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SEC To Deliver Sustained Zero Trade Fail Rate In T+1 Settlement Cycle, Says DG
SEC To Deliver Sustained Zero Trade Fail Rate In T+1 Settlement Cycle, Says DG
The Securities and Exchange Commission (SEC) says it is focused on achieving a sustained near-zero trade-fail rate under the T+1 settlement cycle in the second half of the year.
Eereporter.com
The Director-General of SEC, Dr Emomotimi Agama, said this in a document made available to journalists in Abuja on Sunday.
He said the focus would be on full delivery-versus-payment discipline across custodians, brokers and the Central Securities Clearing System Plc (CSCS).
The DG said the early evidence of the settlement cycle since June was encouraging, adding that the commission intended to demonstrate at least a full quarter of clean settlement data.
He said foreign investors must be able to complete their currency conversion and funding within the compressed cycle without being forced into pre-funding.
According to him, we are working closely with the Central Bank of Nigeria (CBN), custodians and settlement banks to ensure same-day Forex execution and confirmation for portfolio flows.
”The Certificate of Capital Importation (CCI) process must be fully electronic, timely and predictable, so that entry and exit are seamless.
”The commission has formally engaged the CBN on CCI modernisation to align the regime with T+1 realities,” he said.
Regarding FTSE Russell’s decision to observe the market during the T+1 transition, Mr Agama said it was a standard index-governance practice whenever a market undertook a structural change of this magnitude.
He said the index provider was simply verifying that the shortened cycle worked as well in practice as it does on paper, particularly for foreign portfolio investors.
On the outlook for equities, fixed income securities, and alternative investments in H2, he said the market would be more selective but constructive.
”After a 47.4 per cent first half advance, some consolidation is natural and indeed healthy.
”The drivers remain intact: recapitalised banks deploying fresh capital, a strong pipeline of new listings, improving foreign participation and half-year earnings that we expect to be broadly resilient.
”For fixed income, the environment remains rewarding, with disinflation continuing and yields still elevated, real returns are positive across much of the curve, and we expect vibrant sovereign, sub-national and corporate issuance, including infrastructure and green instruments,” he said.
He listed some market reforms, including the Investments and Securities Act (ISA) 2025, which modernised the entire legal architecture, brought digital assets within the regulatory perimeter, and strengthened enforcement powers.
Others are outlawing Ponzi schemes with severe sanctions and giving investors a far stronger protective framework.
”Before year-end, investors should expect further implementation of our Capital Market Liquidity Roadmap; continued rollout of the recapitalisation of market operators to ensure intermediaries are as strong as the market they serve.
”Others are deepened sustainability and ESG disclosure standards; enhanced RegTech-driven supervision; and continued expansion of regulated digital asset admissions,” the DG said.
Exchange Commission
On regulatory credibility, Mr Agama said the commission’s task was to be transparent and firm in enforcing disclosure standards and sanctioning market abuse.
He said the commission was committed to dismantling Ponzi schemes under the expanded powers of the ISA 2025, and ensuring that every naira an investor raised was protected by a functioning rulebook.
Eereporter.com
NAF Air Supports Disrupts Kidnappers in Benue Community
The Nigerian Air Force (NAF) has successfully provided close air support to surface forces during an operation targeting suspected kidnappers in the Ogbadigbo area of Benue State, near the Enugu–Benue boundary. The operation disrupted the activities of the criminal elements and supported the advance of surface forces.
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Following the successful completion of the mission, the pilot, on return to base, exercised his professional discretion to execute a precautionary landing approximately 10 nautical miles from the airfield. This is in accordance with established operational and safety procedures following combat missions. The helicopter has returned to base.
NAF
The NAF remains committed to sustaining pressure on criminal elements, providing close air support to surface forces and protecting communities through coordinated air and ground operations. The successful outcome underscores the NAF’s continued resolve to deny criminal elements freedom of action and support efforts to restore safety and security to affected communities.
