NSE Activates Rule to Arrest Surge in Share Prices Market gains N1.1trn as ASI breaks 5.2% threshold Goddy Egene The Nigerian Stock Exchange (NSE) yesterday halted trading at the stock market for 30 minutes following an unprecedented spike in the
prices of stocks that led to a jump of over 6.2 per cent in the NSE All-Share Index (ASI) as against the set 5.0 per cent threshold. The NSE had to halt trading at 12.55 pm, using the circuit
breaker when the NSE ASI rose beyond the set threshold of 5.0. This is the first time that the circuit breaker had been triggered since its introduction in 2016. The exchange explained that
the circuit breaker protocol was triggered by the increase of the NSE ASI from 33,268.36 to 34,959.39. The market reopened at exactly 1:25p.m, with a 10-minute intraday auction session, before resuming
continuous trading till the close of the day at 2:30p.m. During the halt of trading, no order could be placed until trading resumed. However, existing orders could be withdrawn or cancelled but could not
be modified. Trading halts did not affect the clearing, settlement, and depository operations for matched trades, as these functioned Continued on page 9
Buhari, Akufo-Addo, Adesina, Saraki, PDP Mourn Jerry Rawlings... Page 5 Friday 13 November, 2020 Vol 25. No 9346. Price: N250
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TODAY'S WEATHER
ABUJA 25°C-33°C
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FG, WHO Target 20% of Nigeria’s Population for COVID-19 Vaccination Cautions against trips to US, UK, others We're committed to getting vaccines, says Osinbajo Onyebuchi Ezigbo and Olawale Ajimotokan in Abuja The federal government and the World Health Organisation (WHO) have said that COVID-19 vaccines will first be given to 20 per cent of the country's most vulnerable population when ready. The WHO Country Representative in Nigeria, Dr Walter Kazadi Mulombo, said yesterday at a media briefing by the Presidential Task Force
on COVID-19 in Abuja, that the world body had entered into an agreement with over 186 countries on the funding and distribution of COVID-19 vaccines. Vice President Yemi Osinbajo also expressed the determination of Nigeria to get the vaccine, saying it's a priority of the administration of President Muhammadu Buhari. Continued on page 9
Buhari: Nigeria’s Diversity, Youthful Population Pose Peculiar Challenges Omololu Ogunmade in Abuja President Muhammadu Buhari yesterday said Nigeria's ethnic and cultural diversities as well as youthful population pose peculiar challenges and urged the international community to explore positive advantage of the trend.
The president, while receiving letters of credence from new ambassadors of Belgium, Mauritania, Austria and Norway at the Presidential Villa, Abuja, charged the international community and Continued on page 9
A NEW BEGINNING... L-R: Chief Judge of Edo State, Justice Esther Edigin; the Governor, Mr. Godwin Obaseki, and his wife, Mrs. Betsy Obaseki, during the swearing-in of the governor for a second term in office, in Benin City... yesterday
UK Court Okays Trial of Nigeria’s $1.7bn Suit against JP Morgan...Page 8