• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

Kenya Introduces Same Day Settlement For Stocks, Ahead of Nigeria

Nairametrics by Nairametrics
November 10, 2016
in Business News
Buhari Sends Message To Devaluation Seekers “I Won’t Kill The Naira”

Picture of Buhari with Kenyan President

Share on FacebookShare on TwitterShare on Linkedin

Kenya’s Central Depository and Settlement Corporation which provides clearing, settlement and depository services for listed securities will launch same day settlement by April next year. What this means is that sellers will get proceeds of a sale of shares the very day the sale is executed. Unlike the current system which takes three days after a trade is executed. The implementation is however subject to regulatory approval from the Capital Markets Authority.

This development shows the slow innovation process in the Nigerian Stock Exchange. The Kenyan Exchange was founded in 1954, and the Nigerian bourse in 1960. Making both exchanges contemporaries. The Nigerian exchange introduced a weekly settlement cycle in 1996 and introduced the T+3 settlement cycle in March 2000. It has remained on that cycle since then.

While there has been talk of moving to the same day trading cycle, no concrete step has been made. The initial reasons given for maintaining the T+3 system, was to avoid fraud on the part of the stock brokers and the laborious process of fund transfer then. Improvement in technology and closer monitoring of brokers by both the exchange and sec have made the current system no longer tenable. One hopes the Nigerian exchange will adapt current settlement cycles like Kenya has done.

RelatedStories

Debola Deji-Kurunmi

Tech is no longer a sector, but an enabler to any sector – Debola Deji-Kurunm 

December 2, 2024
Essential soft skills that will help you succeed in your business

Three high-income skills to learn for free without a degree in 2024

August 31, 2024
Tags: Tech
Nairametrics

Nairametrics

Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

Related Posts

Debola Deji-Kurunmi
Sectors

Tech is no longer a sector, but an enabler to any sector – Debola Deji-Kurunm 

December 2, 2024
Essential soft skills that will help you succeed in your business
Career tips

Three high-income skills to learn for free without a degree in 2024

August 31, 2024
Germany’s GIZ launches funding scheme for startups in Nigeria
Sectors

African startups raise $420 million in July 2024, cross $1 billion year-to-date

August 6, 2024
Interswitch
Corporate Updates

Nigerian Revenue Summit: Fostering growth, transparency, and collaboration in the digital age

October 18, 2023
2023 Lagos Development Pipeline Report Retail Overview: What is inhibiting the growth of the retail sector?
Sectors

Nigeria’s MSMEs turn to technology as cost of business toughens – Expert

May 8, 2023
5 tips to successfully switch to a career in technology
Op-Eds

5 tips to successfully switch to a career in technology

May 4, 2023
Next Post
Police Raid Black Market Sellers, “Order Them To Sell Dollars At Lower Rate”

Police Raid Black Market Sellers, "Order Them To Sell Dollars At Lower Rate"

Comments 1

  1. Anonymous says:
    November 10, 2016 at 11:11 pm

    We already there in our market you can buy and sale same day . They are not ahead in term of stocks. Kurfi of Apt

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • Lagos luxury neighbourhoods match global prices, lack services – Report 
  • CBN Recapitalization: BDC operators eye acquisitions, takeovers to meet N2 billion requirement 
  • Naira set to break below N1,500/$ resistance 

Follow us on social media:

Recent News

Guide to obtaining planning permit for commercial building in Lagos

Lagos luxury neighbourhoods match global prices, lack services – Report 

July 5, 2025
CBN, forex

CBN Recapitalization: BDC operators eye acquisitions, takeovers to meet N2 billion requirement 

July 5, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics