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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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ASUU may extend strike for 6 months


By Akinola Ajibade

The Academic Staff Union of Universities ASUU, appears to have throwned decency into the wind, as it planning to extend its strike for another six months.

If this happens, students would be spending a whole year at home with their parents and guardians, in view of the fact that they have already spent six months outside schools, due to strike.

The decision by the executive members of the union to extend the strike for another six months may not be unconnected with " no work, no pay" stand of the Federal Government, a development, which does not augur well with the striking lecturers.

Recall that at the last meeting between the Nimi Briggs led reconcilliation committee, ASUU 's  officials made attempts to compel the government to pay them their six months salaries as one of the conditions for suspending the strike.

The Minister of Education Adamu Adamu had objected to such demand while featuring at a media interactive session coordinated by the Presidential Media Team in Abuja, recently.

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