[Nigerian Stock Market to Implement T+2 Settlement Cycle to Enhance Liquidity and Investor Confidence] Jin10 News, November 26 – Nigeria is adjusting the settlement cycle of its stock market to two working days after the transaction date (T+2) in a bid to improve market liquidity and attract more investors. The Central Securities Clearing System (CSCS) of the country stated in an email announcement that the new settlement cycle will take effect on November 28, shortening the current practice by one day. CSCS noted that this move "enhances market liquidity and significantly reduces counterparty risk." By the number of listed companies, Nigeria has the third-largest stock market in Africa. Alongside Egypt and Zimbabwe, it is one of the only markets on the continent to implement the so-called T+2 settlement cycle. The adoption of the new settlement timeline by the Nigerian Exchange Group may also attract the country’s large youth population to the stock market instead of cryptocurrencies. CSCS CEO Waziri stated: "By transitioning to T+2, we not only accelerate the speed of transaction completion but also strengthen the overall integrity and appeal of Nigeria's capital market."