Skip to main content

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...
Post a Comment

'Bad economy forces banks to cut down operational hours'


By Akinola Ajibade


Nigeria's spiralling inflationary rates, high cost of energy and exchange rates have combined together to impact on banking operations in the country, it was learnt. 

The situation is so bad that, according to reliable sources, that banks are reducing their work hours, a development, which ultimately may lead to job's cut in the industry.

One of the banks, Access Bank, in a notification titled ‘Adjusted Closing Time for Select Branches’ to its esteemed customers has listed 83 branches in different states where its shut doors to customers at 3 pm instead of 4 pm.

The bank urged customers to consider processing most of their transactions via its digital channels.

“You can simply process most of your transactions via our digital channels, as a few of our Access Bank branches nationwide will be closed at 3 pm from the 29th of August, 2022,” the bank stated.

The bank said, while some of its branches will continue to operate between 8 am and 4 pm, its electronic channels would be open to customers 24 hours every day.

Besides,United Bank for Africa Plc,has also unveiled plans to adjust work hours in some of its branches to ensure the well-being of employees and customers alike.

The bank stated this in a notification titled ‘Notice of Bank Closure,’ sent to its customers,said: “Dear customer, please be informed that some of our branches will now close earlier for the safety of our customers and employees. Our digital channels will remain available to you 24/7.”

GTCO and FirstBank and some others took such measures early in the year

Comments

Post a Comment

Popular posts from this blog

ICPC Will Not Hesitate to Deal Oil Racketeers

By Favour & Akinola Ajibade Oil racketeers will henceforth face prosecution and subsequently sentenced to prison, in the event that the decision of the Independent Corrupt Practices and Other Related Offences Commission (ICPC) stands by its decision to completely eradicate such activities in the country.  This happens as ICPC  secured a seven year conviction for  two fraudsters, Aso Adasa Morrison and Frank Biobarakuma recently.  The body in a statement signed by its spokesperson, Mrs. Azuka Ogugua and made available to the media, said the two suspects were first arraigned sometime in March 2013 before Hon. Justice B. A. Georgewill of Rivers State High Court 16 on a 17-count charge bordering on conspiracy, forgery and obtaining false pretence regarding transactions in crude oil in Nigeria  She said the court was informed of how the convicts and others at large between the month of March 2012 and February 2013 in Port Harcourt, fraudulently obtain...
Post a Comment
Read more

SHELL PHOTOSTORY-2 ( LAKOWE GOLF COURSE, LAGOS

L-R: General Manager, Safety and Environment, Shell Nigeria, Elozino Olaniyan; Vice President Midstream, Henry Bristol; former Managing Director, Shell Nigeria Exploration and Production Company Limited (SNEPCo), Chike Onyejekwe; SNEPCo Managing Director, Elohor Aiboni and Shell Nigeria Vice President, Human Resources, Olukayode Ogunleye, at the Golf Kitty retreat organised for serving and retired leaders of Shell Nigeria at the Lakowe Golf Course, Lagos… recently. A cross section of serving and retired leaders of Shell Nigeria at the Shell Nigeria Golf Kitty Retreat held at Lakowe Golf Course, Lagos… recently.    
Post a Comment
Read more

Axxela Records 8 million Man-Hours With No Lost Time Injury

Axxela records 8 million man-hours with no Lost Time Injury  By Favour Ifeoluwa & Akinola Ajibade  Axxela Limited, sub-Saharan Africa's leading gas and power  company, has announced another impressive safety milestone.  Axxela, a strong player in the mid-stream gas marketing and distribution,has its  headquarters in Victoria Island, Lagos. The company has now achieved 8 million man-hours with no lost time injury (LTI), surpassing the previous 7 million man-hours LTI milestone achieved in 2023.  According to the company 'Chief Executive officer, Mr Bolaji Ogunsanya, the  achievement has affirmed the decision of Axxela to  strictly adhere to best practices and safety standards across its assets management, operations, and people. He further expressed his satisfaction on the company's achievement. "We are proud of this significant safety milestone, which underscores our deliberate focus on maintaining the highest standards in our envi...
Post a Comment
Read more