The Nigerian Securities and Exchange Commission (SEC) has set a target of achieving a near-zero trade failure rate under the country's T+1 settlement cycle in the second half of 2026.
The regulatory push aims to stabilize market operations and reduce the friction that has emerged since the accelerated settlement timeline was introduced.
The focus on operational efficiency comes as market participants adjust to the tighter settlement window.
Trade failures have been a persistent challenge in emerging markets transitioning to T+1, often stemming from liquidity mismatches or technical glitches in clearing systems.
By targeting near-zero failures, the SEC signals a priority on market integrity and investor confidence.
This development is critical for Nigeria's broader market classification ambitions.