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NGX Expands Market Offerings With Introduction Of Commercial Paper Listings

Amaka Obiefuna

Nigerian Exchange Limited (NGX) has introduced Commercial Paper (CP) listings, following approval from the Securities and Exchange Commission, marking another significant expansion of its product suite in a year defined by accelerated innovation. This development deepens Nigeria’s short-term debt market and reinforces NGX’s role as a versatile hub for capital formation.

The new listing window enables corporates and issuers to list and trade both conventional and non-interest commercial papers directly on the Exchange, providing investors with enhanced visibility, increased transparency and improved liquidity. It also advances NGX’s broader strategy of diversifying its offerings and strengthening the architecture of the domestic capital market.

Commenting on the launch, Temi Popoola, Group Managing Director and CEO of NGX Group, commended the Securities and Exchange Commission for its commitment to enabling market advancement and fostering healthy competition across the ecosystem. He stated: “The introduction of Commercial Paper listings is a pivotal step in our strategy to position NGX as a comprehensive capital-markets infrastructure that accelerates capital formation across Africa. As we continue strengthening the foundations of a transparent, technology-driven and inclusive marketplace, our focus remains on building a system that supports sustainable growth, enhances market resilience and unlocks new opportunities for the broader economy.”

Commercial Papers (CPs) are short-term, unsecured debt instruments issued by corporates to finance working capital needs and other short-term obligations. Typically maturing within 270 days, CPs are issued at a discount and redeemed at face value upon maturity offering corporates a cost-effective alternative to bank loans and providing investors with attractive short-term investment opportunities.

Also speaking on the development, Jude Chiemeka, CEO, Nigerian Exchange Limited, stated: “The introduction of Commercial Paper listings represents a major advancement in our mission to provide a full spectrum of capital-raising solutions for businesses. This platform enhances transparency in the debt market and supports corporates seeking efficient access to funding outside traditional banking channels, while offering investors credible short-term investment options. NGX will continue to engage with corporates, intermediaries, and investors to deepen liquidity and participation in Nigeria’s debt capital market.”

Olufemi Shobanjo, CEO of NGX Regulation Limited, added that strong oversight will remain central as the market evolves. “Our priority is to maintain high standards of disclosure, promote accountability and safeguard investor confidence while contributing to market deepening,” he emphasised.

With the inclusion of commercial papers, NGX now offers an integrated environment spanning equities, fixed income, ETFs, derivatives and short-term debt advancing its ambition to be a one-stop marketplace for capital across asset classes.

About Nigerian Exchange Limited (NGX)

Nigerian Exchange Limited (NGX), a wholly owned subsidiary of the Nigerian Exchange Group (NGX Group), is a leading listing and trading venue in Africa with its history dating back to 1960. It is an open, professional, and vibrant exchange, connecting Nigeria, Africa, and the world.

NGX is a multi-asset exchange providing a home to the best of African enterprises listed on our Premium, Main, and Growth Boards; diverse fixed income securities; Exchange Traded Products (ETPs); Mutual and other investment funds. Through our vibrant secondary market, we provide domestic and international investors access to these securities. In addition, NGX provides licensing services, market data solutions, ancillary technology services, and more in our quest to be Africa’s preferred exchange hub.

by Online Poster — December 3, 2025 in Capital Market

SEC vows Intensified Collaboration To Prosecute Ponzi Scheme Perpetrators

The Securities and Exchange Commission (SEC) has reaffirmed commitment to strengthen inter-agency collaborations to identify and prosecute the promoters of Ponzi schemes in line with the Investments and Securities Act (ISA) 2025.

The Divisional Head, Legal and Enforcement, SEC, Mr John Achile, said this at the commission’s Journalists’ Academy 2025 in Lagos.

Achille said the commission would strengthen various interagency collaborations to identify the promoters and those trading the assets.

He said SEC would continue to ensure criminal investigation/prosecution in collaboration with law enforcement agencies such as the Nigeria Police Force, EFCC and Office of Attorney General of the Federation among others.

Speaking on the topic: “Combating Investments Fraud, Ponzi Schemes and Illegal Investments,” he said the commission would continue to freeze the accounts and seal-up offices of the preparators.

Highlighting the characteristics of Ponzi scheme, Achile said it requires the entrance of new investors to pay existing investors.

According to him, investors are usually provided with fake documents or incomplete documents.

