Business

Nigeria’s Oando gains for fifth day to almost one-year high

Isaac UmunnaComment(0)

Nigerian oil company Oando rose to almost a one-year high on Wednesday, a week after regulators lifted a trading suspension on its shares. Oando rose 9.70 percent to 9.05 naira, its fifth straight rise after Nigeria’s Securities and Exchange Commission (SEC) directed the stock exchange to lift a six-month suspension on the company’s shares.

The shares closed at 8.25 naira in the previous session. Reuters

Isaac Umunna

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