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NSE to Suspend Trading Shares belonging to OandO PLC

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As From Friday October 20,2017, The Nigerian Stock Exchange, NSE, says it will suspend trading the shares of Oando Plc.

The Nigerian stock exchange made this known via their website,saying that they were merely acting on the orders of the Securities and Exchange Commission (SEC)

This are the content of the statement:

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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