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...
By Akinola Ajibade
Travellers wishing to patronise Dana Airlines for either personal and business activities would not be able to do so, as the Nigerian Civil Aviation Authority (NCAA) suspended its operations and two others indefinitely.
The ban, which took effects from the midnight of of Wednesday, 20th July, 2022 has added more troubles to the nation's aviation industry, which is still struggling to survive due to nation' s crawling economy.
According to the authority, the suspension was made pursuant to Section 35(2), 3(b) and (4) of the Civil Aviation Act, 2006 and Part 1.3.3.3(a)(1) of the Nigeria Civil Aviation Regulations (Nig.CARs), 2015.
The suspension order, handed down by the Director General, Captain Musa Nuhu, has since been communicated to the management of Dana Airlines and others.
Nuhu notes that, “The decision is the outcome of a financial and economic health audit carried out on the Airline by the Authority, and the findings of an investigation conducted on the Airline’s flight operations recently, which revealed that Dana Airlines is no longer in a position to meet its financial obligations and to conduct safe flight operations.
The NCAA acknowledges the negative effect this preemptive decision will have on the Airline’s passengers and the travelling public and seeks their understanding, as the safety of flight operations takes priority over all other considerations.”
It would be recalled that Nigeria’s oldest airline, Aero contractors also suspended its passenger flight operations indefinitely from today.
The company, stated that the suspension of its operations was due to the impact of the challenging operating environment on its daily operations.
In a reaction to the development, Aviation Analyst, Mr. Olumide Ohunayo, stated that, “Aero Contractors is the oldest airline in Nigeria and also the most successful in the non-scheduled operation services before they ventured into schedule operations, and since then they have been struggling to break through the bridges of operations couple the buy over by the Ibru family and then professionalism began to erode the company, coupled with mismanagement.
“The company have maintained a perfect safety record, they went into aircraft and maintenance had a succession in viable maintenance organization, they have a standard and well-equipped training school.
“As a company, they felt like rather than lose it all, they had to suspend a section of the business. It is a perfect decision, they have been with AMCON for sometimes and they are yet to come out of that problem. If they suspend flight operations to concentrate on other aspects of their operations which includes non-schedule operations which are profitable, aircraft maintenance agency and the aircraft training school which is doing well, I must commend them for being bold on this.”
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