STOCK MARKET: Technical glitch delays trading for 4 hours

A four hour technical glitch at the Nigerian Stock Exchange (NSE) led to a four hour delay in trading on Tuesday.

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

Adeeko further disclosed that a decision was taken to extend trading to 3:30 pm instead of the normal 2:30 pm so as to recover part of the lost trading hours.

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He stated that the root cause of the disruption had been fully rectified, adding that 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 like this”, he said.

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