30 MINUTES DELAYED DATA:

Trading Market Structure

The Nigerian Exchange Limited (NGX) operates an Automated Trading System (ATS) platform with a central order book that allows Trading License Holders ​to participate on equal terms, competing on the hierarchical basis of Price, Cross and Time priority. NGX runs a hybrid market, allowing Trading License Holders to submit orders and Market Makers to submit two-sided quotes into the order book. 

Resources
Trading Schedule
Market hours: 9.30 to 14.30 ​
SESSION TIME BOARDS ORDER TYPE ORDER DURATION PRICE LIMIT
Pre-Open 9:30 ​​EQTY
Growth Board
Premium
Limit
Quotes​
Good Till Open
Good Till Date
Day













+/-10%
Pre-Open IO 9:55 EQTY
Growth Board
Premium
Imbalance Session
Continuous Trading 10:00 ​ ​ Limit
Market
Crossing
EQTY
Growth Board
Premium ​​
​Negotiated
Private
FAK
FOK
AON
Immediate
Day
Good Till Date
Quotes
Pre-Close
Pre-Close 14:20 EQTY
Growth Board
Premium​
Market
Limit
Quotes
Good Till Close
Good Till Date
Day
Pre-Close IO 14:25 EQTY
ASEM
Premium
Imbalance Session
Close 14:30 EQTY
​ Growth Board
Premium
Trading fees
FEES TYPEBUY SIDESELL SIDE
NGX FEE0.3%
CSCS FEE​0.3%
TRADE ALERT FEEN4.00N4.00
SEC FEE0.3%
STAMP DUTY0.08%0.08%​
OTHERS: BROKERAGE COMMISSION0.75 – 1.35%0.75 – 1.35%
​VAT​​(7.5% of Brokerage and SEC Fees)​(7.5% of NGX + CSCS + Brokerage Fees)​