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Nigerian Stock Market Closes for Independence Day Celebration

By Dipo Olowookere

Activities are closed on the floor of the Nigerian Stock Exchange (NSE) today as a result of the public holiday declared by the federal government to market the country’s Independence Day remembrance.

On October 1, 1960, Nigeria gained independence from the British government and since then, the day is celebrated across the country.

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At the close of market last Friday, the management of the NSE released a statement to inform investors that its doors would not be opened today for business.

“The Federal Government of Nigeria has declared Monday, October 1, 2018, as Public Holiday to mark 2018 Independence Day celebration.

“In light of this development, all Exchange’s facilities nationwide will be closed for business to observe the holiday,” the statement said.   ​

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However, the stock market regulatory agency said normal activities would resume tomorrow.

“We will resume normal business operations on Tuesday, October 2, 2018,” the statement released last Friday said.

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Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

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