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SEC Directs NSE To Suspend Trading In Oando Shares

The Securities and Exchange Commission (SEC) has directed the Nigerian Stock Exchange (NSE) to suspend trading in the shares of indigenous energy firm, Oando Plc. … Continue reading SEC Directs NSE To Suspend Trading In Oando Shares


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The Securities and Exchange Commission (SEC) has directed the Nigerian Stock Exchange (NSE) to suspend trading in the shares of indigenous energy firm, Oando Plc.

A statement on NSE’s website said the exchange is to implement a full suspension in the trading of the security, effective for 48 hours, beginning from today (Wednesday) till Friday.

According to the statement, NSE is to also implement a technical suspension in the shares of Oando from October 20, 2017.

SEC noted that subsequent trading after the technical suspension is introduced would result in no price movement of the shares.