froz:
The Securities and Exchange Commission (SEC) has directed The Nigerian Stock Exchange (NSE) to suspend trading in the shares of Oando Plc as follows:

1. Effective for forty-eight (48) hours from today, 18 October 2017 to 20 October 2017, The Exchange should implement a full suspension in the trading of the shares of Oando Plc; and

2. Effective from 20 October 2017 and until further directive, The Exchange should implement a technical suspension in the shares of Oando Plc.

A full suspension is the halt of trading activities in a listed security for a period. A technical suspension is the interruption of price movement in a listed security for a period so that any dealings in the securities which occur during the period of the suspension will not result in any change in price, which change may have occurred had the suspension not been implemented.

In the 48 hour period commencing today, there will be no trading in the shares of Oando Plc. Thereafter, effective 20 October 2017, investors will be able to trade in Oando Plc’s shares but such trading will not result in any movement in the price of the shares.

SOURCE: https://brandspurng.com/notification-of-suspension-of-trading-in-the-shares-of-oando-plc/

realnas:
This is what happens when you bite more than you can chew, wole tinubu borrowed large sums of money in order to purchase conophillips assets in Nigeria around 2013 with the believe that oil prices will stay high hence he will be able to pay off the debt quickly that wasn't the case as a result of the crash of commodity prices that was engineered by Saudi Arabia in order kick shale gas producers in the United States Out of business. Oando has been unable to repay it's debt due to low oil prices and that has been affected it's share price that went from 15 naira a share to less three naira burning alot of investors like yours truly in the process.

dustydee:
what is the relationship between Bola Tinubu and Oando?

masseratti:
thanks for the insight, now I know its not political

dustydee:
what is the relationship between Bola Tinubu and Oando?

Kundagarten:

Wait until Buhari finds #1Trillion under Tinubu’s bed.
Sense fall on you

gazza07:
All I see when I look around me is loose, loose situation for Tinubu.. He tot baba will die for his prodigy to take over, baba still bouncing.. he got his picture removed from APC Secretariat, his title for APC national chairman given to baba, his fight with atiku for APC B.O.T chairman in shatters,his wife nearly got beaten and raped by fierce Dino Melaye, and now Oando shares in tortoise crawl.... Mba nu!! for one person! lwkmd!

Afonjas will still shout Sai baba come 2019. they will forget and vote for baba.. they always forget!

masseratti:
thanks for the insight, now I know its not political

Themandator:




Bola Tinubu is not same as Wale Tinubu.... Get fact before rushing to comment.

Themandator:




Bola Tinubu is not same as Wale Tinubu.... Get fact before rushing to comment.