Skip to main content

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.

Comments

Popular posts from this blog

ICPC Will Not Hesitate to Deal Oil Racketeers

By Favour & Akinola Ajibade Oil racketeers will henceforth face prosecution and subsequently sentenced to prison, in the event that the decision of the Independent Corrupt Practices and Other Related Offences Commission (ICPC) stands by its decision to completely eradicate such activities in the country.  This happens as ICPC  secured a seven year conviction for  two fraudsters, Aso Adasa Morrison and Frank Biobarakuma recently.  The body in a statement signed by its spokesperson, Mrs. Azuka Ogugua and made available to the media, said the two suspects were first arraigned sometime in March 2013 before Hon. Justice B. A. Georgewill of Rivers State High Court 16 on a 17-count charge bordering on conspiracy, forgery and obtaining false pretence regarding transactions in crude oil in Nigeria  She said the court was informed of how the convicts and others at large between the month of March 2012 and February 2013 in Port Harcourt, fraudulently obtain...

SHELL PHOTOSTORY-2 ( LAKOWE GOLF COURSE, LAGOS

L-R: General Manager, Safety and Environment, Shell Nigeria, Elozino Olaniyan; Vice President Midstream, Henry Bristol; former Managing Director, Shell Nigeria Exploration and Production Company Limited (SNEPCo), Chike Onyejekwe; SNEPCo Managing Director, Elohor Aiboni and Shell Nigeria Vice President, Human Resources, Olukayode Ogunleye, at the Golf Kitty retreat organised for serving and retired leaders of Shell Nigeria at the Lakowe Golf Course, Lagos… recently. A cross section of serving and retired leaders of Shell Nigeria at the Shell Nigeria Golf Kitty Retreat held at Lakowe Golf Course, Lagos… recently.    

'2023 will usher in robust oil industry, says independent producers

Pix depicting Nigeria's energy sector Favour Ajibade The Independent Petroleum Producers Group (IPPG),has said that Nigeria will experience positive changes across its  oil and gas value chain in  2023. Its Chairman, Mr. Abdulrazaq Isa, gave this predictions during the Group’s 2022 Annual Dinner in Eko Hotel and Suites, Lagos.  He said that the tangible effects of the Petroleum Industry Act  implementation, conclusion of this International Oil Companies IOC's divestment phase and the emerging dominance of the indigenous players across onshore and shallow water space; implementation of the decade of gas policy; and the expected deregulation of the downstream sector, will all jointly set the tone and direction for Nigeria’s oil and gas industry in the years to come. According to him, the group has an important role to play going forward and as such are best placed to ensure the optimal development of Nigeria’s hydrocarbon resources as its members have demon...