Business

SEC suspends trading in Oando shares

The Securities and Exchange Commission (SEC) has directed the Nigerian Stock Exchange (NSE) to suspend trading in the shares of Oando Plc effective from today. The suspension which will last till 20 October is a prelude to the technical suspension of the company shares. A full suspension is the halt of trading activities in a […]

Business

Nigeria’s Oando holds shareholder meeting after SEC green light

LAGOS – Nigeria’s Oando Plc (OANDO.LG) held its annual shareholder meeting on Monday after regulators gave it the green light despite an ongoing dispute over its ownership structure, sending shares in the energy company higher. The Securities and Exchange Commission (SEC) said in July it was investigating Oando’s shareholding structure following its $1.65 billion acquisition […]