Saudi Arabia’s majority-owned state-owned firm, Saudi Aramco, is paying shareholders $75 billion in dividend, an amount twice the size of Nigeria’s 2021 budget, indicating how a well-run oil company can provide a lifeline to an economy. This is even remarkable considering that the company’s profit fell by 44 percent in 2020 following the COVID-19 pandemic as reported.
Extracted from Business day
The Nigerian stock market sustained its positive trajectory last week, buoyed by increased portfolio repositioning and renewed investor confidence. The...
The Securities and Exchange Commission (SEC) has cautioned Nigerians against conducting any transactions with Marino FX Limited, highlighting that the...
The Nigerian Exchange (NGX) commenced the week on a bearish note, with the All-Share Index (ASI) declining by 0.74% on...
The Nigerian government has approved the long-awaited sale of ExxonMobil's onshore assets to Seplat Energy, finalizing a $1.28 billion deal...
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