Yemisi Izuora/Agency Report The tail of AirAsia Flight 8501 has been found in the Java Sea, the head of Indonesia’s search and rescue agency said Wednesday. “The tail has been found,” Bambang Soelistyo, chief of the rescue agency, known as BASARNAS, told reporters at a news conference, adding that tail numbers were visible on wreckage. Finding the tail is significant because it may contain the plane’s voice and data recorders, or black boxes. Soelistyo said no black boxes have yet been found. The announcement comes after the USS Fort Worth, a littoral combat ship assisting with the search for the…
Author: orientalnewsng
By Yemisi Izuora-Lagos Total today announced that it has completed the flare out of the Ofon field on Oil Mining Lease 102, offshore Nigeria. The company said that associated gas from the field is now being compressed, evacuated to shore and monetized via LNG exports. The field is located some 40 miles from the Nigerian coast in water depths of 130 feet. It began production in 1997 and is currently producing 25,000 barrels of oil equivalent per day. Total said the completion of the flare out will allow for the gradual increase of production towards its 90,000 barrels of oil…
Ijeoma Agudosi/Agency Report Crude oil price has seen a free fall in the global market as it dropped below $50 per barrel in the United States of America on Monday – a new five-and-a-half-year low, following a glut that has seen supply rising far above demand. US benchmark West Texas Intermediate for February delivery, in free fall since June, ended at $50.04 a barrel, down $2.65 or five per cent. The contract got as low as $49.95 a barrel earlier in the session, its lowest level since May 1, 2009. According to AFP, European benchmark Brent oil for February delivery…
By Yemisi Izuora-Lagos At last Nigerian communities affected by oil spill caused Oil giant Shell will receive $83.5 million. The spill affected some fishing communities in the spill described as the worst oil spill ever suffered in Nigeria. The agreement reportedly reached today (Wednesday) brings to an end a three-year legal battle in Britain over two spills in 2008 that destroyed thousands of hectares (acres) of mangroves and the fish and shellfish that sustained villagers of the Bodo community in Nigeria’s southern Niger Delta. It “is thought to be one of the largest payouts to an entire community following environmental…
Source-Punch Peak power generation fell by 742.9 megawatts in the last one week to 3,646.8MW on January 4, 2015, down from 4,389.7MW recorded on December 29, 2014. The quantum of electricity available for distribution to various classes of consumers as of December 29, 2014 was 4,112.29MW out of the 4,389.7MW generated, but this fell by 697.08MW to 3,415.21MW on January 4, 2015, according to figures obtained by our correspondent from the Federal Ministry of Power on Monday. This is coming as analysts at First Bank of Nigeria Capital Research are predicting that adequate supply of electricity to industries will increase…
Yemisi Izuora/Ijeoma Agudosi-Lagos The Lagos State House of Assembly Tuesday passed the N489.69bn 2015 budget presented to it by the state governor, Babatunde Fashola. Lagos state House of Assembly speaker, Adeyemi Ikuforiji,however complained that the passage of the budget came late because some ministries and government agencies (MDA’s) could not appear before the appropriation committee to defend their budgetary allocations. He said, “We would have passed this budget before the end of December last year, but for the failure of some ministries and government agencies to appear before the appropriation committee to defend their budgetary allocations. “In spite of this…
Yemisi Izuora The Nigerian Civil Aviation Authority (NCAA) has cited safety consideration as major reason for flight cancelation. According to the agency, the spate of flight cancellations and delays being experienced by passengers at the nations’ airports are attributable to adverse weather conditions and therefore advised passengers to show understanding and exercise caution when airlines are rescheduling and cancelling flights. ‘The Airline Operators are strictly adhering to the regulatory guidelines enshrined by the Authority to conduct airline operations in Nigeria in the interest of safety Sam Adurogboye deputy general manager (DGM PR) public relations warned in a statement made available…
Yemisi Izuora-Lagos The Federal Airports Authority of Nigeria has asked intending air travellers to visit the Aviation Passenger Service Portal as a first step in planning their journeys, especially in this harmattan season explaining that they will obtain accurate information on flight details following flight delays and cancellations due to bad weather. The APS portal launched last month by the Minister of Aviation, Osita Chidoka is designed as a one-stop platform where the flying public can access real time information about airlines operations and services at any of the airports in Nigeria. According to Yakubu Dati GM, Corporate Communications, FAAN…
Yemisi Izuora Alhaji Aliko Dangote has expressed commitment to invest about $9 billion on agriculture and plans to cultivate and develop farmlands and food processing factory in Kebbi state. The state governor, Usman Saidu Dakingari commenting on the development said that for such investment to take place the government has to provide enabling environment as incentive to prospective investors who wish to take advantage of the huge agriculture potential of the state. Dakingari said it was to encourage investment in the agro-allied potential of the state that prompted his administration to build the Sir Ahmadu Bello International Airport…
Yemisi Izuora The Director –General of Sir Ahmadu Bello International Airport, Birin Kebbi, Alhaji Abubakar Umar Darkingari has explained that the state government decided to construct an airport with the view to boost the export of farm produce, enhance socio-economic development and prepare the state for foreign investment. Presently the state exports farm produce like onions, maize and rice to North African countries, Asia and also to the local markets in Lagos, Kano, South East and south, South as the largest onion and rice producer in the country. But because the state lacks its own airport before now, its farmers,…