He listed other characteristics to include high returns on investment with little or no risk, consistent promise of positive returns despite the economics difficulties, not registered by the appropriate regulatory agencies and promoters not known to the regulators.

He urged Nigerians to conduct thorough due diligence and be skeptical of “get-rich-quick” promises in order not to burn their hands.

He called on investors to enquire from regulators of the sector of business touted before investing.

“Ponzi scheme could be structured as investment in agricultural business or processing along the value chain, investment in Bitcoin or cryptocurrency or other digital currencies and investment in gold coins or precious stones,” he said.

He noted that Ponzi scheme undermines confidence in the financial markets, loss of confidence in the regulator and the government when failurw occurs, reduces deposit in commercial banks, diversion of savings, huge scale of loses to investors and attendant socio-economic problems.

by Online Poster — December 1, 2025 in Capital Market

CSCS Plc Announces GO-LIVE OF T+2 Settlement Cycle In Nigerian Capital Market

Amaka Obiefuna

The Central Securities Clearing System Plc (CSCS), Nigeria’s premier capital market infrastructure, is pleased to announce the official go-live of the T+2 settlement cycle in the Nigerian capital market, effective today, Friday, 28 November 2025. This transition from the long-standing T+3 cycle represents a significant milestone in the ongoing modernisation of Nigeria’s post-trade infrastructure and reflects the market’s collective commitment to global best practices.

With the implementation of T+2, all trades executed from today will now settle two business days after the trade date. This achievement strengthens operational efficiency, enhances market liquidity, and significantly reduces counter-party risk, ultimately improving investor experience and ensuring quicker access to funds and securities. The transition also positions Nigeria more competitively within the global capital market landscape, where shorter settlement cycles are increasingly becoming the standard.

Haruna Jalo-Waziri, Managing Director and Chief Executive Officer of CSCS, expressed confidence in the readiness of the market. “The successful commencement of the T+2 settlement cycle is the product of extensive collaboration, rigorous testing, and the unwavering commitment of all market stakeholders. We are proud to lead this change at a time when efficiency and resilience are critical pillars for market competitiveness.”

Mr Jalo-Waziri further added, “As we embrace the T+2 framework, we are unlocking efficiencies that will shape the future of Nigeria’s capital market for years to come. This milestone sends a clear message that the Nigerian market is evolving, forward-thinking, and determined to match and surpass global benchmarks in post-trade operations.”

CSCS has worked closely with the Securities and Exchange Commission (SEC), exchanges, market operators, custodians, and key trade associations to ensure smooth implementation. Comprehensive readiness assessments, industry-wide testing, and participant engagements were conducted to guarantee that systems, processes, and operational frameworks were aligned with the new cycle ahead of today’s launch.

As the market adjusts to this new settlement environment, CSCS remains committed to providing continuous support and guidance. The organisation has also made implementation procedures and guidelines available to all market participants to aid operational clarity and ensure seamless adoption. You can access these on our website dedicated to the transition at https://www.cscs.ng/ngt2/

The T+2 transition marks another bold step in CSCS’s long-standing mission to drive innovation and operational excellence across Nigeria’s capital market. The organisation will continue to champion initiatives that strengthen market confidence, promote efficiency, and align the Nigerian market with global standards.

by Online Poster — November 28, 2025 in Capital Market

AFC, NGX Strengthen Market Capability To Unlock Capital For Nigeria’s Infrastructure Development

Amaka Obiefuna

Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, and Nigerian Exchange Limited (NGX), the sustainable exchange championing the development of Africa’s largest economy have concluded a two-day capacity-building programme designed to strengthen the technical capabilities required to structure and finance infrastructure projects through Nigeria’s capital markets. The two-day workshop, held on 17–18 November 2025 in Lagos, convened professionals from regulatory agencies, institutional investors, project sponsors, and financial institutions to strengthen capacity in project and infrastructure finance, and to explore how Nigeria’s capital markets can serve as a critical platform for financing sustainable infrastructure.

Nigeria’s infrastructure deficit, long recognized as a constraint on productivity and competitiveness, is estimated to reach US$2.3 trillion by 2043, with some projections rising toward US$3 trillion over the coming decades. The workshop was convened to address the urgent need for innovative financing mechanisms capable of mobilizing long-term domestic capital into bankable infrastructure opportunities.

