L – R shows Chinwendu Ekeh, Head, Operations & IT, NASD Plc; Hafsat Rufai, Director of Registration, Exchanges and Market Infrastructure Department (REMI), Securities and Exchange Commission (SEC); Temi Popoola, Chairman, Central Securities Clearing System (CSCS) Plc and GMD/CEO, Nigerian Exchange Group (NGX Group); Bola Ajomale, Executive Commissioner Operations, SEC; Haruna Jalo-Waziri, MD/CEO, CSCS Plc; Onome Komolafe, Divisional Head, Business Services & Client Experience, CSCS Plc and Abimbola Babalola, Head, Trading and Products, Nigerian Exchange Limited (NGX) during the T+2 Settlement Cycle ‘Goes Live’ Press Conference in Lagos.
Starting from November 28, Nigeria’s central securities depository, the Central Securities Clearing System (CSCS Plc), shifted to a T+2 settlement cycle. For Nigeria’s flagship equities markets, the Nigerian Exchange (NGX) and NASD OTC, this means share transfers will now be settled after two wo
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David Olujinmi
David Olujinmi is a financial journalist, with a knack for reporting and analysing the capital markets. He has experience in reporting the Nigerian and African financial scene.
With a Bsc in Chemical Engineering from the Obafemi Awolowo University, he has a significant grasp of numbers that has aided his understanding of the financial context.
