The Nigerian Stock Exchange NSE has assured investors that despite federal government 14 day restriction to combat effect of coronavirus outbreak, it will continue trading normal hours by providing trade access to dealing members through fix protocol and virtual private network (VPN) platform.
Chief Executive officer of the NSE, Oscar Onyema who disclosed this in Lagos said the Exchange has commenced remote working for non-essential staff nationwide and closed our trading floors nationwide.
Apart from maintaining continuous flow of relevant market information to enable stakeholders to make informed investment decisions; the NSE engaged with Government to address market issues raised by COVID-19.
He said the Exchange is very supportive to the step taken by federal government, which are aimed at flattening the rising curve of COVID-19 cases in Nigeria.
He stated that since the outbreak of this pandemic, financial markets, particularly the capital markets around the world have seen levels of volatility that are only comparable to the global financial crisis of 2007/2008. To maintain the integrity of our market and in order for us to continue to stimulate economic growth, the NSE activated our business continuity plan on March 23, 2020 to ensure continuity in the market.