Banji Fehintola, Executive Board Member and Head of Financial Services at AFC said,” Closing the continent’s funding gap requires building local expertise and robust market structures that can support complex, long-term projects. At AFC, we are committed to advancing not just project financing, but the full framework required to deliver bankable, sustainable infrastructure solutions. Our partnership with NGX reflects our belief that Nigeria’s capital markets can and must play a pivotal role in mobilising the scale of domestic resources required to drive the country’s long-term development.”

Over the two-day programme participants explored frameworks for project structuring, risk allocation and credit enhancement- tools essential for bringing infrastructure assets to market. The sessions also examined emerging capital market instruments including green bonds, infrastructure REITs, blended finance structures and partial risk guarantees, highlighting practical pathways to mobilize long-term domestic and international capital for infrastructure.

Jude Chiemeka, Chief Executive Officer of NGX, highlighted the importance of deepening expertise across the market: “As capital markets assume a more central role in financing Africa’s development, building technical depth across the entire ecosystem becomes essential. Through NGX X-Academy, our dedicated capacity-building platform, we are equipping market participants with the specialized knowledge required to originate, structure and manage infrastructure assets that meet both local needs and global investment standards. This collaboration with AFC is a critical step in ensuring that Nigeria and the wider region develop the institutional capabilities to attract and deploy patient capital at scale.”

The workshop marks a milestone in the growing collaboration between AFC and NGX, reinforcing their shared commitment to unlocking sustainable, market-led infrastructure financing. Both institutions plan to build on this momentum through follow up initiatives aimed at deepening engagement and translating insights from the programme into tangible financing solutions for critical infrastructure projects.

About Africa Finance Corporation (AFC)

AFC was established in 2007 to be the catalyst for pragmatic infrastructure and industrial investments across Africa. AFC’s approach combines specialist industry expertise with a focus on financial and technical advisory, project structuring, project development, and risk capital to address Africa’s infrastructure development needs and drive sustainable economic growth.

Eighteen years on, AFC has developed a track record as the partner of choice in Africa for investing and delivering on instrumental, high-quality infrastructure assets that provide essential services in the core infrastructure sectors of power, natural resources, heavy industry, transport, and telecommunications. AFC has 47 member countries and has invested over US$17 billion in 36 African countries since its inception.

About Nigerian Exchange Limited (NGX)

by Online Poster — November 27, 2025 in Capital Market

SEC Tasks Market Operators On Sustained Compliance Culture After Nigeria’s Exit From FATF Grey List

The Director General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has urged financial sector stakeholders to strengthen and sustain a culture of proactive compliance to safeguard Nigeria’s position in the global financial system following its recent exit from the Financial Action Task Force (FATF) Grey List.

Speaking at the Nigerian Capital Market Institute Compliance Summit on Monday, Agama described the gathering as crucial to the future of the country’s financial markets, noting that discussions at the summit touch “the very heart of the market’s integrity, stability and future.”

Agama said Nigeria’s removal from the FATF Grey List was a major national achievement and a strong global endorsement of the country’s resolve to strengthen its Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT) framework.

He said: “This was not a mere administrative update; it was a resounding global affirmation of our collective and unwavering commitment”.

Crediting the success to the joint efforts of public and private sector institutions, he commended operators, regulators and compliance professionals for their roles in achieving the milestone.

The SEC boss, however, cautioned that the exit should not be seen as the end of the journey.

“Exiting the grey list is not the finish line; it is the starting block for a new race. The world is watching,” he said.

Agama stressed that international investors and global financial institutions will continue to monitor Nigeria to determine whether the reforms are sustainable and whether the country’s compliance culture is deeply entrenched.

He said the theme of the summit underscored the need to shift from compliance driven by external pressure to a more strategic, proactive and permanent culture of adherence to global standards.

“Robust compliance is no longer a regulatory burden; it is our single most powerful competitive advantage. A compliant market is a transparent market, and a trustworthy market is the destination for capital.”

According to him, Nigeria’s strengthened compliance regime signals to the international community that the country is “open for business, safe, secure and sophisticated.”

Agama called for continuous improvement across institutions, especially through the adoption of RegTech and SupTech solutions, regular training of compliance officers, and promotion of ethical conduct across the financial services ecosystem.

He assured stakeholders that the SEC would continue to provide strong regulatory guidance, constructive supervision and the necessary engagement to keep Nigeria aligned with global standards.

The SEC DG urged participants at the summit to share insights and develop practical solutions that will “future-proof” the Nigerian capital market.

