Nigerian Regulator Lifts Suspension on Oando Shares

Nigeria's Stock Exchange has lifted a suspension on trading in shares in oil company Oando, following a directive from the Securities and Exchange Commission. Trading on Oando shares had been frozen for six months on the Lagos stock exchange. The regulatory agency ordered the suspension to investigate alleged insider trading and the oil company's shareholding structure.

Nigerian oil company, Oando.

InFocus

Follow AllAfrica

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.