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The floor of The Nigerian Stock Exchange opened for normal trading at 9.30am WAT on Friday July 25, 2014, after trading was disrupted due to a technical glitch yesterday.
The Exchange’s Head of Market Operations, Mr. Ade Ewuosho, explained that a decision was taken to extend the trading hours on Thursday to 3:15 pm (from the usual time of 2:30 pm) in order to give brokers the opportunity to make up some of the lost time. Notwithstanding the disruption, there was some trading matched on the system. He further confirmed that the root cause of the disruption, which was network related, was identified and fully rectified yesterday.
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.
The NSE regrets any inconvenience the incident might have caused and wishes to reassure its stakeholders of its commitment to maximizing trading uptime as evidenced in the last few years.
