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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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Germany's President President, Steinmeier Visit Nigeria

By Favour Ifeoluwa& Akinola Ajibade 
Germany's President, Steinmeier 



The German President,Frank Steinmeir, yesterday, 
arrived Nigeria for a three-day official visit.
Steinmeier tuched down on the night at the Presidential Wing of the Nnamdi Azikiwe Airport, Abuja, where he was was welcomed by Federal Capital Territory (FCT) Minister, Nyesom Wike. 
His visit aims to underline the strength of Nigeria-Germany relations and to mark Germany’s appreciation of Nigeria. 
Steinmeier, during his visit, is expected to meet with President Bola Tinubu, as well as with the President of the Commission of Economic Community of West African States (ECOWAS), Dr. Alieu Omar Touray. 
He will then proceed to Lagos, where he will engage with business representatives, visit a start-up hub and meet with members of Nigeria’s culture sector and civil society. 
 A statement by the German embassy in Nigeria said: “Following the visit of German Chancellor Olaf Scholz to Nigeria in October 2023 and the visit of the President of the Federal Republic of Nigeria, His Excellency Bola Ahmed Tinubu, to Germany in November 2023, President Steinmeier’s visit is the third exchange between both countries on the level of head of state or government since President Tinubu’s inauguration.
“This high frequency of visits is proof of the close relations between both countries and the serious interest of Germany in Nigeria. It is also evidence of a willingness to work together as strategic partners – an obvious fit, as both countries share striking commonalities, including being the strongest economy and the most populous country on their respective continents.”
The statement revealed that: “President Steinmeier will be accompanied by a business delegation of CEOs and high-ranking board members of some of Germany’s most successful companies in the fields of IT, high- tech and energy – an indication of the rising interest of German businesses in opportunities to invest in Nigeria.”
The German President will further meet with Dr. Nike Okundaye, popularly known as Mama Nike, of the Nike Art Gallery, and the legendary author and Nobel Laureate for Literature, Prof. Wole Soyinka, among other important Nigerian personalities. President, Frank&Water Stainmeimer 

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