NGX Proposes Amendments to Trading Hours Rules, Seeks Stakeholders’ Feedback

NGX Proposes Amendments to Trading Hours Rules, Seeks Stakeholders’ Feedback

The Nigerian Exchange Limited (NGX) has proposed amendments to its Rulebook of The Exchange (Trading License Holders’ Rules), specifically to Part XI, Rule 15.1 (Official Days and Hours of The Exchange) and Rule 15.2 (Extension or Reduction of Trading Times) as part of its ongoing market modernisation.

The proposed changes are designed to enhance market liquidity, improve price discovery, and align the Exchange’s operations with global best practices. Under the new framework, trading hours will no longer be hardcoded in the Rulebook but instead detailed in an operational document designated by NGX. This adjustment will enable the Exchange to respond more efficiently to market developments while maintaining transparency.

The updated provisions propose that trading will occur on all days except weekends and national public holidays, with trading hours set between 9:30 a.m. and 2:30 p.m. WAT or as otherwise prescribed by the Exchange. Additionally, NGX may extend or reduce trading hours when necessary and, in extraordinary circumstances, authorise trading beyond the regular close.

NGX Regulation Limited (NGX RegCo) now invites market participants and the investing public to review the proposed rule amendments and submit comments on or before November 21, 2025. Feedback should be sent via email to tobajemu@ngxgroup.com and oalade@ngxgroup.com.

The draft amendments remain subject to approval by the Board of NGX RegCo and the Securities and Exchange Commission (SEC).