No settlement default recorded since T+1 adoption — SEC

Author: NwaforPublished on: August 30, 2026Country: Nigeria

Business & Economy

No settlement default recorded since T+1 adoption — SEC

The Securities and Exchange Commission (SEC) announced that no settlement default has been recorded since Nigeria's migration to the T+1 settlement cycle. SEC Director-General Dr. Emomotimi Agama stated that the transition has been well received by local and international investors. Feedback from investors has been excellent, and the settlement deadline set at 5:00 p.m. has allowed custodian banks to meet their obligations.

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