Category : Search result: 2025 oil earnings slump


Activists oppose Nigeria oil decommissioning commission

Environmental groups in Nigeria are fiercely opposing a new bill that would establish a commission for decommissioning oil and gas installations, warning it could worsen pollution in the Niger Delta region.

OPEC Poised for Major Oil Production Increase

OPEC+ considers significant oil output hike as energy markets face mounting pressure from supply disruptions and geopolitical tensions. Key decisions expected in upcoming meeting.

VFD Group Q3 Earnings Soar to N60.7 Billion

VFD Group's disciplined financial strategy yields impressive results as Q3 2023 gross earnings hit N60.7 billion, showcasing remarkable growth in Nigeria's investment landscape.

Navy dismantles illegal refinery, arrests 7 in Ondo

In a major security operation, the Nigerian Navy has dismantled an illegal refinery and arrested seven individuals across multiple communities in Ondo State, dealing a significant blow to oil theft activities in the region.

Asian Markets Rally on Apple, Amazon Earnings

Asian markets surge following impressive earnings from tech giants Apple and Amazon. Get insights on market trends, currency movements, and economic indicators shaping regional economies.

Apple Beats Earnings Forecasts with Strong Sales

Apple continues to dominate the tech world with better-than-expected earnings, driven by strong iPhone sales and growing services revenue. Discover how the tech giant is beating market predictions.

Samsung Profits Jump 32% in Q1 2024

Samsung Electronics reports impressive 32% profit surge in first quarter 2024, driven by AI boom and memory chip recovery. Find out how the Korean tech titan is beating expectations.

Alphabet Hits $100B Quarter as AI Fuels Record Growth

Alphabet Inc., Google's parent company, has achieved a historic milestone by generating over $100 billion in quarterly revenue for the first time, driven by massive AI integration across its services.

Navy dismantles illegal oil refinery in Ondo

In a major crackdown on oil theft, the Nigerian Navy has raided and completely dismantled a sophisticated illegal refinery operation hidden within Ondo State's riverine communities.

Foreigners Face Court Over ₦12B Oil Theft in Nigeria

Nigeria's anti-graft agency EFCC has arraigned three foreign nationals and a vessel for allegedly stealing crude oil worth ₦12 billion. The shocking case reveals sophisticated oil theft operations in Nigerian maritime territory.

BASF Profit Dips 37%, Demands EU Cut Red Tape

German chemical company BASF reports significant profit drop, calls on European Union to reduce bureaucratic hurdles affecting business competitiveness in latest earnings report.

Equinor's $251M Loss: Nigerian Oil Prices Plunge

Norwegian energy giant Equinor reports staggering $251 million quarterly loss as Nigerian crude prices tumble amid global market volatility. Discover how this impacts Africa's largest oil producer.

Nollywood Film Hits ₦80M Box Office Milestone

Nigerian actor Daniel Etim-Effiong's latest cinematic project smashes box office records, crossing ₦80 million in earnings and setting new standards for Nollywood success.

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