Nigeria’s stock market has moved into a quicker T+1 settlement timetable starting on June 1, 2026. The change follows an announcement made by the country’s Securities and Exchange Commission in May, which said the capital market would begin shifting to a T+1 settlement cycle. Under the new arrangement, when investors execute a trade—such as buying or selling a share on Monday, June 1, 2026—the trade is expected to be settled within the following 24 hours.
Market participants and the Nigerian Exchange Group (NGX) say the shift is designed to speed up settlement and improve overall transaction efficiency across the exchange. NGX described the move as a significant step forward for Nigeria’s capital market, arguing that a shorter cycle can help deliver benefits such as stronger liquidity and lower settlement-related risk.
In a post on X, NGX Group said: “The transition to T+1 settlement is now live, delivering faster settlement, improved liquidity, reduced risk, and a more efficient market experience for all participants. A faster market cycle starts today (Monday, June 1, 2026).”
