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Oando drags SEC to appeal court

Oando Plc has headed for the Court of Appeal in its bid to lift the technical suspension imposed on its shares on the floor of the Nigerian stock market by the Securities and Exchange Commission.

Suspended SEC chief awarded contracts to his companies, family members – Kemi Adeosun

Minister of Finance, Kemi Adeosun, says she cannot be blackmailed over her suspension of the Director-General of the Securities and Exchange Commission (SEC), Mr. Mounir Gwarzo due to alleged fraud, saying that the suspended SEC boss awarded contracts to companies related to him and members of his family.

Suspended SEC chief Mounir Gwarzo tried to blackmail me – Kemi Adeosun

The Minister of Finance, Kemi Adeosun, on Thursday said her decision to suspend the embattled Director General of the Securities and Exchange Commission, Mounir Gwarzo, followed his attempt to blackmail her over the ongoing probe of Oando Plc.

Federal workers back govt on suspension of SEC chief Mounir Gwarzo

Federal workers under the auspices of the Association of Senior Civil Servants of Nigeria on Wednesday thrown its weight behind the Federal government over the suspension of Mr Mounir Gwarzo as Director-General Securities and Exchange Commission.

Festus Keyamo warns against politicizing investigation of suspended SEC chief

Festus Keyamo, Senior Advocate and Human Rights lawyer, on Wednesday warned against politicizing the investigation of suspended Director General of the Securities and Exchange Commission, SEC, Mounir Haliru Gwarzo.

Oando to undergo forensic audit

The Securities and Exchange Commission (SEC) has begun the forensic audit of Oando Plc, contrary to reports that the exercise stopped due to the suspension of the Director-General of the Commission, Mr Mounir Gwarzo.

Severance pay and severe pain

For Mr. Mounir Gwarzo, director-general of the Securities and Exchange Commission (SEC), these are not the nicest of times. He must be in a severe pain. He has just been suspended by Mrs Kemi Adeosun, minister of finance, over allegations of impropriety

Court strikes out Oando’s suit to stop forensic audit

A Federal High Court sitting in Lagos has struck out a case filed by Oando PLC against the Securities and Exchange Commission (SEC) seeking to stop SEC from conducting a forensic audit on the company and also lift a technical suspension placed on its shares.

NNPC pledges support for indigenous oil coys at launch of Lagos midstream jetty built...

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, has pledged to deepen support to indigenous companies in Nigeria’s oil and gas industry.

NNPC pledges support for indigenous participation in Nigeria’s oil industry

The Nigerian National Petroleum Corporation (NNPC) has pledged to provide more support to indigenous companies in Nigeria’s Oil and Gas Industry.

Oando conceived Lagos midstream jetty to save Nigeria $50 million annually

Across Africa, the Public Private Partnership (PPP) model has become increasingly critical as both a funding and operational mechanism for social and economic infrastructures

Oando releases strong Q3 results with N7.1bn profit

The economic recovery is also evident in the third-quarter results of the financial sector. Access Bank declared N365 billion earnings, a 33% increase from N275 billion in same period in 2016 while FBN Holdings declared N45.8 billion, up by 5.2% from N417.4 billion in Q3 2016 amongst others.

Oando keeps mum as NSE places shares on technical suspension

The Nigerian Stock Exchange, NSE, on Monday placed shares of Oando Plc on technical suspension.

Nigerian Stock Exchange partially lifts suspension on Oando’s shares

The Nigerian Stock Exchange (NSE) says it has partially lifted the suspension placed on shares belonging to Oando Plc.

Johannesburg Stock Exchange suspends Oando shares

The Johannesburg Stock Exchange on Thursday suspended trading in the shares of Nigeria’s oil company, Oando Plc.

Why we suspended trading of Oando shares – NSE

The Nigerian Stock Exchange, NSE, on Wednesday clarified the suspension of trading in the shares of Oando plc for two days.

SEC suspends sales of Oando shares

The Securities and Exchange Commission on Wednesday instructed the Nigerian Stock Exchange to implement a full suspension in the trading of the shares of Oando Plc.

Equities appreciate by N70bn despite 22 losers

The Nigerian equities market advanced by N70bn at the close of trading on the floor of the Nigerian Stock Exchange on Thursday notwithstanding depreciation in 22 stocks.

EFCC recovers N329 billion from 10 oil marketers for NNPC

The Economic and Financial Crimes Commission (EFCC) says it has recovered N329.150billion from 10 oil marketers from 2016 to date.

Forte Oil in talks on refinery deal to boost capacity

Nigeria's Forte Oil said on Friday it was in talks with a major refinery to form a strategic partnership for local refining of petroleum products in Africa's top oil exporter, its chief executive said.

Oando posts N4.6 billion PAT in H1, 2017

Oando Plc, one of the Nigeria’s leading oil and gas companies, has declared a profit after tax (PAT) of N4.6 billion for the half year ended June 30, 2017, as against a loss of N26.9 billion in the corresponding period of 2016.

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