“Let us work together to ensure that Nigeria never again finds itself on that list,” Agama said, expressing hope that the country would instead feature among the world’s most resilient and compliant emerging markets.

In her remarks, Executive Commissioenr Legal and Enforcment at the SEC, Ms. Frana Chukwuogor said the capital market has a new law that was signed by the President in 2025 saying that one of the greatest challenges that compliance officers and even market operators face, when there’s a change in regulation is that they don’t have enough information on what has changed.

She said “How can you be compliant if you don’t know what has changed? So our focus here today is to bring the attention, call the attention to some of the new issues, some of the new areas that may pose risks to them and the market.

Ms. Chukwuogor said Some of those issues will deal with some of the threats being faced with Ponzi schemes and digital assets.

“All of you remember that this October, this just past October, we were removed from the gray list. So, yes, we want every participant, every capital market operator, especially the CEOs, to first know, to compel the people who work with them, especially the compliance officers, to learn the new issues that the Investment and Securities Act 2025 requires of them.

The Executive Commisisoner disclosed that the Commission intends to measure compliance by ensuring that operators file returns adding that failure to do so could result in sanctions.

by Online Poster — November 24, 2025 in Capital Market

Q3 2025: Fidelity Bank Grows Interest Income By 33%, Fee Income By 47%

Amaka Obiefuna

Fidelity Bank Plc, a leading financial institution, has released its unaudited financial statements for the third quarter ended September 30, 2025. The results show impressive performance across key income lines and operational metrics.

According to the statements published on the Nigerian Exchange Group (NGX) portal on November 21, 2025, the Bank reported Gross Earnings of ₦366.1 billion for Q3 2025. This represents an 8 percent increase from the ₦338.9 billion recorded in Q3 2024. The growth was driven by strong interest income and sustained momentum in fee-based revenues.

Interest Income, calculated using the effective interest rate method, rose by 33 percent to ₦285.6 billion in Q3 2025, compared to ₦214.7 billion in Q3 2024. Other Interest Income more than doubled, rising from ₦13.0 billion in the corresponding period of 2024 to ₦34.2 billion. This underscores significantly improved returns from non-core lending activities.

Year-to-date, the Bank achieved a major milestone with Gross Earnings surpassing ₦1.1 trillion, the highest in its history. This is an increase from ₦772.5 billion in Q3 2024. The Bank’s total assets also crossed the ₦10 trillion mark, driven by robust growth in cash, customer loans, and investment securities; this compares to ₦8.8 trillion in Q3 2024. Net Interest Income for the nine-month period reached ₦565.3 billion, while fee and commission income totaled ₦84.5 billion. The respective figures for Q3 2024 were ₦470.5 billion and ₦56.3 billion.

Credit Loss Expenses moved to ₦900 million from ₦32.8 billion in Q3 2024; however, Net Interest Income remained flat at ₦144.8 billion, compared to ₦143.7 billion in Q3 2024. This reflects improved asset quality and effective risk management practices. Fee and Commission Income grew by 47.2 percent to ₦31.1 billion, up from ₦21.1 billion in Q3 2024, driven by increased transaction volumes and digital banking adoption. Foreign currency revaluation gains contributed ₦14.1 billion to Non-Interest Revenue, while other Operating Income rose to ₦1.1 billion from ₦447 million in Q3 2024.

by Online Poster — November 22, 2025 in Capital Market

SEC Unveils Agenda For 2025 Compliance Summit, Targets Innovation-Driven Oversight

The Securities and Exchange Commission (SEC) has released key details of the SEC/Nigerian Capital Market Institute (NCMI) Compliance Summit 2025, scheduled to hold from November 24–25 at the Lagos Oriental Hotel, with a strong emphasis on reforms to the Investments and Securities Act (ISA) and the integration of technology-driven compliance practices across Nigeria’s capital market.

Positioned as a strategic continuation of the successful 2024 edition, the 2025 summit will focus on strengthening transparency, efficiency, and resilience within the capital market ecosystem.

According to the Commission, the event aims to promote innovation-led regulatory practices that address emerging risks while supporting the evolving market structure.

The summit, with the theme “Innovation and Compliance – Balancing Risks and Opportunities,” will convene capital market operators, self-regulatory organizations, FinTech innovators, regulators, and compliance professionals to discuss risk-based, forward-looking compliance strategies.

