A Review of the Nigerian Energy Industry

Equities: Mobil records huge gain, Oando resumes trading

 12 April 2018, Sweetcrude, Lagos – Mobil Oil, also known as Double 1 (11), recorded a huge gain in three consecutive days at the Nigerian Stock Exchange, NSE, on Thursday.
Trailing Mobil on the gainers’ chart was Oando with a 0.6kobo gain after the NSE lifted the technical suspension on the company’s shares. The 0.6 kobo gain represent a 10 per cent increase in the previous close of N6.
Oando’s management said the lifting of suspension on its trading shares will restore and boost investor confidence in the Nigerian bourse.
Top Gainers
Mobil: 8 kobo
Oando: 0.6 kobo
Top Losers
 Forte: -0.55 kobo
Japaul: -0.04 kobo
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