The Securities and Exchange Commission (SEC) has announced that the Nigerian capital market will officially transition to a T+2 (trade date plus three days) settlement cycle for equities transactions from November 28, 2025, in a move designed to align with global best practices and enhance market efficiency.

The commission disclosed this in a statement yesterday, noting that the transition from the current T+3 settlement cycle is now at the implementation stage following months of preparation and piloting.

According to the SEC, the migration is expected to significantly enhance the Nigerian capital market by allowing investors quicker access to funds, thereby enhancing overall market liquidity and reducing counterparty risk exposure. This would help foster a more stable and resilient market.

“As the central counterparty, CSCS Plc has dedicated considerable effort and resources to ensure seamless operational and technical readiness throughout the transition.

“Extensive testing with market participants has been successfully conducted without any reported issues, reflecting high confidence in the market’s preparedness for this landmark change”, it added.

Under the new system, all trades executed on Friday, November 28, 2025, will settle on Tuesday, December 2, 2025, while transactions carried out before that date will continue to follow the existing T+3 schedule.

This means that trades executed on Thursday, November 27, will also settle on December 2, coinciding with the first batch of T+2 settlements.

The SEC reaffirmed its commitment to building a modern, efficient, and transparent capital market, adding that it will continue to engage stakeholders to drive further improvements and strengthen Nigeria’s position as an attractive investment destination.

Meanwhile, the equities market sustained a rising profile yesterday as market capitalisation of listed equities appreciated by N1 trillion to N93.48 trillion from N92.477 trillion reported the previous day.

The all-share index also increased by 1577.34 basis points to 146,981.17 points from 145,403.83 points traded the previous day.

A breakdown of yesterday’s transactions showed that Linkage Assurance and Custodian Insurance led the gainers’ chart with 10 per cent to close at N1.76 kobo and N38.50 kobo, respectively.

Oando Plc followed with a gain of 9.97 per cent to close at N43.55 kobo. Legend Internet and NAHCO added 9.96 per cent each to close respectively at N5.74 kobo and N106.55 kobo.

On the contrary, AustinLaz topped the losers’ chart, dropping 96 per cent to close at N2.35 kobo. Union Dicon trailed with a loss of 9.68 per cent to close at N7. Sterling Bank declined by 5.81 per cent to close at N7.30 kobo, NGX group dipped by 5.31 per cent to close at N52.60 kobo. Guinness Nigeria Plc sheds 5.14 per cent to close at N166.

Volume of trades declined by 206.689 million, representing 25.63 per cent, as investors traded 599.710 million against 806.399 million traded the previous day. Transactions in the shares of Wema Bank led market activities with 98.434 million shares valued at N1.948 billion.