Oando Plc share price has seesawed of late following its remarkable rally from N9 back in September to about N22 has the closure date for the Conoco Deal drew nearer. Now, it appears the stock has lost some steam as the market has basically factored in every bit of news it has in the share price. It closed this week at N18.20 after opening at N21.83 a 16% drop. It dropped 10% today alone. The share price is still relatively cheap in my opinion even though its not one we like to own in Ugometrics Portfolio (at least for now).
![[The Nigerian Economy Daily] FG has approved the closure of five foreign missions and embassies](https://nairametrics.com/wp-content/uploads/2017/05/nigerian-economy-today-1.jpg)
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