# Nigerian Exchange Group (NGX)

> The Nigerian Exchange Group (NGX) is a leading integrated market infrastructure in Africa, servicing the continent's largest economy. Established in 1960, the NGX lists over 150 companies across banking, telecoms, industrials, consumer goods, and energy — providing the deepest equity market in West Africa.

Canonical: https://mystocks.africa/exchanges/ngx-nigeria

Nigeria boasts the largest economy in Africa, with a GDP exceeding $400 billion. Its stock market features massive industrial conglomerates, high-yield banking giants, and a rapidly evolving telecoms sector. Lagos-listed companies reach over 220 million consumers and operate across the continent.

## Published market facts

| Field | Value |
| --- | --- |
| Exchange | Nigerian Exchange Group (NGX) |
| Country | Nigeria |
| Currency | NGN |
| Trading hours | 09:00 – 16:00 WAT (GMT+1) |
| Settlement | T+1 |
| Regulator | Securities and Exchange Commission (SEC) Nigeria |
| Listed companies (published count band) | 150+ |
| Established | 1960 |
| Financial centre | Lagos |
| Settlement rule scope | Secondary-market equities; other instruments can follow different rules. |
| Settlement rule effective from | 2026-06-01 |
| Settlement rule reviewed | 2026-10-26 |

## Sources and stock discovery

- [Official exchange](https://ngxgroup.com/)
- [CSCS settlement guidance](https://www.cscs.ng/ngt1/)
- [Stock Markdown catalog (paginated)](https://mystocks.africa/api/md-catalog/stocks?exchange=NGX)
- [Canonical exchange page: performance and listings](https://mystocks.africa/exchanges/ngx-nigeria)
- [Country guide](https://mystocks.africa/countries/nigeria)
- [Methodology](https://mystocks.africa/methodology)
- [Data sources](https://mystocks.africa/data-sources)
- [Risk disclosure](https://mystocks.africa/risk-disclosure)

## Settlement and currency risk

Funding a wallet, executing a trade and settling that trade are separate steps. Exchange settlement follows the applicable market cycle; cash and withdrawal availability can differ.

A USD wallet or USD account reporting does not remove the currency risk of investments priced in a local currency. Exchange-rate movements can increase or reduce the USD value of holdings and dividends. Conversion, fees and availability follow the applicable account and market terms.

## Market questions

### What stocks can I buy on the Nigerian Exchange Group?

The NGX lists over 150 companies including Dangote Cement (DANGCEM), MTN Nigeria (MTNN), Zenith Bank (ZENITH), Guaranty Trust Holding (GTCO), BUA Foods, and Access Holdings. Through MyStocks.Africa, you can access all active NGX equities.

### What are the NGX trading hours?

The Nigerian Exchange Group operates Monday to Friday, 09:00 to 16:00 West Africa Time (WAT, GMT+1): a pre-open session from 08:15, continuous trading from 09:00 to 15:30, and a closing auction running to the 16:00 close. Orders placed outside these hours are queued for the next market open.

### What is the NGX settlement cycle?

Equity trades on Nigerian Exchange Group follow a T+1 exchange settlement cycle. T is the trade date; the number is the following business days, subject to the market calendar. A displayed portfolio position is not proof of completed settlement. Cash availability and custody rights follow the applicable account and market terms.

### Who regulates the Nigerian Exchange Group?

The NGX is regulated by the Securities and Exchange Commission (SEC) of Nigeria. Settlement and custody are managed through the CSCS (Central Securities Clearing System).

### Can I invest in the NGX from outside Nigeria?

Eligible investors outside Nigeria can apply through MyStocks.Africa, subject to account and market requirements. Funding in USD does not remove NGN currency risk. Exchange-rate movements can affect the USD value of holdings and dividends.

### How are NGX dividends paid out?

Dividends declared in Nigerian Naira (NGN) are automatically converted to USD at the prevailing spot rate and credited to your MyStocks wallet. All corporate actions are tracked with a full audit trail.

These are published market facts, not live exchange statistics. Check the canonical page and official exchange for current rules and counts. Trading availability and investor eligibility can differ by account and jurisdiction.