The Nigerian capital market has recorded a milestone with the transition from a T+2 to a T+1 settlement cycle.
At the Closing gong, the CEO of CSCS Shehu Yahaya Shantali said the achievement was far more than a reduction in settlement timelines but a reflection of the commitment to building a more efficient, resilient, competitive, and globally aligned capital market.
For the Director-General of the Securities and Exchange Commission, Dr Emomotimi Agama, the transition will help Nigeria to achieve the one trillion dollar economy.
investors can now buy or sell shares on the exchange by completing the transfer of cash and securities within one business day.
Which allows for faster access to funds and improved capital circulation across the market.
