SEC Nigeria Sponsored Individual Practice Questions - SEC Sponsored Individual Registration Examination (Nigeria) Exam

What is the standard transaction settlement cycle (T+N) for equity trades executed on the Nigerian Exchange (NGX)?

T+2 (Transaction day plus two business days) T+1 (Transaction day plus one business day) T+3 (Transaction day plus three business days) T+5 (Transaction day plus five business days)

Correct Answer:

T+1 (Transaction day plus one business day)

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