The SEC said compliance officers are expected to participate, given their central role in safeguarding market integrity and ensuring institutions adapt swiftly to regulatory changes.

The Commission explained that the gathering will promote innovation-driven compliance strategies to enhance regulatory efficiency, deepen dialogue on beneficial ownership transparency and customer due diligence, and highlight the importance of RegTech and data analytics for real-time transaction monitoring.

It will also emphasize stronger board and senior management involvement in fostering a robust compliance culture, along with strengthening public-private sector collaboration to sustain Nigeria’s progress in Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT).

According to the SEC, the summit will provide an unparalleled platform for in-depth analysis of regulatory evolution, featuring expert-led sessions examining ISA 2025 compliance requirements and changing expectations for market participants. It will also facilitate multi-stakeholder engagement on technology innovation and risk, especially as digitization accelerates through the growth of Virtual Asset Service Providers (VASPs) and FinTech platforms, creating a greater need for advanced compliance tools such as RegTech and data analytics.

The Commission added that the forum will help build clarity and consensus on leadership responsibilities in compliance by addressing ambiguities, sharing insights, and strengthening governance frameworks that integrate compliance into strategic decision-making. It will further outline both immediate and long-term strategies for implementing the new law, addressing potential gaps, and developing practical solutions.

The summit is also expected to support knowledge transfer and capacity building by aligning stakeholder perspectives, fostering trust, and collectively developing resilient and forward-looking compliance models.

The SEC described the 2025 Compliance Summit as a pivotal step in advancing financial integrity, innovation, and investor confidence in Nigeria’s capital market as the regulatory landscape continues to evolve.

by Online Poster — November 20, 2025 in Capital Market

FG Moves To Bridge Housing Gap As SEC, FMBN Partner On Non-Interest Mortgage Framework

The partnership, unveiled at a high-level meeting in Abuja, Friday, seeks to create and regulate viable, Sharia-compliant financing structures that will enable millions of Nigerians, particularly those excluded from conventional interest-based loans, to access affordable homeownership.

With Nigeria’s housing deficit estimated to be over 28 million units, the initiative is being hailed as a potential game-changer. It directly addresses a key barrier to homeownership: the affordability and religious compliance of mortgage products for a significant segment of the population.

Director-General of the SEC, Dr. Emomotimi Agama while emphasizing the Commission’s role in ensuring the integrity and stability of the proposed financial instruments, stated that the SEC would provide the necessary regulatory guidance and framework to facilitate the issuance of Sukuk (imic bonds) and other non-interest capital market products to fund these mortgages.

“Our collaboration with FMBN is pivotal to unlocking long-term financing for the housing sector,” Dr. Agama said. “By creating a clear regulatory pathway for non-interest mortgage-backed securities, we can attract ethical investors, both domestic and international, to channel funds into this critical area. This will create a virtuous cycle of funding, construction, and ownership.”

In his remarks, the Managing Director/Chief Executive Officer of FMBN, Mr. Shehu Osidi, stated that the collaboration marks a critical step in fulfilling the bank’s mandate to provide affordable housing for all Nigerians.
“For a long time, a substantial number of our citizens have been unable to participate in the National Housing Fund (NHF) scheme due to the interest-based nature of conventional mortgages. This partnership with SEC is a strategic response to that gap.

We are committed to developing non-interest mortgage products that are not only ethical and inclusive but also financially sustainable.”,”Osidi said.

Also commenting, Housing and finance expert, Mr Ebilate McYoroki , welcomed the development describing it as “long overdue.”
“This is a masterstroke in financial inclusion,” he said. “It taps into a vast pool of potential homeowners and investors who have previously been on the sidelines. If implemented transparently, it could significantly accelerate the pace of housing delivery in the country.”

The successful implementation of this framework is expected to not only reduce the housing deficit but also stimulate the construction industry, create jobs, and foster greater financial inclusion, ultimately contributing to national economic growth.
How the Non-Interest Mortgage Model Works
Unlike conventional mortgages that charge interest, non-interest financing is based on principles of risk-sharing, asset-backing, and equitable returns. The models under consideration include:
· Musharakah (Diminishing Partnership): The bank and the customer jointly purchase a property. The customer gradually buys out the bank’s share through periodic payments, eventually becoming the sole owner.
· Ijara (Lease-to-Own): The bank buys the property and leases it to the customer for a fixed period. A portion of the rental payments goes towards the eventual ownership transfer.
· Murabaha (Cost-Plus Sale): The bank acquires the property and sells it to the customer at a pre-agreed markup, payable in installments.

by Online Poster — November 20, 2025 in Capital Market

Fidelity Bank Grows Gross Earnings By 46% To ₦748.7 Billion For H1 2025

Fidelity Bank Plc has announced its audited financial results for the half-year ended 30 June 2025, demonstrating resilience and sustained growth across key performance indicators.

