Oando shareholders reap return on Investment as its shares go up by 38%

Oando shareholders reap return on Investment as its shares go up by 38%

Oando shareholders reap return on Investment as its shares go up by 38%

Four days since it began trading again on the Nigerian Capital market, Oando’s shares have witnessed a 38% increase.

The company’s shares has also commenced trading on the Johannesburg Stock Exchange, meaning shareholders on both sides of the world can finally benefit from the positive operations of the company.

The trend started on the day the technical suspension was lifted as the company’s shares were over bid. According to Ms. Ayotola Jagun, Chief Compliance Officer and Company Secretary, Oando PLC in an interview with CNBC. She said; “On day one, the day the suspension was lifted, 178 million Oando shares were on bid with only 5.5 million available for sale. The company’s share price hit the NSE daily price ceiling of 10% by 10.45am; further evidence that there is a lot of interest in Oando shares and that the general mood around the market and our shares is positive.”

As the SEC continues its forensic audit into Oando, the hope is that the SEC will be more transparent in their operations to avoid the technical suspension lifting fiasco from happening again.

The company continues to scale new heights as well. Financial Quest has gathered that just last week the Nigerian National Petroleum Corporation (NNPC) announced that a consortium consisting of Oando PLC and OilServe Limited had been awarded the Engineering, Procurement, Construction (EPC) mandate for the construction of a gas pipeline stretching from Ajaokuta to Abuja as part of the Ajaokuta-Kaduna-Kano Pipeline.

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Ezeadichie Onyeka Michael is the Co-Founder of Haelsoft, a Professional Services Company in Nigeria that provides Information and Technology Services for small and big size companies in Nigeria(Africa). He is an Entrepreneur and Venture Capitalist with Expertise in Web Technology and Digital Marketing. He has developed & Implemented Digital Marketing Strategies(Campaigns) for top brands across sectors in Finance, Telecommunication, Ecommerce who operate in the African market. His professional experience includes key roles at Google Business Group(Nigeria), Google Women on the Web (Nigeria), Edubridge Consultant and Wild Fusion where he has trained over 500 Entrepreneurs on how to use various Web Technology products to succeed online. Customer centricity, User Experience, Conversion optimization are 3 pronged framework he applies around the often-frenetic world of web analytics to ensure that clients stay competitive in the market. He believes that investing in talent is the key to long term success for brands across Nigeria (Africa).

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