Nigeria has achieved a major milestone in its capital market reforms, becoming the first country in Africa to adopt the T+1 stock market settlement cycle under the administration of President Bola Ahmed Tinubu. The new framework took effect on June 1, 2026, replacing the previous T+2 settlement cycle and positioning the Nigerian market among the world’s faster-settling exchanges.

Under the T+1 regime, securities transactions are settled one business day after a trade is executed, enabling investors to access cash and securities more quickly. Market regulators say the transition will improve liquidity, reduce settlement risks, and enhance the overall efficiency of the capital market.

Speaking on the development, Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, described the move as a landmark achievement that reflects Nigeria’s commitment to implementing reforms that strengthen investor confidence and attract global capital.

Stakeholders across the capital market, including the Nigerian Exchange Group and the Central Securities Clearing System, said the transition would boost market competitiveness, improve transaction efficiency, and support long-term economic growth. The development follows months of coordinated efforts by regulators and market operators to ensure a smooth migration to the new settlement framework.