Nigerian Exchange Reopens Physical Trading Floor After Over Two Years

November 7, 2022
NSE Trading Floor New

By Aduragbemi Omiyale

The physical trading floor of the Nigerian Exchange (NGX) Limited reopened for stock transactions on Monday, November 7, 2022, after more than two years.

The trading floor was closed for the buying and selling of stocks in 2020 in the wake of the COVID-19 pandemic.

In March 2022, President Muhammadu Buhari announced a nationwide lockdown to curtail the spread of the deadly virus. This forced the management of the exchange to lock its doors and switch to a remote trading floor.

Though the restriction on movements was removed, the bourse continued its remote trading.

Today, the physical trading floor was reopened, with top management staff of the exchange in attendance, including the chairman, Mr Abubakar Mahmoud; and the chief executive of the NGX, Mr Temi Popoola; among others.

In his remarks, the Chairman of NGX Group Plc, Mr Umar Kwairanga, praised the NGX, NGX Regulation, Central Securities Clearing System (CSCS), NGX Group and the stockbroking community for seamless trading during the forced closure period.

Aduragbemi Omiyale

Aduragbemi Omiyale is a journalist with Business Post Nigeria, who has passion for news writing. In her leisure time, she loves to read.

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