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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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Emirates suspends operation in Nigeria Sept 1, this year




By Akinola Ajibade



Emirates Airlines is suspending operations to and from Nigeria on September 1 this year, due to  reduce losses incurred from servicing travelers, the company has said.

The carrier, which has for years been been enjoying  huge patronage in Nigeria, in a statement, said that its finding difficult to repatriate funds from the country and as a result, concluded plans to stop flying into and from  the Africa's biggest country in the next 44 days.

The firm further said that it has tried every avenue to address its ongoing challenges in repatriating funds from Nigeria, to no avail.

Considerable efforts, according to management, of Emirates Airlines, have been to dialogue with the relevant authorities for urgent attention, without much success.

“Regrettably there has been no progress. Therefore, Emirates has taken the difficult decision to suspend all flights to and from Nigeria, effective 1 September 2022, to limit further losses and impact on our operational costs that continue to accumulate in the market.

“We sincerely regret the inconvenience caused to our customers, however, the circumstances are beyond our control at this stage. We will be working to help impacted customers make alternative travel arrangements wherever possible, it added.

Continuing further, Emirates said that it would not hesitate to  come back to Nigeria, in the event there are positive developments.

“  Of course, we will re-evaluate our operations in the country, once the development looks positive. We remain keen to serve Nigeria, and our operations provide much-needed connectivity for Nigerian travelers, providing access to trade and tourism opportunities to Dubai, and to our broader network of over 130 destinations.”


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