Ehimen Ejodame
Air Commodore
Director of Public Relations and Information,
Headquarters, Nigerian Air Force.
7 October 2026
Eereporter.com
Update: 10 Major Nigerian Air Force Crashes Since 1980
A Nigerian Air Force plane carrying 25 military and civilian passengers crashed in southwestern Ondo state on Monday, killing all on board.
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The accident was one of the worst air disasters in the country in recent years.
Here are some major air crashes involving the Air Force in Africa’s most populous nation, which has one of the strongest militaries on the continent.
1980
A Fokker F27 aircraft travelling from Lagos to the neighbouring island nation of Sao Tome crashed in Forcados in southern Delta state on May 26, killing all 30 people aboard. It was carrying a Nigerian delegation comprising government officials, army officers and journalists when it came down.
1992
A Lockheed C-130H Hercules transport plane crashed and killed all 159 passengers aboard in Ejigbo, Lagos, shortly after taking off from Lagos airport on September 26. Most of the passengers were military officers.
1997
A Dornier Do 128 plane used for training crashed and killed all three officials on it about three kilometres from the runway of the Kaduna airport on February 24.
2000
All six people on a Dornier Do 128 plane were killed when it crashed while approaching the runway at the Warri airport in oil-rich Delta state on October 26.
2006
An 18-seater Dornier 228 military transport plane carrying 15 senior army officers and three crew members crashed in Benue State on September 17. Three people survived the crash.
2015
A Dornier 228 plane went out of control shortly after taking off from a military air base in Kaduna and crashed into a house in a military cantonment, killing all the seven aboard.
2019
An attack helicopter providing support for troops fighting a jihadist insurgency in northeastern Nigeria crashed and killed all five people on board on January 2.
Nigerian Air Force Crashes
2021
On February 21, seven air force officials died when a Beechcraft King Air crashed en route Abuja airport after suffering engine failure on its way to central Niger state, where it was to go on a reconnaissance flight ahead of a mission to free kidnapped schoolgirls, according to the Nigeria Air Force.
2021
A Beechcraft King Air crashed in bad weather in May while trying to land at northern Kaduna state airport. All 11 people on board, including Lieutenant General Ibrahim Attahiru, then commander of the country’s army, died in the crash.
Eereporter.com
Cristiano Ronaldo Pays Tribute to Messi After Argentina Farewell
Cristiano Ronaldo has offered a public message of respect to longtime rival Lionel Messi following the Argentine’s emotional farewell from international football.
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Messi played his final match for Argentina on Tuesday night, scoring once and providing two assists in a 3-0 friendly victory over Benin at the Estadio Monumental in Buenos Aires. The 39-year-old, widely regarded as one of the greatest players in football history, described the occasion as “the saddest day of my career” after more than two decades representing his country.
In a comment on Messi’s Instagram post marking the end of his international journey on Wednesday, Ronaldo wrote: “Leo, so many years defending your country and a story that will live on forever. You have all my respect for everything you’ve achieved with Argentina. A hug.”
The Portuguese star’s words were widely reported on Wednesday, including by Spanish newspaper Marca, which noted that mutual respect has long existed between the two icons despite their intense on-pitch rivalry spanning more than 15 years.
Messi announced his retirement from the Argentina national team in late August, shortly after the side’s 2026 World Cup final defeat to Spain. He cited the emotional and physical toll of the tournament, which coincided with the illness and subsequent death of his father, Jorge Messi, as factors in his decision.
FIFA Eyes Ronaldo To Boost Club World Cup
Ronaldo and Messi have frequently exchanged words of admiration in recent years, including Ronaldo’s message of support after the death of Messi’s father earlier this year.
Their latest exchange comes as both players, now in the later stages of their careers, continue to draw global attention, Messi with Inter Miami and Ronaldo with Al-Nassr.
The tribute underscores a shared recognition of extraordinary careers defined by excellence, longevity and national service.
Eereporter.com
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