Tag: Oando
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Shares suspension: SEC’s directives illegal, aimed at ruining our business – Oando
Oando Plc has condemned the decision of the Securities and Exchange Commission (SEC) to fully suspend trading on its shares on the floor of the Nigeria Stock Exchange, NSE. The company described the action as illegal, invalid and calculated to ‘prejudice’ its business. TheNewsGuru.com reports that SEC, on October 18, 2017 suspended trading in the…
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‘OANDO declared unrealised dividend, released false financial statements…’ SEC documents shows
Oil firm, Oando Plc, allegedly declared dividends from unrealised profits and released false financial statements to the public before it was suspended by the Nigerian Stock Exchange, NSE, a letter sent to the oil firm by the Securities and Exchange Commission, SEC, shows. Oando, which was suspended by the NSE on October 19, has been…
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SEC suspends sale of Oando shares
Sequel to alleged discrepancies in its operations and investigation of petitions by shareholders, the Securities and Exchange Commission, SEC, on Wednesday ordered full suspension of the trading of shares of Oando Plc for two days. The commission also directed that effective from Friday, October 20, the Nigerian Stock Exchange should implement a technical suspension of…