Nigeria’s capital market has officially commenced its T+1 settlement cycle, introducing a faster transaction settlement system aimed at improving market efficiency.

The new settlement structure took effect on Monday, June 1, 2026, following an earlier announcement by the Securities and Exchange Commission (SEC) in May.

Under the T+1 system, stock transactions completed on a trading day are settled within 24 hours. This means investors who buy or sell shares on a Monday will have their transactions settled by Tuesday.

The transition replaces the previous settlement timeline and is expected to improve liquidity, reduce transaction risk, and enhance operational efficiency in the Nigerian stock market.

Reacting to the development, the Nigerian Exchange Group described the move as a significant milestone for the country’s capital market.

In a statement posted on X, the exchange said the new system would provide “faster settlement, improved liquidity, reduced risk, and a more efficient market experience for all participants.”

Market analysts believe the shorter settlement cycle could make the Nigerian market more attractive to both local and foreign investors by speeding up access to funds and securities.

The implementation aligns Nigeria with global trends, as several major financial markets around the world continue to adopt shorter settlement cycles to improve trading efficiency.