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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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'No plans to replace Naira with digital currency now' says CBN. By Akinola Ajibade


The central Bank of Nigeria (CBN) refuted the claims in some media organisations ( Not News Mirror) that its replacing the  Naira notes in circulation with digital currency, the eNaira, soon.

The Director, corporate communications Department of the apex bank, Mr Osita Nwanisobi, in an interview with the media at the weekend, said that there was no iota of truth in the story.

According to him, the statement was purportedly  made during a stakeholders’ engagement on eNaira adoption in Asaba, Delta state, adding that it was misconstrued by Nigerians, urging stakeholders to disregard the news  in it’s entirety. 

Continuing futh, Nwanisobi said that the digital version of the Naira is meant to complement the existing currency notes and therefore, will circulate simultaneously as means of exchange and store of value.

On the benefits of adopting the eNaira, Nwanisobi  said that the digital legal tender aside from the safety and speedy features, it will also ensure greater access to financial services by the underbanked and unbanked populace thereby enhance financial inclusion.

He  however urged members of the public and business owners to embrace the digital currency, the eNaira whenever its comes out.

The eNaira was launched by President Muhammadu Buhari in October last 2021.


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