The Chairman of the Association of Securities Dealing Houses of Nigeria, Sehinde Adenagbe, has described the newly introduced T+1 settlement cycle by CSCS Plc as a transformative development for Nigeria’s capital market, noting that it will enhance market efficiency, reduce settlement risks, and boost investor confidence.
Speaking on the implications of the new settlement framework, Adenagbe said the transition to T+1 settlement marked a significant milestone in the evolution of Nigeria’s securities market and would require stockbroking firms to adapt quickly to a faster settlement environment.
According to him, the initiative will fundamentally change trade processing dynamics across brokerage firms, placing greater emphasis on operational efficiency, liquidity management, and technology-driven processes.
“The T+1 settlement cycle is a major reform that will improve market efficiency and strengthen the integrity of the trading ecosystem. However, it also raises operational expectations for brokers, who must now maintain near real-time settlement readiness, stronger liquidity
This post was originally published on this site.
