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NGX Meets FTSE Russell in London to Address T+1 Settlement Concerns The Nigerian Exchange Group (NGX) recently took a crucial step in engaging with FTSE Russell and international investors in London to discuss concerns surrounding Nigeria’s T+1 settlement cycle. This meeting, led by NGX Chairman Umaru Kwairanga, highlights ongoing efforts to modernize the Nigerian capital market infrastructure. What is T+1 Settlement? T+1 refers to the settlement cycle where trades are settled one business day after the transaction date. This is a shift from the previous T+3 cycle (three business days). The shorter cycle aims to reduce risk and improve liquidity but requires strong operational systems.
Why it matters
The T+1 cycle impacts how quickly investors can access funds and securities after a trade. For international investors, concerns around operational readiness and risk management have slowed enthusiasm. Addressing these concerns with key stakeholders like FTSE Russell, a major index provider, is vital to maintaining and growing foreign investment.
TBS Take
This meeting signals that NGX is serious about aligning Nigeria’s market with global best practices. Resolving T+1 concerns will be critical to attracting more foreign capital and improving market efficiency. It also reflects a broader push to upgrade market infrastructure, which has been a bottleneck for deeper investor participation.
What to watch
The outcome of these discussions will determine how quickly Nigeria can fully implement T+1 without alienating international investors. Market participants should watch for further updates on operational readiness, regulatory adjustments, and feedback from global custodians. This development belongs on the radar of investors, regulators, fintech innovators, and listed companies as it could reshape Nigeria’s capital market landscape.
Source: https://nairametrics.com/2026/07/12/breaking-ngx-meets-ftse-rusell-international-investors-in-london-over-t1-concerns/
