NSE Suspends Trading on Oando Shares as Crisis Deepens

The Nigerian Stock Exchange on Wednesday has said that it has suspended trading in the shares of Oando Plc from October 20, 2017. A directive gotten from Securities and Exchange Commission.

The NSE, in a statement on its website, said it acted on the directive of the Securities Exchange Commission.

The statement reads, “dealing members are hereby notified that the Securities and Exchange Commission has directed The Nigerian Stock Exchange to suspend trading in the shares of Oando Plc as follows:

“Effective for 48 hours from today, October 18, 2017 to October 20, 2017, the exchange should implement a full suspension in the trading of the shares of Oando Plc; and effective from October 20, 2017, and until further directive, the exchange should implement a technical suspension in the shares of Oando Plc.”

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