Oando settles long-running dispute with Nigerian regulator

Oando settles long-running dispute with Nigerian regulator

Oando has reached a settlement with the local Securities and Exchange Commission, bringing to an end a long-running dispute.

The oil company agreed to halt legal action, pay a sum and improve corporate governance. The SEC did not reveal the amount Oando would have to pay.

The company did agree to provide information on its compliance in its quarterly reports.