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...
President Tinubu waving to the crowd
Nigeria, yesterday, sworned Messrs Bola Ahmed Tinubu and Kashim Shettima as her new President and Commander-In-Chief of the Armed Forces and Vice President respectively.
Prior to this, the immediate Past President, Major General Muhammed Buhari had days ago had honoured the duo as with the titles such as the
Grand Commander of the Order of Federal Republic ( GCFR) and Grand Commander of the Order of Niger, which are the two highest offices, which the country honoured its newly democratically elected leaders with. Buhari spent two terms of eight year in office.
At the ceremony, which marked the end eight-year leadership of former President Muhammed Buhari, Heads of Governments ( Past and Present), Ambassadors, Secretary of States from other countries, Captains of Industries among others, were in attendance, with a view to mark the epoch making event.
The event, organised amid a downpour in Federal Capital Territory ( FCT), which is the nation's seat of government, Lagos, Ibadan and other parts of the country, was described by nationals as a good omen in the history of Nigeria, considering the travails, which the country has witnessed in the last two to three decades.
This includes bad economy, huge debts, security problems, caused by insurgents, popularly known as Boko Haram, weakening foreign exchange , rising inflationary rates, amongst other challenges, which have had negative implications on Nigeria, as a safe country.
Recall that at the inception of his administration in 2015, the former President took over a state of the economy that needed an emergency ward treatment, with no so much care, as the larger percentage of the 220 million population, which Nigeria boasts of were complaining greatly..
However, with the country organising 2023 election and the subsequent announcement of the results by the Chairman, independent National Electoral Commission ( INEC) in-person of Prof Mahmood Yakubu, Nigerians have concluded that the election would herald New hopes to the country.
Yes it is, as the country eventually began the innugurartion into office of her New and Vice President, days ago.
While speaking during one of the pre-innuguration programmes in Abuja, President Tinubu said that two critical issues namely exchange rates and removal of subsidy are not without pains, whenever the federal Government is ready to address them in order to move the nation's economy forward.
With records spanning public and private sectors, the two term governor of Lagos State, who has ensured in moving the State's Internally Generated Revenue ( IGR) from N600million to over N51bilion through his economic knowledge, the new President surely has what it takes to assist in improving the nation's economy.
But as they always: Time will tell.
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