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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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Customs intercepts goods worth N232.m



By Akinola Ajibade
The Nigerian Customs Service( NCS) have seized contrabands worth N232.53 million in the last one month. 

The Federal Operations Unit( FOU) Zone B Kaduna of the Service seized thegoods. The items was siezed between March 23 and April 25, 2022.

Presenting the stewardship of the Service duringg an interview with the media recently, NCS iComptroller Al Bashir Hamisu, said the items include: 1,314 bags of foreign parboiled rice, a total of 219,000 tablets of Ladinax and Sifdol both unregistered pharmaceuticals, 642 cartons of foreign spaghetti and macaroni, 303 kegs of Premium Motor Spirit (PMS) 25Liter size.

Also, the Customs Public Relations Officer (CPRO) MA Magaji, in a statement, said:that the seizure is part of the efforts of the NCS to free the country of illegally imported goods.

The statement said: “Prominent among the interceptions made were 15 bags of 100kg beans containing foreign parboiled rice ingeniously concealed with the beans, 94 bales of foreign secondhand clothing, 49 pieces of used tyres amongst other general trade goods.”

Magaji further said that the leadership of the nation's Customs Service led by, Comptroller Hamisu is committed to remove practices that were not interest of the country once and for all.

" The general public is hereby commended for their cooperation, by offering useful information, which has helped the Unit in tackling in tackling cases of Smuggling and identification of inconspicuous concealments." the statement said 

Adding that: ' The comptroller General of Customs and his management team recently promised to promote officers in the Service.


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