‎CSCS leads strategic webinar on Nigeria’s shift to T+2 settlement framework

By Chioma Obinagwam
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‎Central Securities Clearing System Plc, (CSCS) will host a significant webinar titled “Advancing Market Efficiency through T+2 Settlement” as part of industry-wide engagement ahead of Nigeria’s transition to the T+2 Settlement cycle, scheduled to go live on Friday, 28th November 2025.
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‎The organisation told Confiance News in a statement on Tuesday.
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‎The virtual event will be held on Wednesday, 10th September 2025 at 10:00 AM and will bring together the Director General of the Securities and Exchange Commission (SEC), alongside the heads of Nigeria’s securities exchanges, underscoring the importance of this market-wide transformation.
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‎Speakers at the webinar include:
‎• Dr. Emomotimi Agama, Director General, Securities and Exchange Commission (SEC)
‎• Haruna Jalo-Waziri, MD/CEO, Central Securities Clearing System Plc (CSCS)
‎• Jude Chiemeka, CEO, Nigerian Exchange Limited (NGX)
‎• Eguarekhide Longe, MD/CEO, NASD Plc
‎• Akinsola Akeredolu-Ale, MD/CEO, Lagos Commodities and Futures Exchange (LCFE) Ltd
‎• Onome Komolafe, Chairman, Settlement Cycle Review Committee (SCRC), and Div. Head, Business Services and Client Experience, CSCS Plc.
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‎The T+2 Settlement initiative, driven by the SEC’s directive, marks Nigeria’s transition from T+3 (trade date plus three days) to T+2 (trade date plus two days) settlement cycle. This move aligns Nigeria’s capital market with global standards, enhances liquidity, mitigates counterparty risk, and strengthens investor confidence.
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‎Haruna Jalo-Waziri, MD/CEO of CSCS, stated “The transition to T+2 is a significant milestone for the Nigerian capital market and a testament to the collaborative spirit of our ecosystem. This shift not only brings our market in line with global best practices but also deepens efficiency, resilience, and investor trust. CSCS is proud to coordinate this journey with the support of regulators, exchanges, and market stakeholders.”
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‎Confiance News gathered that he Settlement Cycle Review Committee (SCRC), coordinated by CSCS and comprising key industry stakeholders, has led a structured multi-phase assessment process to develop a robust implementationN framework.
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‎The comprehensive report was submitted to the SEC for regulatory review and approval, paving the way for a seamless transition.
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‎The webinar will provide stakeholders with updates, guidance, and clarity on the implementation process to ensure adequate preparation ahead of the November 28th go-live date.
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‎Stakeholders are invited to register via this link: https://us02web.zoom.us/webinar/register/WN_bGYP_NxrQM2dUjgW54SvBg#/registration
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