a major step towards a more modern and responsive market.”
A shorter settlement window allows investors receive proceeds from sales sooner, reinvest funds more quickly, and transact in a system that mirrors the pace of leading global markets.