Highlights of the financial results which was uploaded on the Nigerian Exchange (NGX) portal on Thursday, 13 November 2025 shows that the bank delivered robust results across key financial metrics including Gross Earnings, which stood at ₦748.7 billion, up from ₦512.9 billion in H1 2024; Net Interest Income, which rose to ₦420.4 billion, compared to ₦326.4 billion in H1 2024; and Customer Deposits, which grew to ₦7.2 trillion, from ₦5.9 trillion in FY 2024.

Similarly, the bank’s Net Revenue increased to ₦444.4 billion, compared to ₦396.8 billion in H1 2024.

Fidelity Bank continued to expand its digital banking footprint, enhance customer experience, and support key sectors of the economy. The bank’s loan book grew, with Net Loans and Advances expanding to ₦4.9 trillion, up from ₦4.4 trillion in FY 2024, reflecting increased support for businesses and individuals. Asset quality remained stable, with non-performing loans well within acceptable limits.

The bank’s capital raising initiatives have further strengthened its financial position, ensuring readiness to meet new regulatory requirements and pursue growth opportunities. Fidelity Bank’s strong liquidity profile and robust governance framework provide a solid foundation for continued success.

Ranked among the best banks in Nigeria, Fidelity Bank Plc is a full-fledged Commercial Deposit Money Bank serving over 9.1 million customers through digital banking channels, its 255 business offices in Nigeria and United Kingdom subsidiary, FidBank UK Limited.

The Bank is a recipient of multiple local and international Awards, including the 2024 Excellence in Digital Transformation & MSME Banking Award by BusinessDay Banks and Financial Institutions (BAFI) Awards; the 2024 Most Innovative Mobile Banking Application award for its Fidelity Mobile App by Global Business Outlook, and the 2024 Most Innovative Investment Banking Service Provider award by Global Brands Magazine. Additionally, the Bank was recognized as the Best Bank for SMEs in Nigeria by the Euromoney Awards for Excellence and as the Export Financing Bank of the Year by the BusinessDay Banks and Financial Institutions (BAFI) Awards

by Online Poster — November 15, 2025 in Capital Market

SEC To Begin T+2 Settlement Cycle In Nigerian Capital Market November 28

SEC Begins T+2 Settlement Cycle in Nigerian Capital Market Nov. 28 ‎ - Pointblank News

The Securities and Exchange Commission (SEC) has announced that the Nigerian capital market will officially transition to a T+2 settlement cycle for equities transactions from Friday, November 28, 2025, in a move designed to align with global best practices and enhance market efficiency.

The Commission disclosed this in a statement on Thursday, noting that the transition from the current T+3 (trade date plus three days) settlement cycle is now at the implementation stage following months of preparation and stakeholder testing.

According to the SEC, the “migration is expected to significantly enhance the Nigerian Capital Market by allowing investors quicker access to funds, thereby enhancing overall market liquidity and reducing counterparty risk exposure, thereby fostering a more stable and resilient market environment”.

The Commission added that “As the central counterparty, CSCS Plc has dedicated considerable effort and resources to ensure seamless operational and technical readiness throughout the transition”.

“Extensive testing with market participants has been successfully conducted without any reported issues, reflecting high confidence in the market’s preparedness for this landmark change”, it disclosed.

Under the new system, all trades executed on Friday, November 28, 2025, will settle on Tuesday, December 2, 2025, while transactions carried out before that date will continue to follow the existing T+3 schedule. This means that trades executed on Thursday, November 27, will also settle on December 2, coinciding with the first batch of T+2 settlements.

The SEC reaffirmed its commitment to building a modern, efficient, and transparent capital market, adding that it will continue to engage stakeholders to drive further improvements and strengthen Nigeria’s position as an attractive investment destination.

For further information, the Commission advised stakeholders to contact emidivision@sec.gov.ng.

by Online Poster — November 14, 2025 in Capital Market