NUT PROTEST : WIKE WARNS AGAINST POLITICISING INSECURITY. (PHOTO).

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 NUT Protest : Wike Warns Against Politicising Insecurity The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has warned against politicising insecurity amid protests by the Nigeria Union of Teachers, FCT wing, over the killing and abduction of school staff and children in Oyo State. Teachers stormed the FCTA Secretariat in Abuja to condemn the killing of Michael Oyedokun and to demand the release of abducted pupils and teachers from Community High School, Ahoro-Esinle in Oriire Local Government Area. The FCT minister addressed the protesters on Tuesday, saying the federal government is on its toes working to secure the rescue of the schoolchildren and their teachers. Wike urged protesters to avoid turning the tragedy into a political issue and to give security efforts time to produce results. Chairman of the union in the FCT, Mr Abdullahi Shafa, explained that the nationwide solidarity protest was to condemn the killing of the teacher and abduction of the school chil...

OANDO SECURES LEASE FOR GUARACARA REFINERY IN TRINIDAD. (PHOTO).


 Oando Secures Lease for Guaracara Refinery in Trinidad


Oando Plc has emerged as the preferred bidder for leasing the Guaracara Refinery in Trinidad and Tobago, outcompeting CRO Consortium and INCA Energy.


Trinidad’s Minister of Energy, Stuart Young, attributed the decision to Oando’s strong financial track record, citing its $1.5 billion acquisition of ConocoPhillips’ assets in Nigeria in 2014.


Young highlighted the financial struggles of Petrotrin, the country’s energy firm, which faced escalating losses from $361.5 million in 2014 to $1.2 billion in 2016, alongside a decline in oil production.


The Cabinet-approved Evaluation Committee, comprising industry experts, shortlisted three companies before selecting Oando Trading DMCC as the preferred bidder.


The government reaffirmed its commitment to protecting Paria Fuel Trading Company’s assets, ensuring fuel supply stability and securing resources during the refinery’s restart.


In January, Oando also secured operatorship of Block KON 13 in Angola, a resource-rich area, further expanding its global energy portfolio.

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