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Oando Plc

NSE: Oando leads seven other coys with 52.75 percent growth in April

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 performance on upward trajectory as company declares profit of N19.8 billion

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.

Oando: We can finally reap return on our investment – shareholder

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.”

Johannesburg Exchange lifts ban on trading in Oando shares

The Johannesburg Stock Exchange, JSE, has lifted suspension on trading in the shares of Nigerian oil major, Oando Plc.

Oando shareholders demand Minister Kemi Adeosun’s sack

Shareholders of Oando Plc have demanded the sack of Kemi Adeosun, minister of finance, for allegedly interfering with the stock market.

Minister explains reinstatement of trading on Oando shares

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.

SEC, NSE lift suspension on Oando shares as shareholder groups differ on decision

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).

SEC: No controversy over lifting Oando’s technical suspension

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.

Oando shares rise 10% after suspension lifted

Shares in Nigerian oil company, Oando, rose 10 per cent Thursday after the regulator lifted a suspension placed on trading in the oil firm’s shares.

SEC: Result of Oando’s forensic audit out soon

The Securities and Exchange Commission (SEC) said late on Wednesday night that Nigerians, particularly shareholders of Oando PLC, should expect the release of the primary findings of the forensic audit of the company soon.

Confusion as NSE/SEC contradicts self on technical suspension on Oando shares

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.

Chaos as NSE reverse technical suspension of Oando PLC

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.

Oando drops lawsuit against SEC

Nigerian oil company, Oando, has dropped its lawsuit against the domestic Securities and Exchange Commission, paving the way for a forensic audit of the firm, the regulator announced in a statement on Tuesday.

Deloitte gets go ahead on Oando audit

The Securities and Exchange Commission (SEC) has asked Deloitte can go ahead with the forensic audit of Oando Plc.

2017: Oando to delay release of financial result

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.

Minister Kemi Adeosun asked me to stop Oando audit – Munir Gwarzo

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

Shareholders fault Emir Sanusi’s intervention in Oando crisis

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.

Oando appoints former Head of Service as director

A former Nigerian head of service, Bukar Aji, has been appointed as a non-executive director at the oil firm, Oando Plc.

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