Investing Basics

Stocks

The stock market is dynamic and presents many options for traders. Stocks are usually considered suitable for medium to long-term investments. Each stock is affected by different market events and external factors. It could increase or decrease in value following announcements, such as earnings reports, new product launches, changes in competitors’ stock prices, etc.

For instance, if a smartphone manufacturer gets negative media attention following a malfunction in one of its phones, its direct competitors’ share-prices may rise. Companies who make profits often allocate dividends to their shareholders at a fixed payment per-share.

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Bonds

Bonds are a type of fixed income instrument that results in an investor lending money to the bond issuer in exchange for interest payments. A bond is similar to an IOU between the lending institution which can be a company, government, or institution and borrower in exchange for cash, and it’s tradable in financial markets, similar to a stock. Bonds are used by companies, municipalities, states, and sovereign governments to finance projects and operations.

Bonds are one of the most important investments available for those who follow an income investing philosophy, hoping to live off the money generated by their portfolio. With the variety of different options available to you, including municipal bonds, commercial bonds, savings bonds, and treasury bonds, you need to know which is right for your unique situation as well as the dangers presented by owning different types of bonds.

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Market hours & Fees

Nigerian Stock Exchange Opening Hours

  • Sunday - Closed
  • Monday - Friday: 10:00 AM - 2:30 PM

Times shown are in Africa/Lagos time (GMT+01:00)

Forex Market

Is Nigerian Stock Exchange Open on Weekends?

The Nigerian Stock Exchange is not open on weekends. Stock Exchanges in America, Europe, and Asia follow the typical Monday to Friday schedule. However, in the Middle East the work week typically runs from Sunday through Thursday. Stock exchanges in Middle Eastern countries like Qatar and Abu Dhabi are closed on Friday and open on Sunday.

How Long is Nigerian Stock Exchange Open?

The Nigerian Stock Exchange is open 30 hours per week which is average. Most stock exchanges are open 25 to 35 hours per week with 5 days of trading per week. There are several exchanges that are only open 4 days per week and one exchange that is only open 2 days per week. The Deutsche Börse is open more than any other stock exchange.

Limited trading hours help to reduce volatility in stock prices but also limits the liquidity of stocks. When trading hours are shorter more news reports and earnings reports are published while the markets are closed. As a result, investors have more time to process new information and general make fewer knee-jerk reactions. Read more about how trading hours vary around the world.

Does Daylight Saving Time Effect the Nigerian Stock Exchange?

Nigerian Stock Exchange follows the Africa/Lagos time zone which does not observe Daylight Saving Time. The time zone offset is GMT+01:00 for the entire year.

What is Nigerian Stock Exchange Extended Hours Trading?

Stocks can only be traded on the Nigerian Stock Exchange during official trading hours, but there are unofficial Extended Hours Trading markets that will carry trades until markets reopen. Extended Hours Trading is a term that covers both After-Market Trading and Pre-Market Trading.

Extended Hours Trading allows investors to act quickly on information that comes out when markets are officially closed. In the past, only large institutional investors could participate in Extended Hours Trading. Thanks to the emergence of private trading systems in recent years, individual investors are now able to trade during extended hours as well.