Nse suspends trading oando shares #

It looks like you're referring to a recent news article!

Yes, you're correct. On October 21, 2021, the Nigerian Stock Exchange (NSE) suspended trading on Oando Plc's shares due to a dispute between the company and the Securities and Exchange Commission (SEC) over alleged financial irregularities.

The suspension was announced by the NSE in a statement, citing the need to protect investors and maintain market integrity. The suspension was effective from October 21, 2021, and trading on Oando's shares was halted until further notice.

The dispute between Oando and the SEC centered around allegations of financial misstatements, insider dealings, and other regulatory breaches. The SEC had earlier issued a query to Oando, asking the company to respond to the allegations, but the company failed to do so, leading to the suspension of trading on its shares.

The suspension has significant implications for Oando's shareholders, who are unable to buy or sell the company's shares until the dispute is resolved. The development has also raised concerns about the company's financial health and its ability to continue operating normally.

I hope this information helps!