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Oando Acquires Oil Block In Angola

Oando Plc  Favour Ifeoluwa & Akinola Ajibade  Oando Plc  says it has completed and won the bid for the operatorship of oil block KON 13 in Angola. The firm which recently acquired Eni of Italy’s oil assets in Nigeria, said that the award of the oil block located in Angola’s onshore Kwanza Basin followed a competitive bidding process by the country’s oil and gas sector regulator. It further said hat the asset in which it owns 45 per cent participating interest, has estimated prospective resources of 770 to 1,100 million barrels of oil. Oando is handling its operations relating to the asset through its upstream subsidiary, Oando Energy Resources (OER). “Oando Plc,  Africa’s leading indigenous energy solutions provider listed on both the Nigerian Exchange Limited and Johannesburg Stock Exchange is pleased to announce that its upstream subsidiary, Oando Energy Resources (OER), has been awarded operatorship of Block KON 13 in Angola’s Onshore Kwanza Basin, following a...
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Blackout,as national grid collapsed again

By Akinola Ajibade

Nigeria has witnessed another outage, following the collapse of its electricity transmission system also known as the national grid.
The development, as usual, has plunged Africa’s biggest economy into darkness.
News Mirror reports that the latest collapse, which rocked the country on Friday night, is the third time within the space of one month, and the fourth collapse in 2022.
Prior to this period, the country has witnessed two collapses within twenty fours. They occurred on March 14 and 15 respectively this year.
Some power distribution companies confirmed the development in separate interviews with News Mirror.
The Abuja Electricity Distribution Company( AEDC) stated  that the collapse had resulted in power outage in its area of operation, which covered about five states.
 The firm in a tweet via its official Twitter handle,  said, “Please be informed that there has just been a national grid collapse causing an outage in our franchise areas.“
"We apologise for the inconvenience caused and appeal that you bear with us while we await restoration from the TCN (Transmission Company of Nigeria). We regret all inconvenience caused.”
Also, Eko Electricity Distribution Company said the grid collapse affected its entire network.
“Good evening everyone. We regret to inform you that the current outage affecting our entire network is due to system collapse,” EKEDC stated.
It added, “TCN team is working to resolve it as soon as possible.
Sincere apologies for the inconveniences caused. Please, bear with us.
"Last month, Nigeria’s power grid collapsed twice and worsened the energy crisis nationwide, as Nigerians had to contend with fuel scarcity and power outages.
The collapse of the grid on Friday evening, again caused blackout across the country, as homes and businesses were without power to run their activities.
Efforts made to get General Manager, Public Affairs Department,TCN, Ndidi Mbah to comment on the issue proved abortive as calls out to her was not picked.


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