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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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NLC will embark on strike next Wednesday, if......

Members in solidarity march 


By Akinola Ajibade


The Nigeria Labour Congress ( NLC) will embark on strike over the prevailing scarcity  of cash next week Wednesday ( March 29th), if all go according to plans. 

This is coming on the heels of the decision of  the NLC's President, Comrade Joe Ajaero, to direct public workers to down tools over the issue, as from next Wednesday, if the Federal Government does not provide urgent solution to the matter. 

Also, Ajaero, has  directed affiliate unions constituting the Nigeria Labour Congress to be on standby, with a view to go on picketing exercise across all branches of the apex bank next week.

Prior to this period, the Central Working Committee of the union last week, issued  warning threats to go on strike after criticising the cash swap policy of the Federal Government.

The committee  lamented that despite the Supreme Court order allowing the old N500 and N1000 notes to circulate with the new notes till December 31st this year, the situation appears to be getting worse as workers cannot access cash to pay fares to work, neither can they buy food for their families.

Speaking on Wednesday at the headquarters of NLC, Ajaero also punctured the pricing irregularities in the petroleum sector, was also a cause for concern.

He added:”Last week we gave an ultimatum for the review of the cash crunch bedeviling the country, but we have discovered to our dismay that as at this moment not much effort has been made to ameliorate the situation, government is still foot dragging on these issues we raised.

“Based on this, we met again this morning to review our position and resolved that by Wednesday next week all CBN branches will be picketed, workers are directed to stay at home too because people cannot eat, workers can no longer go to the office, we have been pushed to the wall, we have decided to take our destiny in our hands, we have mobilised our workers on this exercise”

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