Home Companies&Markets Nigeria’s Oando gains for fifth day to almost one-year high

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

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LAGOS, APRIL 18, 2018 – 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.

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