Daily Metrofile under scrutiny
In the world of global finance, trading hours vary significantly across continents. The London Stock Exchange, Euronext in Amsterdam, and Deutsche Börse in Germany operate for 8.5 hours, while Tokyo runs for 5 hours and Hong Kong for over 5 hours. On the other hand, trading in Nigeria, Kenya, and South Africa follows a more conventional schedule.
The Nigerian Exchange Limited (NGX) is contemplating a shift in this pattern. Currently, trading takes place from 9:30 am to 2:30 pm West African Time (WAT). However, the NGX is considering extending the trading window to a full day, from 9:00 am to 5:00 pm WAT. This move aims to increase daily turnover and attract foreign flows, aligning Nigeria with global standards and providing more room for traders to make large orders.
Meanwhile, in the tech-focused business and economy sector, subscribers can sign up for a variety of newsletters. The Next Wave, TC Scoops, and TNW: Francophone Africa offer insights into the burgeoning tech scene in Africa.
Elsewhere on the continent, entertainment and business are set to intersect. Entertainment Week Africa (EWA) is returning to Lagos from November 18-23, 2025. The event will feature a dedicated film and music content market, a job fair, an expanded deal room accelerator with a ₦25 million seed fund, and more film premieres. The theme for this year's event is "Close the Gap."
In other news, the acquisition of Metrofile in South Africa remains a mystery, with no definitive information available in the search results.
The article, "Extending Trading Hours on the Nigerian Exchange," was written by Emmanuel Nwosu and Opeyemi Kareem, with Ganiu Oloruntade serving as the editor.
As for the tech industry, it's important to ensure you don't miss any editions of TC Daily. To do so, users should move any edition of TC Daily from the "Promotions" folder to either the "Main" or "Primary" folder.
Interestingly, the idea of extending trading hours has been circulating for years but is gaining momentum now. Across the continent, the Johannesburg Stock Exchange (JSE) is considering introducing 24-hour trading, potentially setting a new standard for African financial markets.
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