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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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INEC may shift Governorship, Assembly elections to March 18th

INEC's Chair, Prof Mahmood Yakubu



By Akinola Ajibade

Amid plans by the Presidential Candidates of the People Democratic Party( PDP) Alhaji Abubakar Atiku Labour Party( LP), Mr Peter Obi  respectively, to contest the result of the February 25th election won by Asiwaju Bola Ahmed in Court, the Independent National Electoral Commission( INEC) has announced a shift in the Governorship and  House of Assembly elections by one week. 
Both Atiku and Obi are former Vice President and Governor respectively.
Under the new rule, as announced by the electoral umpire recently, the exercise, which was earlier billed  to hold this Saturday March 11th is  now postponed to March 18th. 
Citing problems such as transportation and poor configuration of Biomedal Voters Accreditation System ( BVAS), the INEC's Chairman,  Prof Mahmoud Yakubu,  said that the body has no option than to hold the elections at a latter date, if meaningful and errors free exercise is going to take place in the country. 
According to him,  a meeting comprising key officials of INEC and other relevant institutions is underway in Abuja in order  to fashion out modalities on how best the elections can hold in the country.  












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