SEC Fixes Timeline for T+1 Settlement Deadline in Nigeria's Capital Market

SEC fixes timeline for T+1 settlement deadline in Nigeria's capital market

Nigeria’s Securities and Exchange Commission, SEC, has fixed 5:00 pm on the first business day after trading as the settlement deadline for eligible equities and commodities. SEC disclosed this in a circular on Wednesday to all capital market operators in Nigeria. The Commission explained that the measure formed part of the implementation of the T+1 settlement cycle […] SEC fixes timeline for T+1 settlement deadline in Nigeria’s capital market

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SEC’s new 5:00 p.m. T+1 funding deadline promises faster, safer settlement—but puts brokers, custodians and investors under tighter operational discipline.

SEC Fixes 5 pm T+1 Settlement Deadline for Equities, Commodities

By Aduragbemi Omiyale As part of the implementation of the T+1 settlement cycle in the Nigerian capital market, the Securities and Exchange Commission (SEC) has fixed 5:00 pm on the first business day after a transaction (T+1) as the settlement deadline for equities and commodities traded and settled through the Central Securities Clearing System (CSCS). […]

SEC tightens settlement clock, sets 5pm T+1 deadline for market trades

The Securities and Exchange Commission (SEC) has fixed 5:00 p.m. on Trade Date plus One (T+1) as the settlement deadline for equities and commodities transactions in Nigeria’s capital market, providing further clarity on the implementation of the shortened settlement cycle. The Commission disclosed this in a public notice signed by its management on August 12, […] The post SEC tightens settlement clock, sets 5pm T+1 deadline for market trades ap…

SEC Fixes 5pm T+1 Settlement Deadline for Equities, Commodities

The Securities and Exchange Commission (SEC) has fixed 5:00 p.m. on the first business day after a transaction (T+1) as the settlement deadline for equities and commodities traded and settled through the Central Securities Clearing System (CSCS). The Commission made this clarification in a circular issued on Wednesday to capital market operators and other market participants as part of the implementation of the T+1 settlement cycle in the Nigeri…