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Expert Demands Complete Government Exit from Nigeria’s Oil Sector!

Kelvin Emmanuel, CEO of Dairy Hills and energy sector analyst, has proposed that the Nigerian government should divest from refinery operations and transfer management to private enterprises. In an ARISE NEWS interview, Emmanuel suggested the government should divest its refining assets and redirect its focus toward upstream oil production activities. Regarding oil production targets, Emmanuel assessed that the government's 2025 goal of 2 million barrels per day may be unrealistic, projecting actual production to reach between 1.7 and 1.75 million barrels daily. Emmanuel emphasized that the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) should prioritize increasing crude oil output to meet domestic refining requirements before approving export permits. This approach would ensure adequate supply to local refineries, which have a combined capacity of 864,500 barrels per day. The energy expert outlined a vision for Nigeria to transition from importing petroleum products […]

Peter Atitebi January 3, 2025

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Japan’s $15B American Steel Dream Just Got Crushed

President Biden announced Friday his decision to block Nippon Steel's $15 billion acquisition of U.S. Steel, concluding a year of deliberations that intersected with election-year dynamics. The decision followed a Treasury Department security review that reached no consensus and escalated the matter to presidential determination in December. The President emphasized national security concerns, stating that domestic steel production and workers are vital for American strength and security. U.S. Steel, established in 1901, has faced a significant decline from its World War II peak of 340,000 workers to approximately 11,000 today. The company's stock value has remained relatively stagnant since the 1990s, challenged by cheaper Asian steel production. Following Biden's announcement, the company's stock dropped 8% in pre-market trading. U.S. Steel defended the proposed deal, arguing it would strengthen national security through manufacturing investment and help counter Chinese competition. The company […]

Peter Atitebi January 3, 2025

12 Lives Lost in Montenegro As Restaurant Argument Turns Deadly
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12 Lives Lost in Montenegro As Restaurant Argument Turns Deadly

Twelve people, including two children, were killed in a shooting incident in southern Montenegro's Cetinje area on Wednesday, according to police reports. The incident began at 17:30 local time when Aleksandar Martinoviฤ‡, 45, opened fire in a restaurant following a verbal disagreement between patrons. The victims included members of Martinoviฤ‡'s family, the restaurant owner, and the owner's two children, aged 10 and 13. After the initial restaurant shooting, Martinoviฤ‡ continued his attack at other locations. Four people were seriously wounded and transported to hospital for treatment. Police confirmed that Martinoviฤ‡, who had been heavily intoxicated before the incident, later took his own life after being surrounded by law enforcement who requested he surrender his weapon. He died en route to the hospital. Prime Minister Milojko Spajic announced three days of national mourning starting Thursday, stating the incident had "shrouded our […]

Ayoola Atitebi January 2, 2025

BYD's Electric Vehicle Sales Surge as Global Competition Intensifies
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Technology

BYD’s Electric Vehicle Sales Surge as Global Competition Intensifies

Chinese automaker BYD reported strong electric vehicle (EV) sales for December 2023, delivering 207,734 EVs and reaching 1.76 million units for the year, fueled by consumer incentives and competitive pricing strategies. Tesla's quarterly sales figures are anticipated today, following a period where the American manufacturer maintained a narrow lead over BYD in EV sales. The Shenzhen-based company has been steadily closing this gap. BYD's total vehicle sales grew by 41% year-over-year in 2023, primarily driven by hybrid vehicle demand. The company benefited from increased domestic sales in China, where market competition reduced prices while government incentives encouraged consumers to transition to more efficient vehicles. With 90% of its sales concentrated in China, BYD has strengthened its position against international brands like Volkswagen and Toyota in the Chinese market. As Chinese EV manufacturers expand, traditional automakers face challenges in Western markets. […]

Ayoola Atitebi January 2, 2025

Van Gerwen Edges Rydz in Quarter-Final Thriller, Dobey Upsets Price
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Van Gerwen Edges Rydz in Quarter-Final Thriller, Dobey Upsets Price

Three-time PDC World Championship winner Michael van Gerwen advanced to the semi-finals after defeating unseeded Callan Rydz in an exceptional 5-3 match at Alexandra Palace. The third-seeded Dutchman, whose last world title came in 2019, will face Chris Dobey in the semi-finals following an impressive performance that featured a 103.1 average. The quarter-final showcased remarkable scoring from both players, with Rydz hitting 17 180s throughout the contest. The match remained close as Rydz twice leveled after Van Gerwen took the lead, before falling behind 4-2 and briefly rallying back. Despite Rydz's higher average of 103.88 and 46.15% success rate on doubles, Van Gerwen's 44.74% checkout percentage proved sufficient for victory. The quality of play peaked from the fifth set onward, with both players maintaining averages above 103.59. Van Gerwen even lost the seventh set despite an outstanding 111.67 average. "To […]

