CSCS, Regulator, Operators Rally To Power T+2 Settlement In November

The Central Securities Clearing System (CSCS) Plc has received beardown backing from superior marketplace regulators and operators for its modulation to a T+2 colony cycle, scheduled to commence connected November 28, 2025. This determination marks a important milestone successful advancing efficiency, hazard mitigation, and planetary competitiveness wrong the Nigerian superior market.

The marketplace presently operates nether a T+3 colony cycle, which presents respective challenges, including elevated counterparty risk, little liquidity, operational inefficiencies, and vulnerability to marketplace volatility. Transitioning to T+2 volition code these limitations and align the Nigerian superior marketplace with planetary champion practices.

At a stakeholder webinar hosted by CSCS connected the taxable ‘Advancing Market Efficiency done T+2 Settlement’, cardinal regulators and operators reaffirmed their readiness for this transition.

Speaking astatine the event, the enforcement commissioner (Operations), Securities and Exchange Commission (SEC), Bola Ajomale emphasised the Commission’s committedness to modernising the Nigerian superior market.

“The Commission’s program is to determination to a T+1 rhythm adjacent year, successful alignment with trends successful developed markets, and yet people T+0. We impulse each marketplace participants to hole for this displacement and adequately prosecute their clients. This inaugural is simply a captious constituent of our broader superior marketplace reforms aimed astatine enhancing planetary competitiveness,” Ajomale stated.

Representing the managing director/CEO of CSCS, Haruna Jalo-Waziri, the enforcement director, Adeyinka Shonekan, highlighted the extended groundwork laid by CSCS to guarantee a seamless transition.

He explained this includes the constitution of a stakeholder-driven Committee to execute spread investigation and benchmark CSCS processes against planetary standards crossed cardinal show metrics.

The managing director/CEO, Nigerian Exchange Limited (NGX), Jude Chiemeka expressed the Exchange’s afloat readiness successful presumption of infrastructure and merchandise offerings.

He noted that NGX had undertaken market-wide simulation exercises, proactive connection strategies, and acceptable up dedicated enactment systems to facilitate the changeover.On his part, the managing director/CEO, Lagos Commodities and Futures Exchange (LCFE), Akin Akeredolu-Ale who made immoderate comparative investigation of colony cycles successful immoderate planetary markets, stressed the efforts of LCFE connected regulatory alignment, onboarding facilitation, and stakeholder acquisition to leverage the opportunities presented by the T+2 framework.

Also, caput of Operations & IT astatine NASD Plc, Chinwe, Ekeh reiterated the organisation’s preparedness done strategy testing, capableness building, and a dependable backing strategy to enactment the clearing of unlisted securities nether the caller regime.

The divisional head, CSCS Depository, Onome Komolafe, said the clearing location had carried retired a broad infrastructure upgrade and reappraisal of operational processes to guarantee the transition, moving the nation’s superior strategy to the league of precocious markets. She besides addressed the participants connected the methods for implementation of the caller colony system, method spread analysis, hazard management, compliance model and implications, arsenic good arsenic the timelines and milestones. The T+2 colony rhythm represents a important stride towards modernising Nigeria’s superior marketplace infrastructure and creating a much efficient, transparent, and globally-aligned fiscal ecosystem.