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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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2nd Niger Bridge: Prepare for tolls immediately, Fed Govt urges Nigerians

Newly Opened Second Niger Bridge


By Akinola Ajibade


Travellers, especially committers on the Second Niger Bridge are going to be tolled, the Minister of Works and Housing, Babatunde Fashola (SAN) has ssid.

He said that the Nigeria Sovereign Investment Authority (NSIA) will be in charge of the tolls, adding the idea would enable the Federal Government, to properly maintain the bridge.

The bridge, he said, the bridge would specifically serve  East-West and West-East bounds travellers, adding that it will remain open till January 1 for inward travelers, and for those on outward journey from January 2 to 15.

Speaking an interview on Channels Television, yesterday, (Wednesday),  Fashola said: 

“Infrastructure is one of the instruments for economic growth and tackling multidimensional poverty.

“The purpose of the second Niger Bridge is to bring relief to Nigerians who traverse from east to west or west to east.

“Especially during the end of the year, we know that it is a logistics nightmare moving goods and services and people.

“The bridge itself is finished. The road linking it to the Obusi end on the Anambra side is finished, except for the interchange which is at different levels of completion. The road linking it to the Asaba side is the one that we could not finish.

“We know that it is a festive period; the ports are busy, sea and airports. The roads will also be busy. As part of the ember month plan, we decided to open it up and provide a choice for people (to either use the old bridge or the new one). We expect that it will relieve the inconvenience at this time of the year.

“We did the same thing on Lagos-Ibadan expressway.

“There is still work to be done there, but we think that it can get better if we remove the construction barriers so that it is a proper thorough fair.

“We did the same thing in Abuja-Kano. On Abuja-Kano, which is 365 km, we have only five obstructions, and they are for safety.

“The current opening (on the second Niger bridge) for motorists is for those going to the East and will end on the 1st of January. It is currently a one-way crossing.

“On January 2nd, we will reverse what we have done and allow people to use it from January 3rd, that is, for those going back from the East to West.

“On the 15th of January, we will shut it down again so that we can finish the 4 km access road that we are trying to build and also complete the interchanges.

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