NGX Restores Graduated Pricing Rules for Stock Movements
The Nigerian Exchange Limited is dismantling its uniform price-discovery framework to restore liquidity and ease trading bottlenecks in high-priced equities. The bourse plans to revert to a graduated, three-tier volume structure heavily inspired by its 2018 market-microstructure guidelines. This regulatory shift cancels the blanket 100,000-unit requirement implemented in recent years to police equity price adjustments….