Shareholders hail Wale Tinubu over Oando settlement with SEC
Months after a plethora of court cases with counter judgements, the investment community was greeted on the evening of July 19, with the news of a settlement to the dispute…
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Oando’s Share Price Jumps Following Settlement with SEC
The share price of Oando Plc has since joined the Nigerian Exchange Limited’s top gainers with a 9.87 per cent increase in its share price from N3.97 on July 23, 2021, to N4.36…
Oando Crisis: Adeosun queries SEC, appoints new director-general
The Minister of Finance, Kemi Adeosun, has appointed a new director-general for the Securities and Exchange Commission (SEC).The appointment comes days after the confusion between SEC and the Nigerian Stock Exchange (NSE) over the…
Lifting Oando’s suspension in order – SEC
The Securities and Exchange Commission (SEC) yesterday said there was no controversy over the lifting of the suspension on trading on Oando Plc’s shares. Its acting Director-General, Dr Abdul Zubair, explained to reporters in Abuja…
NSE lifts suspension on Oando’s shares again, blames SEC for confusion
The Nigerian Stock Exchange (NSE) has lifted the technical suspension on Oando’s shares for the second time in 48 hours. In a statement released on Wednesday, NSE said the instructions from the Securities and Exchange Commission was…
We are gathering details on Milost, Unity Bank saga – SEC
The Securities and Exchange Commission (SEC) has said it is still gathering details on about $1bn share purchase crisis rocking Nigeria’s Unity Bank Plc and United States based Milost Global Inc. The Nigerian Stock Exchange, (NSE)…
SEC explains delay in Oando’s audit
The Securities and Exchange Commission has explained reasons for the delay in Oando’s audit, citing disagreements between shareholders of Oando Plc and the management team, as well as lawsuits filed by both against SEC. According to…