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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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Fed Govt commissions Inland Port in Kano

The newly commissioned Port in Kano


By Akinola Ajibade 


The Federal Government says that it has concluded arrangements to move shipping and port services closer to importers and exporters in the hinterland  with a view to encourage economic growth. 

The government plans to carry out this functions through its inland cry ports across the country. 

The government said this through its Minister of Transportation Mu'azu Jaji Sambo, while commissioning  Dala  Inland Dry Port in Kano State recently.

Sambo , in a statement issued by the Ministry Director of Press and Public Relations, Henshaw Ogbuike and made available to News Mirror, said that importers and exporters of goods would not  have problems accessing their products from foreign countries soon.

According to him, the government has established many Inland Dry Ports across the country, adding that those ports would help in taking goods shopped from Europe or those exported to their owners in Nigeria..

Continuing further, Sambo said that the Inland Dry Ports Projects will help decongest the seaports and also take shipping and port services closer to importers and exporters in the hinterland.

He advised national and international maritime practitioners, shippers, shipping companies landlocked countries and port users to take full advantage of the Inland Dry Ports for imports and exports.

He said the Inland Dry Port initiative was conceived as part of the Federal Government’s ports reform programme and is to be sited at chosen locations across the country.

According to him, six Inland Dry Ports approved by the Federal Executive Council would be concessioned to private sector operators on Public-Private-Partnership (PPP) with the strategic framework to build, own, operate and then transfer the projects to the government.

He commended the President Buhari-led Federal Government for its effort at developing critical infrastructure in the country, especially in the transportation sector, adding that such effort will stand as a testimony for future generations.

The Minister said  that the port which was concessioned to Messrs Dala Inland Dry Port Nigeria Limited, will be a Customs port in accordance with the provisions of the Customs and Excise Management Act, Cap. C45 Laws of the Federation of Nigeria, 2004 and shall have all the pre-requisites of an international port.

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