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By Chinwendu Obienyi
The Central Securities Clearing System (CSCS) says it will migrate to a T+2 settlement cycle by November 28, 2025, as part of efforts to boost efficiency and align Nigeria’s capital market with global best practices.
T+2 settlement cycle means transactions will be settled two business days after execution and has received strong backing from regulators and capital market stakeholders. The system is already adopted in advanced markets such as Japan, the UK, and Switzerland.
Market watchers say the transition is expected to enhance liquidity, reduce settlement risks, and improve Nigeria’s attractiveness to foreign investors.
Furthermore, the clearing house disclosed that it executed securities transactions valued at N2.112 trillion between May and August 2025, marking a 138 per cent increase from N885.93 billion in the same period last year.
Between May and August 2025, 95.66 billion units of securities were executed across 2,063,939 deals, reflecting a 41.34 per cent increase in transaction volume and a remarkable 167.97 per cent growth in the number of executed deals year-on-year.
A breakdown of CSCS data shows that the total value of transactions in May 2025 stood at N362.34 billion, rising to N393.65 billion in June, peaking at N910.31 billion in July, and closing at N446.08 billion in August.
In terms of volume, 19.28 billion units were traded in May, 14.85 billion in June, 35.34 billion in July, and 26.19 billion in August. The number of deals executed also followed an upward trend: 378,967 in May, 370,174 in June, 649,996 in July, and 664,802 in August. In the corresponding period of 2024, CSCS recorded settlement values of N189.38 billion in May, N233.24 billion in June, N259.19 billion in July, and N204.11 billion in August.
CSCS has also intensified its digital transformation programme, reengineering its core platforms, Brokers Portal, RegConnect, Custodian Portal, and Regulators Portal, to improve efficiency and reliability.
