Nigerian Exchange (NGX) don postpone di planned introduction of new method wey go determine how share prices go change for di market.
Di new system suppose begin on Monday, 17 August 2026, but NGX postpone am just one day before di planned date.
Under di new method, di number of shares wey traders must buy or sell before e fit cause change for di official share price go depend on di current price of di share.
For shares wey price na N1,000 or more, traders go need buy or sell at least 10,000 units before di transaction fit change di published price.
Shares wey dey between N500 and N999.99 go need minimum of 50,000 units, while shares wey cost below N500 go require at least 100,000 units.
Clifford Akpolo, Group Head of Communications and Partnerships for Nigerian Exchange Group, confirm di postponement on Sunday.
“We have postponed the planned launch on Monday, August 17. It is postponed; not shelved. The Exchange will communicate a new date in due course,” Akpolo tok.
Akpolo say di implementation fit no happen again within August. According to am, NGX postpone di plan to allow for more engagement with stakeholders.
NGX bin circulate di SEC-approved Revised Pricing Methodology Framework to Trading Licence Holders since June.
Di new system suppose replace di current flat pricing bands with different minimum trading quantities based on di price of each security.
NGX say di change go help make sure say transactions wey get important economic value properly affect di prices wey dem publish for di market, while also preventing price manipulation.
Market operators largely support di planned change, saying e fit reduce di amount of money wey traders need to influence di prices of high-value shares.
Some of di companies wey get high-value shares include Seplat Energy, Airtel Africa, Dangote Cement, Geregu Power and Nestlé Nigeria.
For now, di current pricing bands still dey operate.
Investors wey don prepare for possible changes in di prices of high-value shares go need wait until NGX announce another date to begin di new system.
