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Oando Plc and seven other companies outperformed stocks on the Nigerian Stock Exchange (NSE) in April to emerge as top performing equities in percentage terms.
Oando has once again boosted shareholders confidence by publishing a N19.8bn profit after tax in its FYE 2017 financial results. Five quarters in a row, Oando PLC has sustained its trend of posting positive results.
Speaking on the lifting of the technical suspension, Mr. Babatunde Badmus, Pacesetter Shareholder Association said: “We are happy the SEC and the NSE has finally heeded to the pleas of minority shareholders. It is unfortunate this took six long months, nonetheless we are pleased to finally be opportune to reap from the Company’s positive operations.”
The Johannesburg Stock Exchange, JSE, has lifted suspension on trading in the shares of Nigerian oil major, Oando Plc.
Shareholders of Oando Plc have demanded the sack of Kemi Adeosun, minister of finance, for allegedly interfering with the stock market.
While the shareholder groups have accused Adeosun of “unwholesome interference” in the nation’s capital market and meddling in the operations of SEC, and demanded her immediate sack, the minister has denied the allegations, saying the shareholder groups were speaking out of ignorance.
Different shareholder groups of Oando Plc have expressed varied opinions on the lifting of the technical suspension placed by Nigerian Stock Exchange (NSE), based on the recommendation of Securities and Exchange Commission (SEC).
The Securities and Exchange Commission (SEC) on Thursday said there was no controversy over the lifting of the suspension on trading on the shares of Oando Plc.
The Nigerian Stock Exchange (NSE) and the Securities and Exchange Commission (SEC) have disappointedly thrown the country’s financial market into turmoil following the reversal of the lifting of the technical suspension placed on free trading of Oando PLC’s shares.
The Nigerian Stock Exchange (NSE) on Wednesday lifted the technical suspension placed on Oando shares with the Securities and Exchange Commission (SEC), ordering a reversal three hours later.
This development was short of expectations because of the ongoing SEC forensic audit of the Company. The forensic audit was precipitated by alleged findings of the SEC, following an investigation into the Company which commenced in July 2017.
The Minister of finance, Kemi Adeosun, and the suspended Director General of Securities and Exchange Commission, SEC, Munir Gwarzo have disagreed over the legality of the controversial suspension of the latter.g
Thousands of Nigerian shareholders have advised the Emir of Kano, Muhammadu Sanusi, to desist from interfering in the planned forensic audit of Oando Plc, saying the move was capable of eroding investors confidence in the capital market.
Doctors in Lagos State, under the aegis of the Medical Guild, on Monday, began a three-day warning strike.
Tottenham boss Jose Mourinho has set his sights on winning next season’s Europa League if his side can qualify — even though he admits it is “not a competition I am in love with”.
The Social Democratic Party (SDP), says it would not extend sales of nomination and expression of interest forms for the Sept. 27, Ondo State governorship election.
Dr Kolade Solagberu, NMA Chairman, disclosed this while briefing newsmen on Monday in Ilorin on events heralding the association’s 2020 Annual General Meeting (AGM).
No fewer than 736 cases of coronavirus have been discharged in Ogun State, State government confirmed on its Facebook handle.
The Securities and Exchange Commission (SEC) has restated its preparedness to collaborate with the National Information Technology Development Agency (NITDA) to foster safe conducts and usage of personal data in the Nigerian capital market.
The Kwara Government says 71 more people have tested positive to Coronavirus (COVID-19), bringing the total of confirmed cases in the state to 382.
Their decision to embark on an industrial action was contained in a letter to the governor and jointly signed by state Chairman of Joint Negotiating Council (JNC), Oluwaniyi Fabunmi and the State Secretary, JNC, Kehinde Olomiye.
Italian Serie A sides AC Milan and Fiorentina have expressed an interest in signing Super Eagles defender Ola Aina this summer.
The Pro-Chancellor and Chairman of Council, Benue State University, Makurdi, Prof. Zacharys Gundu has tested positive for COVID-19.