Trading activities on the Nigerian Stock Exchange (NSE) closed by 3:30 pm on Monday, January 14, 2019, as against the usual closing time of 2:30 pm.
The decision according to a statement from the NSE is was a result of an encountered technical glitch which impacted trading activities for about four hours.
Head of Shared Services Division, NSE, Bola Adeeko, said that the glitch was resolved and market transactions continued at 1:45p.m.
Due to the lost trading time, Adeeko explained that a decision was taken to extend the trading hours on Monday to 3: 30p.m, from the usual time of 2:30p.m. He further confirmed that the root cause of the disruption has 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, whilst working with some of the cutting-edge technologies required to power up a modern Exchange and will continue to work to enhance this,” Adeeko said.