Effective June 1, 2026, the Nigerian stock market has officially moved to a T+1 settlement cycle. This shift follows an earlier announcement by the Securities and Exchange Commission in May regarding the transition of the nation’s capital market operations.
Under this new framework, trades executed on a specific day are finalized within a 24-hour window. This change is designed to enhance transaction efficiency and provide investors with quicker access to their funds. The Nigerian Exchange Group praised the move as a significant advancement for the local market.
In a statement shared on social media, the NGX Group highlighted that the implementation of T+1 settlement will foster improved liquidity and decrease operational risk. This update ensures a more streamlined experience for all market participants as the new cycle officially began this Monday.