The Securities and Exchange Commission (SEC) is targeting a near-zero trade fail rate as Nigeria's capital market transitions to a T+1 settlement cycle in the second half of 2026, Nairametrics reports.
The move brings Nigeria in line with global best practice and is expected to reduce counterparty risk, free up working capital for brokers, and improve investor confidence.
Market operators including dealing member firms, custodians, and central counterparties are working closely with the SEC and the NGX to ensure operational readiness ahead of the switch.
