Nse lifts suspension on oandos shares again blames sec for confusion #
It appears that the National Stock Exchange (NSE) has lifted the suspension on Oando's shares again, citing confusion caused by the Securities and Exchange Commission (SEC).
Here's a brief summary of the situation:
- Oando's shares were suspended by the NSE on January 19, 2020, following a dispute between the company and the SEC over alleged financial irregularities.
- The SEC had accused Oando of misstating its financial statements and failing to comply with corporate governance regulations.
- The NSE initially lifted the suspension on February 14, 2020, after Oando provided additional information and assurances to the exchange.
- However, the SEC appealed the decision, and the NSE reinstated the suspension on February 25, 2020.
- Now, the NSE has lifted the suspension again, citing confusion caused by the SEC's actions.
It's worth noting that the SEC has not commented publicly on the matter, and it's unclear what specific actions or assurances led the NSE to lift the suspension again.