NGX extends trading hours to boost liquidity, investor access

Nigerian Exchange Limited has announced an extension of its daily trading hours, a move aimed at improving market liquidity and enhancing investor participation.

The new trading window, approved by the Securities and Exchange Commission Nigeria, will run from 9:00 a.m. to 4:00 p.m. (WAT) and takes effect from April 27, 2026.

Under the revised schedule, the market will open 30 minutes earlier than the current 9:30 a.m. start time and close significantly later, extending beyond the previous 2:30 p.m. close.

Market operators say the longer trading period is expected to provide investors with greater flexibility, allow quicker responses to market-moving information and encourage broader participation across the equities market.

The exchange said the change forms part of ongoing efforts to deepen Nigeria’s capital market and align its operations more closely with global standards.

Analysts note that extending trading hours could also improve price discovery, as more time in the market typically allows for better absorption of information and more efficient valuation of listed securities.

The development comes amid renewed efforts to position Nigeria as an attractive destination for both domestic and foreign portfolio investors. It follows the country’s recent reclassification as a Frontier Market by FTSE Russell, a move expected to increase visibility among international investors.

NGX said the transition was preceded by consultations with key stakeholders to ensure operational readiness ahead of implementation. It added that NGX Regulation Limited would continue to provide oversight to ensure a smooth transition and maintain market integrity.

With the extended trading hours, the exchange aims to strengthen its role in capital formation, improve liquidity in listed securities and support the overall growth of Nigeria’s financial markets.