By Dipo Olowookere
The management of the Nigerian Stock Exchange (NSE) has announced that the exchange will close of business on Tuesday, December 24, 2019, by 12:30pm instead of the usual 2:30pm.
A notice to stockbrokers on Monday confirmed this development. The decision to shut down its doors earlier is because of Christmas, which is celebrated every December 25.
The stock market regulator also said it would close for business by 12:30pm on Tuesday, December 31, 2019 ahead of the New Year day celebration slated for Wednesday, January 1, 2020.
“Please be informed that market will close for trading at 12.30pm on 24th and 31st December, 2019 in respect of the Christmas and New Year holidays respectively,” the notice said.
“While thanking you for your various contributions to the growth of our market in 2019, we wish you a merry Christmas and a prosperous New Year,” the disclosure sighted by Business Post added.
On Wednesday, December 25, 2019, Thursday, December 26, 2019 and Wednesday, January 1, 2020, the stock exchange will record no business activity as it would be closed for the three days.
Market will resume of Friday, December 27, 2019 till 12:30pm of Tuesday, December 31, 2019, before closure the next day and reopening on Thursday, January 2, 2020.
Adedapo Adesanya