Trading disrupted as NSE suffers technical fault

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Trading on the Nigerian Stock Exchange suffered a four-hour delay on Monday following “a technical glitch”.

The Head of Shared Services Division, NSE, Mr Bola Adeeko, who disclosed this in an emailed statement, said the glitch was resolved and market transactions continued at 1:45p.m.

He said due to the lost trading time, a decision was taken to extend the trading hours on Monday to 3:30p.m from the usual time of 2:30p.m.

He stated that the root cause of the disruption had been fully rectified.

According to Adeeko, the 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 power up a modern Exchange and will continue to work to enhance this,” he added.


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