Oando falls 9.52% in early trading to near 3-year low after SEC’s report

The share price of Oando Plc is down 9.52 percent in early trading on the Nigerian Stock Exchange (NSE) after the Securities and Exchange Commission (SEC) unveiled its findings from an investigative report on the company.

The stock, which opened at N4.20 on Monday, lost 40 kobo to N3.80 at 11:00AM Nigerian time, bringing the company’s share value to its lowest level since November 30, 2016.