Oando’s JSE listing also suspended

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The Johannesburg Stock Exchange (JSE), on Thursday halted trading in the shares of Nigerian oil company, Oando, Business Day SA, reports.

A statement was issued via the JSE’s Sens service on Thursday morning saying Oando’s listing had been suspended “pending clarification following the review of subsequent correspondence received on October 18 from the Nigerian Stock Exchange and SEC”.

The suspension came after an initial order by Nigeria’s Securities and Exchange Commission (SEC), prompted the Nigerian Stock Exchange (NSE) to suspend the embattled company on Wednesday. Oando said it would “provide a full statement of the company’s position as soon as possible”.