Asian Markets Rally on Trader Optimism Surge
Major Asian stock markets surged as investor optimism grew over economic recovery prospects. Discover which markets led the gains and what's driving this positive momentum across the region.
Category : Search result: global oil market stability
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.
Abuja Protest: Nigerians Reject Oil Decommissioning Bill
Hundreds of protesters flooded Nigeria's capital demanding immediate withdrawal of the Oil Decommissioning Bill 2024, citing environmental and economic concerns for oil-producing communities.
Oil Company Entry-Level Package Stuns Nigerians
A Nigerian man's revelation of his entry-level compensation package at an oil company has sparked massive reactions online, with many stunned by the attractive benefits.
Sowore: US Military Interventions Create Instability
Nigerian activist Omoyele Sowore cautions against foreign military partnerships, arguing US interventions historically leave countries more unstable than before.
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.
OPEC to Increase Oil Production by 500,000 Barrels Daily
OPEC+ agrees to boost oil output by 500,000 barrels daily starting January 2024, potentially impacting global oil prices and Nigeria's economic outlook.
NAFDAC: Violence Won't Stop Fake Goods Crackdown
NAFDAC remains resolute in fighting substandard products despite recent attacks on officials at Trade Fair Market. Agency promises intensified operations against fake goods.
Military Analyst Reveals Why Nigeria Coup Attempt Failed
A seasoned military analyst exposes the critical flaws in Nigeria's recent coup attempt and explains why the military leadership remains firmly loyal to democracy.
NGX Gains ₦285BN as Market Stages Impressive Comeback
The Nigerian Exchange Limited staged an impressive recovery, adding ₦285 billion in market capitalization as banking and insurance stocks led a bullish charge, reversing previous losses and signaling renewed investor confidence.
Exxon & Chevron Profits Dive as Oil Prices Fall
Major oil giants ExxonMobil and Chevron report significant profit declines as volatile crude prices impact Nigeria's energy sector and global markets.
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.
Tinubu May Change Service Chiefs Amid Coup Plot Reports
President Bola Tinubu reportedly plans major service chiefs overhaul following intelligence about potential coup threats. Security experts weigh in on Nigeria's political stability.
Nigeria: Africa's New Oil Trading Powerhouse Emerges
Nigeria is rapidly transforming into Africa's premier oil trading hub, positioning itself as the continent's next major growth frontier in global energy markets.
Ogoni People Suffer Despite Oil Wealth - MOSOP
MOSOP President reveals how Ogoniland remains impoverished despite massive oil wealth, demanding environmental justice and development from Nigerian government.
Nigeria's Economy Improving, Nearing Stability - IWG
Nigeria's economic outlook shows promising signs of improvement as the Inflation Working Group manager confirms the economy is approaching stability with reduced inflation and strengthened Naira.
Shell Profit Jumps to $7.7B Amid Oil Price Surge
Shell records massive profit jump to $7.7 billion amid rising oil prices, signaling positive trends for Nigeria's oil-dependent economy and energy sector investments.
Nigeria loses N6tr yearly to opaque oil deals - NEITI
Shocking revelations emerge as transparency watchdogs warn Nigeria is bleeding trillions through opaque oil incentives and questionable subsidy payments that lack proper documentation.
Foreigners Face Court Over N12B Oil Theft in Nigeria
Nigeria's anti-graft agency prosecutes five foreigners and their companies for massive crude oil theft in Rivers State, exposing sophisticated illegal bunkering operations.
Foreigners Arraigned Over ₦12B Oil Theft in Lagos
Nigeria's anti-graft agency EFCC has arraigned three foreign nationals before a Lagos court for allegedly stealing crude oil worth ₦12 billion from the country's territorial waters.
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.
Akpabio, EU lawmakers renew regional stability pact
Senate President Godswill Akpabio and European Parliament members reinforce commitment to regional security and democratic governance in high-level talks.
Africa Set to Dominate Global Carbon Trade Market
Presidential aide Ajuri Ngelale reveals Africa's strategic positioning to capture significant share of $3 trillion global carbon market, emphasizing Nigeria's leadership role in climate action and economic transformation.
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.
Asian Markets Join Wall Street's Record Tech Rally
Asian stock markets joined Wall Street's record-breaking rally as technology shares continue their impressive bull run. Discover which markets and tech giants are driving this global surge.
Venezuelan Oil Ships Dodge Drug Boats in Caribbean
Exclusive report reveals how Venezuelan oil tankers navigate through dangerous Caribbean waters filled with drug trafficking vessels while maintaining crucial energy exports.
Nigeria Stock Market Loses ₦90B in Single Day
Nigeria's equity market extends losing streak as investors watch ₦90 billion vanish in Tuesday's trading session. Key stocks plunge amid sustained bearish pressure.
Ribadu Warns Against Violence in Anambra Election
National Security Adviser Nuhu Ribadu delivers strong message to political actors, security agencies, and citizens ahead of crucial Anambra State poll, emphasizing zero tolerance for electoral violence.
Stock Market Boom: Why Records Are Breaking Worldwide
Discover the surprising reasons behind global stock market surges and what it means for Nigeria's economy and investors in 2024.
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