Nigerian oil company Oando rose to almost a one-year high on Wednesday, a week after regulators lifted a trading suspension on its shares.
Oando rose 9.70 percent to 9.05 naira, its fifth straight rise after Nigeria’s Securities and Exchange Commission (SEC) directed the stock exchange to lift a six-month suspension on the company’s shares.
The shares closed at 8.25 naira in the previous session.
