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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 strike delays payment of bursary allowance, says Fed Govt


By Favour Ajibade

The Federal Government has blamed the non-payment of N75,000 stipends approved for students of tietsry institutions on the strike by Academic Staff Union of Universities (ASUU), the Minister of Education, Mallam Adamu Adamu, has said.

The government approved the money as bursary allowance for students sometimes ago. However, it is yet to pay to the beneficiaries, due to strike actions employed by ASUU, in order to press home its demands for improved condition of service.

Represented by the 2022 World Teachers Day( WTD) press briefing in Abuja, by  the Permanent Secretary of the Federal Ministry of Education, David Gende, Adamu said ASUU’s strike has delayed the commencement of the packages.

He said, “Most importantly is the support of giving bursary awards to all students of education. As a matter of fact, for that one the ministry of education is going to try and commence it this year. It is because of the current strike that it has not been commenced, but we have about 70 percent of the data for the universities, so at least the provision of bursary awards to education students will commence this year.”

He also stated that the government has commenced the implementation of the 65 years retirement age for teachers in public schools in earnest, including the 40 years of pensionable service.

Recall that government announced payment of between N75,000 to N50, 000 to students of Universities and Colleges of Education in 2021, in order to alleviate the suffering of students nationwide.

 

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