Nigeria's NNPCL posts 47% drop in revenue, but growth prospects remain strong https://newsbase.com/story/nigeria-s-nnpcl-posts-47-drop-in-revenue-but-growth-prospects-remain-strong-430967?utm_source=dlvr.it&utm_medium=mastodon #Nigeria #NNPCL #RevenueDrop #EconomicGrowth #OilAndGas

⭕ Nike forecasts surprise revenue drop for fiscal 2025, citing competition from upstart brands like On and Hoka.

👟📉 Shares plummet over 12% in after-hours trading.

Analysts anticipated growth, but Nike expects a mid-single-digit percentage decline in annual revenue. Fourth-quarter revenue also fell short of estimates.

#Nike #RevenueDrop #StockMarket