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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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Fed Govt, EU and German Ministry unveil Electric Vehicle ( EV)



By Akinola Ajibade
     Electric motorcycle on display

The Federal Government, European Union( EU) and the German Federal Ministry for Economic Cooperation, yesterday, unveiled an Electric Vehicle (EV) in Lagos.
The government, through its Ministry of Power, developed the vehicle pilot project, while the 
European Union (EU) and the German Federal Ministry for Economic Cooperation provided the necessary financial support for the scheme. 
The project is within the framework
    Panelists at the event

The event, which took place at the Intercontinental Hotel, Victoria Island, Lagos
had fognatories including states' commissioners, 
top-evhelon of the nation's energy sectors among others, in attendance.
Organised in order to showcase the beauty, sophistication and the immense benefits inherent in the solar energy to Nigerians, especially residents of the rural-urban and peri-urban communities in Nigeria, who presently are battling irregular supply of electricity, the event provided opportunities for participants to know how electric vehicles, especially motorcycles can aid the activities of farmers in the course of planting, harvesting and transporting their produce to the market for growth.
Speaking at the event, the Acting Director the Renewable and Rural Power 
Access Department of the Federal Ministry of Power, (FMP), Mr. Abubakar
DAPSHIMA,said that the success of the Electric Vehicle's pilot project was not without the establishment of the Gbamu-Gbamu solar mini-grid community. Gbamu-Gbamu is a village in the South-Western part of Nigeria.
“The objective of the project is to showcase the opportunities in the solar system of electricity generation e-mobility to the people. The project has revealed great benefits that cut across
economic and environmental activities to both the community dwellers and the mini-grid developers,” he added.
Continuing further, Abubakr said that Gbamu-Gbamu, is one of the mini-grid sites supported by NESP during its first phase, stressing that it has provided insights on how the potentials of 
EVs in rural and peri-urban communities can be adequately harnessed

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