Ayoola Atitebi January 1, 2025

Five Deaths and Multiple Injuries Mark Germany's New Year's Fireworks Incidents
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Five Deaths and Multiple Injuries Mark Germany’s New Year’s Fireworks Incidents

Germany's New Year's Eve celebrations were marked by tragedy as five people died and numerous emergency workers were injured in fireworks-related incidents across the country. Two deaths occurred in Saxony, including a 45-year-old man who died while handling what was described as a "firework bomb." In Berlin, firefighters responded to 1,892 incidents, an increase of 294 from the previous year, with over 1,500 emergency personnel on duty. The capital city reported 13 attacks on emergency workers, and police detained 330 people. One police officer was severely injured by a suspected illegal firework and required surgery. Munich experienced particularly serious injuries, including three children aged two, eleven, and fourteen. The younger children suffered burns, while the teenager lost parts of his hand to a firecracker. The city also saw a major apartment fire caused by a stray firework that spread from […]

Ayoola Atitebi January 1, 2025

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Conflict

Shocking Discovery: Man Found Dead in Quiet Irish Town Leads to Murder Probe

Gardaรญ have initiated a murder investigation following the death of 58-year-old John O'Connor in New Ross, County Wexford. The incident occurred at a residence in Cluain Fada on Tuesday, with authorities responding to the scene shortly after 11:00 local time. Emergency services pronounced Mr. O'Connor dead at the location. Following a post-mortem examination conducted Wednesday, investigators confirmed they are treating the death as murder. The postmortem findings remain confidential due to operational considerations. Law enforcement made two arrests on Tuesday in connection with the incident. While one suspect, a man in his 30s, remains in custody, authorities have released the second individual without charges. The Garda Technical Bureau continues its forensic examination of the scene. Investigators are seeking public assistance and have requested that anyone with witness information or camera footage contact the Gardaรญ.

Peter Atitebi January 1, 2025

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Moldova Confronts Energy Challenges as Russian Gas Transit Ends

The flow of Russian gas through Ukraine ceased on January 1st following Kyiv's decision not to extend its transit agreement with Gazprom. This development has created significant challenges for Moldova, particularly in its eastern region of Transnistria. Transnistria, a separatist region that separated from Moldova during the Soviet Union's collapse, has historically relied on Russian gas without payment. The region now faces immediate energy concerns, with heating limited to hospitals and essential infrastructure. Local authorities have established heating points and emergency hotlines for firewood assistance. The situation affects Moldova's broader energy security. The Kurchugan power plant in Transnistria, which provides 80% of Moldova's electricity, has switched to coal operations with only 50 days of supplies remaining. While the Moldovan government claims it has secured gas reserves until spring and plans to purchase electricity from Europe, these alternatives come with substantially […]

Peter Atitebi January 1, 2025

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Final Moments of South Korea’s Deadliest Aviation Disaster Caught on Black Box

The transport ministry reports that South Korean investigators have recovered data from one of two black boxes retrieved from Sunday's Jeju Air crash. While the cockpit voice recorder data awaits conversion to audio format, a missing connector has hampered access to the flight data recorder. The crash, which resulted in 179 fatalities, stands as South Korea's deadliest aviation accident. Deputy Minister for Civil Aviation Joo Jong-wan confirmed that US National Transportation Safety Board officials have joined the investigation of the Boeing 737-800 incident. The aircraft, operating as flight 7C2216 from Bangkok, crash-landed at Muan International Airport, colliding with a wall beyond the runway before catching fire. Two crew members survived the incident. Investigators are examining multiple potential factors, including the possibility of a bird strike and weather conditions. The passengers included two Thai nationals and predominantly South Korean citizens, with […]

Peter Atitebi January 1, 2025

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Conflict

New Orleans Attack Suspect Identified by Law Enforcement

Law enforcement officials have preliminary identified Shamsud Din Jabbar, 42, as the suspect in a deadly incident on Bourbon Street, according to four senior law enforcement officials familiar with the investigation. The attack occurred around 3:15 a.m. when a pickup truck was driven into crowds celebrating New Year's, authorities reported. New Orleans Police Department Superintendent Anne Kirkpatrick confirmed that ten people lost their lives and at least 35 others sustained injuries. Din Jabbar, who authorities confirmed is deceased, is being investigated by federal officials and local law enforcement. Investigators are exploring whether the suspect used a long-gun rifle to fire into the crowd during the vehicle incident, according to three senior law enforcement officials briefed on the case. Law enforcement teams are currently working to uncover more details about Din Jabbar's background and potential travel history. Representative Steve Scalise, R-La., […]

Peter Atitebi January 1, 2025

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