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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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Lagos Warns Residents Others Against Traffic Diversion

Lagos 


By Favour Ifeoluwa & Akinola Ajibade


Lagos government, yesterday, announced a 2-night traffic diversion from 12:00 midnight till 5:00 am in the state. 

The government, in a statement issued and signed by the Chief Operating Officer, Proctor House Company Limited,Mr Oluwaseun Osiyemi, said that there would be diversion of traffic at  Alaka inward Stadium Flyover Bridge and Ojuelegba Flyover Bridge by the Fire Station.

The statement said the closure begins from Friday 29th to Saturday 30th December, 2023 for the installation of truck barriers.

He said consequently, motorists from Eko Bridge/Constain/Iponri inbound Ojuelegba/Alhaji Masha Road were to make use of the service lane from Alaka via National Stadium gate to link Barracks or Alhaji Masha Road to continue their journeys.

Osiyemi stated that motorists from Eko Bridge via Costain and those from Apapa Road going through Iponri were also advised to make use of Iponri Estate road to link Bode Thomas via Adeniran Ogunsanya to Shitta Roundabout for their desired destinations.

The commissioner added that motorists were implored to be patient as the brief closure of the bridge was planned for night time as part of traffic management strategy to avert further accidents and loss of lives.


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