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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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ECOWAS Moves To Avert War In Niger, As Delegation Visits Tinubu


By Favour & Akinola Ajibade 

The Economic Community of West African States(ECOWAS) has taken a step forward to restore peace in Niger Republic, a country, which recently witnessed a Coup'Detat.

Prior to this, the sub-regional bloc has engaged in several discussions with the military, civilians and relevant parties in the country and beyond, in order to provide peace in the country.

Days ago, ECOWAS Commíssion through its President, Omar Touray; leader of the ECOWAS delegation to Niger Republic’s military junta, General Abdulsalami Abubakar and the National Security Adviser (NSA) to the President, Mallam Nuhu Ribadu, visited the Presidential Villa Abuja obviously to update President Bola Tinubu on their recent mission to the country.

Sources close to the meeting disclosed that Abdulsalami and the ECOWAS delegation to Niger recently are exploiting all avenues to avert war with the neigbouring country, especially now that the military junta in Niger has said it was not averse to dialogue to resolving the crisis.

ECOWAS had maintained that it would deploy military action against the West African country should it fail to restore democracy, especially reinstating Mohamed Bazoum as President.

The development had been further heightened as the junta leader proposed a three year transition template.

The source said:“Apparently, President Tinubu does not want to lead ECOWAS to war in Niger Republic. He knows public opinion is decidedly against any war in Niger. But the pressure from the international community particularly U.S. and France is incredible. Even some ECOWAS member-states have become unreasonably hawkish. So, Tinubu is looking for a solution that will not lead to war without losing face”.

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