Nigeria Content Online

The Nigerian Stock
Exchange has said that there is no definite time frame for the
restoration of its website that has not been functioning for about two
weeks.

The website of the
Nigerian Stock Exchange has been down for about two weeks and
subscribers are getting irritated as information can no longer be
accessed online. In an age where bourses across the globe are
increasing their usage of technology, the exchange website cannot be
accessed leaving investors and customers helpless in relying on the
website to make important decisions. The customer care service official
who spoke on the issue without disclosing her name, on phone, said she
does not know when the website would come back. “I do not have the
information on when the website would be available and made accessible
for public use,” she said. “It would be ready soon. We are working to
bring it up soon.”

The page that comes on in place of the website’s home page states
that the website is undergoing an upgrade. “This site
www.nigerianstockexchange.com is currently undergoing an upgrade. The
site is scheduled to come up very soon. We regret any inconveniences
this may have caused you. Thank you. Management.” A broker who spoke
under anonymity, however, downplayed the website malfunction saying,
“We use the Central Security and Clearing System (CSCS) more for our
operations than the NSE website, but it is still necessary for the
image of the exchange that the site come up quickly.” The Nigerian
Stock Exchange (NSE) was established in 1960. All listings are included
in the only index, the Nigerian Stock Exchange All Shares Index. The
Exchange has an Automated Trading System and data on listed companies’
performances are published daily, weekly, monthly, quarterly and
annually.