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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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More holidays for students, as Govt/ASUU meeting failed

By Akinola Ajibade


Universities'students are going to spend more time at home with their parents and guardians, as meetings between the Federal Government and the Academic Staff Union of Universities ( ASUU) ended in a stalemate. 

This happens as the meeting between the striking lecturers and the Professor Nimi Briggs Committee on Tuesday at the National University Commission in Abuja, failed to achieve tangible results.

Reason, according to one of the senior members of ASUU,  who craved annomity, was based on the facts that the Briggs negotiation committee did not come out with new offer on the issue.

Though the committee pleaded with the leacturers to suspend the on-going strike, with promises that their concerns will be included in 2023 budget, the plea fell on deaf ears. 

According to sources closed to ASUU, the meeting, which started at about 12pm, lasted for about three hours without any agreement reached.

Recall that ASUU embarked on a four-week warning strike on February 14.

On March 14, the union extended the industrial action by another two months to allow the government meet all of its demands.  This was followed by a 12-week extension  on May 9.

Since May 9, the union has remained on strike, vowing to continue until its demands are met.

The demands as stated by ASUU  are improved welfare, revitalisation of public universities and academic autonomy among others. 

One bone of contention for the academics is the non-payment of university revitalisation funds, which amounts to about N1.1 trillion.

However, the government is not ready to pay the money, owing to the fact that it does not have that amount. The government attributed the development to crude oil prices experienced during the Muhammadu Buhari administration. 


 

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