Oando Plc has commemorated World Blood Donor Day via a company led blood donation drive which enabled employees donate blood to save lives.

Oando Plc has announced N4.2 billion profit-after-tax (PAT) for the first quarter of 2018 (Q1’18), which represents 145 percent increase over N1.7 billion recorded in Q1’17.

Shareholders have berated the Securities and Exchange Commission, SEC, and the Nigerian Stock Exchange, NSE, over the controversy generated from their counter-positions Wednesday on the trading status of Oando Plc’s shares.

The Nigerian Stock Exchange (NSE) finally lifted the technical suspension it placed on the shares of Oando Plc, just as the stock rose by 10 per cent to close at N6.60 per share.

The Secuties and Exchange Commission (SEC) yesterday clarified that there was to controversy over the lifting of the suspension on trading in the shares of Oando Plc.

Following the conflicting signal from the Securities and Exchange Commission, SEC, and the Nigerian Stock Exchange, NSE, on the status of trading on the shares of Oando Plc, Wednesday , the Exchange has said that it acted on the directive of the SEC to maintain status quo on the suspension.

EMPLOYEES of Oando have donated branded school supplies to the three schools that make up the Gbagada Schools Complex.

THE Securities and Exchange Commission, SEC, yesterday, said it was ready to commence audit of Oando Plc’s account after a law suit initiated by the later to stall the investigation was struck out by the court.

THE ownership tussle between Mr. Wale Tinubu, Group Chief Executive and Alhaji Dahiru Mangal, shareholder in Oando Plc, has been resolved, thus paving way for peace and stability in the company.

The Securities and Exchange Commission and Oando Plc yesterday engaged in legal cross fire at the Federal High Court in Lagos over the technical suspension imposed on the      shares of the company on the floor of the Nigerian stock market

Shareholders in Oando Nigeria Plc under the aegis of Trusted Shareholders’ Association have issued 7 days ultimatum to the Minister of Finance, Mrs. Kemi Adeosun within which to resign her position, alleging a breach of public trust and confidence.

THE House of Representatives, yesterday, resolved to probe all allegations of corruption in the Securities and Exchange Commission, SEC, which led to the suspension of its Director-General, Mounir H. Gwarzo, by the Minister of Finance, Kemi Adeosun, just as the Commission said it would continue with the forensic exercise on Oando Plc activities.

Oando PLC has partnered with the African Artists’ Foundation (AAF) to promote African art and  socio-economic diversification through the month long Lagos Photo Festival.

As the nation awaits the result of the Administrative Panel of Inquiry(API) set up by the Minister of Finance to look into allegations of financial impropriety levelled against the suspended Director General of the Securities and Exchange Commission(SEC), Mr Mounir Gwarzo and two others, Economic Confidential can confidently report that investigations by the capital market regulatory authority into Oando Plc reveal underhand dealings which are in breach of the Investments and Securities Act, 2007.

Oando Plc has recorded impressive third quarter 2017 financials as turnover increased by 16 per cent to N383.5 billion from N329.9 billion in comparative period of 2016.