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The Nigerian Stock Exchange (NSE) today, January 14, 2019, encountered a technical glitch which impacted trading activities for about four hours.
Head of Shared Services Division, NSE, Mr. Bola Adeeko, said that the glitch was resolved and market transactions continued at 1:45p.m. Due to the lost trading time, Mr. 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 Mr. 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".
