Oando boosts shareholders’ confidence, posts N19.8b PAT
Five quarters in a row, Oando PLC has sustained its trend of posting positive results. The company has once again boosted shareholders confidence by publishing N19.8bn profit after...
Oando announces delay in release of full year 2017 result
Oando Plc has announced that the 2017 full year result will be delayed due to request by the Financial Reporting Council of Nigeria (FRCN), to undertake a more detailed review of the company’s results.
Oando shareholders lament effect of SEC’s investigations on share price
Shareholders of Oando Plc on Tuesday raised concerns on how the Securities and Exchange Commission’s investigation has impacted negatively on the activities of the company, from reduction in share price to eroding of both local and international investors’ confidence in the company.
Court strikes out Oando’s suit against SEC
A Federal High Court, Lagos, has struck out a case filed by Oando Plc against the Securities and Exchange Commission (SEC), seeking to stop the Commission from conducting a forensic audit on the...
SEC suspends trading on Oando shares, begins probe of oil firm
The suspension order was to protect investors against dwindling share value while the forensic audit lasts. The order, in a circular yesterday in Abuja, explained that the action followed the outcome of two petitions from Alhaji Dahiru Barau Mangal and Ansbury Incorporated.
Shareholders seek fair investigation on Oando crisis
The shareholders alleged that some of their colleagues were been used as conduit to reach out to the SEC, calling on the SEC to stay away from these elements who parade themselves as shareholders leaders.
Oando Plc, Flour Mills deepen ties with American investors
Wale Tinubu applauded the Council for facilitating transactions between a very diverse set of stakeholders and expressed his hopes for even stronger and more impactful relationships in the near future.
SEC, Oando get 14-day ultimatum to resolve alleged N799b shareholders’ liabilities
The House of Representatives Committee on Capital Market and other Institutions has issued the Securities and Exchange Commission (SEC) and Oando Plc a two-week ultimatum to resolve all lingering issues bordering on the N799 billion stakeholders’ liabilities.