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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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Uber and e-cab drivers will go on strike, if ........


By Akinola Ajibade


Drivers of Uber and Bolt e-cab have threatened to go on strike, in the event that there is no upward review of the fares, they are charging Nigerians.

They stated this during a press conference in Abuja recently.  

Operating under the National Coalition of Ridesharing Professional (NACORP), the Uber and Bolt e-cab drivers have commenced a three-day warning strike over alleged exploitation and. extortion by e-hailing companies.

The warning strike, the body said will last between May 31st and June 1st,2022 after which they may consider other drastic measures to get the authority’s to hearken to their demands,which include immediate upward review of e-cab fares to reflect the current economic reality in the country.

Speaking at a press briefing,the Deputy Coordinator Administration, Fred Aleburu,NACORP, advocated the need for the profiling of the riders ( passengers ) for security purpose.


He implored government authorities to come to their aid by invoking relevant laws to regulate the activities and operations of the ride-hailing companies in Nigeria.

He lamented that apps companies have refused to review its fare as the companies continued to charged N300 for a trip despite the daunting economic situation in the country.

He also accused the companies of being insensitive to their plight despite all the effort to finding a lasting solution to the problem.

The drivers would cripple the operation of the companies for subjecting them to untold hardship and untimely death,he said.

He added: ” We have come together to organise this three day warning strike because since the inception of Uber and Bolt in Nigeria they have refused to profile their riders. We have been on several protests and yet our drivers are dying. When passengers enter our vehicles they kill the drivers and in the end both Uber and Bolt will not have valid identity documents of so- called passengers.

” This is simple let us share valid and equal identity with the riders, so when they perpetrate evil we will be able to know who did what. Secondly the fare has been reduced so much in this harsh economy that we are facing right now. Uber and bolt can give you a trip of N300 as drop off when we are buying fuel at a very high rate and we are servicing our car at a high cost. There is no servicing of vehicle now that is less than N10,000″.

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