CSCS Boss Shantali Says T+1 Settlement Targets Long-Term Capital Market Growth
CSCS CEO Shantali states Nigeria's T+1 settlement shift aims to deepen long-term capital market growth.Summary
The chief executive of the Central Securities Clearing System (CSCS), Mr Shehu Yahaya Shantali, asserts that Nigeria's adoption of the T+1 settlement cycle is a strategic move designed to deepen long-term growth in the capital market. He emphasizes that this shift, which reduces the settlement period from two days to one, reflects years of investment in infrastructure and technology to transform Nigeria into a globally competitive investment destination. The move is expected to enhance liquidity, improve capital efficiency, and reduce counterparty risk. The Securities and Exchange Commission (SEC) Director-General, Mr Emomotimi Agama, notes that the reform signals Nigeria's readiness to compete at the highest levels of global finance, highlighting that the country transitioned from T+2 to T+1 within six months.
(Source：Naijaonpoint.com.ng)