Fees & Trading Hours
View applicable fees and trading hours for transactions on the NASD OTC market.
Market Fees
Download the applicable fee schedules for securities admission and transactions on the NASD OTC market.
Market Fees
Equity Fees
NASD Registration Fees
Bond Fees
NASD Bond FeesRegistration Fees
NASD Registration FeesAdministrative Fees
NASD Administrative FeesTrading Hours
View official trading times and market session schedules on NASD.
Pre-Opening Session
9:00am WAT
Orders placed before trading opens will be queued and processed once trading begins at 10:00 AM WAT.
Trading Session
10:00am – 3:00pm WAT
Orders placed between this period will be processed immediately and sent to the trading system for matching. Trading closes at 3:00pm.
We do recognize the Public Holidays of the Federal Republic of Nigeria, and on the days declared as a federal public holiday, the Exchange is closed for trading. See projected Public holidays below
Trading Holidays
View official market holidays when trading activities are closed on NASD.
| Holiday | 2026 | 2027 | 2028 |
|---|---|---|---|
| New Year’s Day | Thursday, January 1 | Friday, January 1 | —* |
| Eid-el-Fitr | Friday, March 20 | Wednesday, March 10 | —* |
| Eid-el-Fitr Holiday | —* | Thursday, March 11 | Monday, February 28 |
| Good Friday | Friday, April 3 | Friday, March 26 | Friday, April 14 |
| Easter Monday | Monday, April 6 | Monday, March 29 | Monday, April 17 |
| Workers’ Day | Friday, May 1 | —* | Monday, May 1 |
| Eid-el-Kabir | Wednesday, May 27 | Monday, May 17 | —* |
| Eid-el-Kabir Holiday | Thursday, May 28 | Tuesday, May 18 | —* |
| Democracy Day | Friday, June 12 | —* | Monday, June 12 |
| Eid-el-Maulud | Tuesday, August 25 | —* | Tuesday, Aug 3 |
| Independence Day | Thursday, October 1 | Friday, October 1 | —* |
| Christmas Day | Friday, December 25 | Saturday, December 25 | Monday, December 25 |
| Boxing Day | —* | —* | Tuesday, December 28 |
Note: Islamic holidays follow the lunar calendar, so dates may shift slightly.
—* : Dates fall on a weekend. The market will remain closed, though the holiday may be observed on a weekday.