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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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Ajaero- Nigerians: Prepare for strike, if govt fails to proffer solutions to cash crunch

Ajaero addressing union members

Nigeria may witnessed another strike action,in the event that the Federal Government fails to put an end to the cash crunch, occasioned by the changing of old naira notes to new ones.

Recall that the eight months strike embarked upon by the Academic Staff Union of Universities ( ASUU) ended late last year( 2012) only for the Nigerian Labour Congress ( NLC) to  threaten to go on  another strike, if the government refuses to end the cash crunch, which has impacted negatively on Nigerians across boards.

NLC's President,  Comrade Joe Ajaero, yesterday ( Monday) issued ultimatum that the body begin another strike, if the  scarcity of naira was not addressed in time by the government.

Ajaero, who spoke at  opening session of the Central Working Committee (CWC) meeting of the apex labour union, expressed disgust over the hardship Nigerians were going through as a result of the cash swap policy of the Federal Government, warned that on the expiration of the seven days, workers would be directed to stay away from work if nothing is done to ameliorate the situation.

He also frowned at the current fuel scarcity in the country, lamenting that workers and Nigerians are being pushed to the wall.

He added:” On this issue of fuel scarcity and cash crunch, Congress wish to inform the Federal Government that we will no longer keep quite.

“NLC is giving the CBN and the FG seven working days, if they fail to do the needful at the expiration of the seven days, all workers in Nigeria should stay at home,” Ajaero stated before the meeting broke into a closed door session.

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