Sources are reporting that the Securities and Exchange Commission of Nigeria has formally lifted the 6-month old technical suspension on Oando PLC, a leading Nigerian energy company listed on the Nigeria and Johannesburg Stock Exchanges. This was contained in a letter from the SEC Nigeria to the management of Oando Plc.
The share price of Oando Plc was at N5.99 as at the time of placing the shres of the energy company on technical suspension in October 2017.
It will be recalled that Oando Plc last week wrote to SEC Nigeria, to the lift the suspension due to its impact on minority shareholders.
Details later.
