CSCS invests N1.3b to power Nigeria’s shift to faster T+2 market settlement
CSCS Plc invested N1.3 billion to transition Nigeria's stock market settlement cycle from T+3 to T+2, which went live on Friday. This upgrade modernizes post-trade infrastructure, reduces settlement risks, and improves efficiency. CEO Haruna Jalo-Waziri emphasized the investment was carefully managed and aligns with global best practices. The market is already preparing for a T+1 cycle by May 2026, supported by Tartar's post-trade solutions. SEC commended the effort, urging vigilance and collaboration for sustained market stability.
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Verified on Nov 29, 2025