Nigeria’s stock exchange weighs longer trading hours in bid to deepen liquidity, attract foreign inflows, and align with peers.
The Nigerian Exchange (NGX) is considering extending its trading hours from the current 9:30 a.m.–2:30 p.m. session to 9:00 a.m.–5:00 p.m., Chief Executive Jude Chiemeka revealed during a meeting with market operators.
The proposal, quietly discussed for years, is gaining momentum as policymakers and operators seek to boost liquidity and foreign participation. If implemented, it would bring NGX closer to international norms — London and Frankfurt trade 8.5 hours daily, while the New York Stock Exchange trades 6.5 hours.
Chiemeka noted the timing is right given expected capital market reforms, new product launches, and Nigeria’s $1 trillion economic ambition. NGX is also working with the IFC on Islamic finance and engaging the Ministry of Marine and Blue Economy on blue and social bonds.
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