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 Exchange has postponed the introduction of its revised pricing methodology for equities trading, one day before the new...
Two Nigerian airlines, Air Peace and United Nigeria, have reported combined losses exceeding N2 billion following the disruption of flight...
The Nigerian equities market reversed course on Tuesday, August 11, 2026, ending a four-session winning streak as investors locked in...
The Nigerian equities market ended the week of Friday, 7 August 2026, in positive territory, supported by strong buying interest...
