The Nigerian Exchange (NGX) has lifted the suspension on trading of Oando Energy Plc shares after the company submitted its 2023 audited financial statements, meeting regulatory requirements.
Oando’s trading suspension was imposed due to delayed financial disclosures, with the NGX enforcing Rule 3.1 of its Default Filing Rules. To comply, Oando submitted its audited financial statements for the year ending December 31, 2023, and its unaudited statements for the first two quarters of 2024 on November 1.
Under Rule 3.3 of the NGX’s Default Filing Rules, trading suspensions may be lifted once an issuer meets all disclosure obligations. With Oando now in compliance, the NGX has restored trading access, allowing investors to resume transactions on Oando’s shares.
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