The Nigerian Stock Exchange (NSE) opened trading for the week on Monday with the All-Share Index appreciating by 0.45 per cent in spite of technical obstructions.
The Exchange said that it encountered a technical glitch which impacted trading activities for about four hours.
Head of Share Services Division of NSE, Mr Bola Adeeko, said that the glitch was resolved and market transactions continued at 1.45 p.m.
Adeeko explained that a decision was taken to extend the trading hours on Monday to 3.30 p.m, from the usual time of 2.30 p.m.
He confirmed that the root cause of the disruption had been fully rectified.
According to Adeeko, NSE has a robust business continuity framework in place with processes designed to forestall and reduce the impact of such unpredictable technical glitches when they occur.
“The bourse has a solid track record of high availability and systems resilience, while working with some of the cutting edge technologies required to…
