Nigeria

Nigerian Exchange (NGX Group)

Nigerian Exchange Group

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ABOUT

Market overview

Summary

Based in Lagos, NGX is West Africa’s flagship market for the continent’s largest economy and population. Following demutualization in 2021, NGX Group was formed to operate the exchange with a more transparent, globally oriented structure.

History & context

Tracing back to the Lagos Stock Exchange founded in 1960 and renamed the Nigerian Stock Exchange in 1977, it has mirrored Nigeria’s shift from an oil-centric economy toward a more diversified landscape.

Characteristics & key sectors

Cement, telecoms, and banks—names like Dangote Cement and MTN Nigeria—lead trading. A fast-growing middle class and digital adoption make it one of the more dynamic frontier markets.

Trading hours

09:30 – 14:30 (WAT) · Japan time roughly 17:30 – 22:30

Currency

NGN (Nigerian naira)

Official website

https://ngxgroup.com

COMPANIES

Listed companies

NEWS

Nigerian Exchange (NGX Group) news