Coronavirus Scare: Nigerian Stock Exchange Suspends Trading Activities

The Nigerian Stock Exchange says trading activities will be suspended due to the recent confirmed cases of COVID-19 in the country.

In a statement on Monday, the NSE noted that with effect from Wednesday, March 25, 2020, all its trading floors will be temporarily closed, while remote trading will continue.It adds that NSE staff will begin a 30-day remote working plan and will be available across all digital platforms to provide support.

The statement says dealing members should continue to trade remotely through its electronic platforms such as Fix protocol and Xnet and reach out to their compliance officers if any support is required. The NSE also stated that all physical meetings within and outside its office premises have been suspended until further notice.

.nsenigeria will tomorrow shut down all its trading floors under a 30-day emergency response plan to the continuing spread of Covid-19. Stockbrokers will, however, continue to trade using their remote platforms with support from NSE' essential staff

It is quite shameful that an organisation as big as channels tv will want to misinform the people just because of engagement on twitter. Shutdown trading floor is not the same as suspend trading.

Trading will go on as usual but trading floor access would be restricted due to need to maintain social distancing. Don’t panic people with sensational headline. Our brokers can trade via remote access.

Na so e dey start... Tell us what's up

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