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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...


The Nigeria Labour Congress ( NLC) has elected Comrade Joe Ajaero as its new President, a development, which was brought about the exit of Comrade Ayuba Wabba, who successful completed  two terms in office this year.

He served as the nation's labour union for  eight years ( 2015-2023).

The new President is expected to serve the apex labour union for a term of four years or at most two, just as Wabba did. 

Expectedly, President Muhammadu Buhari has congratulated the newly elected president of the Nigeria Labour Congress (NLC), Joe Ajaero as he pledged to reawaken the spirit of the labour movement to become the true champions of the Nigerian people.

According to him, NLC would cry the cries of the Nigerian masses and jointly wage wars against all forces of impoverishment and misery, adding that, the current electricity tariff and provisioning had remained stacked against Nigerian workers and masses, adding that NLC would work with government to bring sanity to sector.

“We urge the federal government again to review the privatisation of the electricity sector; a process both the government and all of us have agreed was mired in corruption,” he said.

In his acceptance speech after being unanimously elected at the 13th Quadrennial Delegates Conference held in Abuja on Wednesday, Ajaero said he would be seeking deeper engagement with governments at all levels more creatively to sustain the philosophical foundations and traditions of the congress.

Prior to this period, Ajaero was the  General  Secretary of Nigeria Union of Electricity Employees (NUEE), 



who vowed not fail Nigerian workers and people said the leadership of the congress would seek platforms to lift them from shackles of poverty.

“We will not betray that trust! We are committed to resolutely pursuing the interests and desire of Nigerian workers and by extension the majority of Nigerian masses.

“We, therefore, pledge our loyalty to the NLC, Nigerian workers, Nigerian masses and Nigeria. Our breath comrades, our thoughts and our actions shall be propelled by this avowal!”

President Muhammadu Buhari has congratulated the new president of the Nigeria Labour Congress (NLC), Joe Ajaero, describing his emergence as a mark of democracy in labour movement.

Ajaero, former General Secretary of the National Union of Electricity Union, was voted on consensus at the 13th NLC’s National Delegates Conference in Abuja.

Hours later, the President issued a statement via his media aide, Garba Shehu, seeking partnership with the newly elected executives of the labour body.

Buhari expressed the hope that Ajaero and his team will continue to be partners to the administration in fulfilling the aspirations of the Nigerian people.

“This victory that emerged from a rancour-free congress,” the President notes, “is a mark of the strength of democracy in the nation’s labour movement.

“Today, as he rises to the highest position in the NLC, it is our hope and desire that he will use the position to write a new chapter of progress for all workers and the labour movement in the country and the continent in general.

“After many years of hard work and struggles, the selflessness with which Ajaero dedicated himself today paid off. His journey in the Labour movement has been a remarkable one, marked by many important milestones.”

The President also congratulated Comrade Ayuba Wabba for the successful completion of his tenure as the head of Nigerian workers, wishing him the best in his future undertakings.

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