The Securities and Exchange Commission (SEC) has fixed 5:00 p.m. on the first business day after a transaction (T+1) as the settlement deadline for equities and commodities traded and settled through the Central Securities Clearing System (CSCS), tightening compliance requirements under Nigeria’s new shorter settlement cycle. The Commission, in a circular issued Wednesday to capital […] The post T+1: SEC sets 5:00pm cut-off for equities, commodities appeared first on Tribune Online.
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