Nigerian Stock Exchange Extends Trading Hours

The Nigerian Exchange Group has decided to extend stock trading hours. This move follows index provider FTSE Russell's decision to reinstate the country's stocks to its frontier market index by the end of this year. The index provider's decision is viewed as a significant vote of external confidence for Nigerian markets. Market makers state that extending trading hours aims to increase liquidity and market access. The implementation is expected to allow international investors to trade across different time zones. This development could contribute to increased market participation and trading volume. Industry analysts highlight that improvements in infrastructure and the regulatory framework have strengthened Nigeria's position in global financial markets. The re-inclusion of stocks in the index is seen as a catalyst for the return of portfolio investments to the country. Not investment advice.