The Nigerian Exchange (NGX) began trading on June 5, 1961, just seven months after Nigeria gained independence on October 1, 1960.

Although the market was incorporated in September 1960, formal trading did not begin until the enactment of the Lagos Stock Exchange Act No. 14 of 1961. At inception, the market opened with just three equities, six Federal Government bonds, and ten industrial loans.

By 1974, when the exchange was renamed the Nigerian Stock Exchange, the number of listed equities had grown to 36. This figure pe