Nigerian Stock Exchange May Extend Trading by Two Hours

The Nigerian Stock Exchange, sub- Saharan Africa’s second-biggest, may extend trading by a further two hours, Interim Administrator Emmanuel Ikazoboh said.

“If volumes are increasing, we will increase the time further,” he said in Lagos today. Monitoring will take place over the “next two months.”

The West African nation’s bourse added two hours to trading, setting 2:30 p.m. as the close, on Dec. 6. That led to an advance in the volume of shares traded, Ikazoboh said.

The exchange, which today inaugurated a call center, will respond to customer complaints within 24 hours, Ikazoboh said.

The center is “to ensure that all complaints are addressed within 24 hours, or depending on how complex the issues are, within 48 hours,” he said.

To contact the reporter on this story: Vincent Nwanma in Lagos at vnwanma@bloomberg.net.

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net.

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