African Energy Chamber Advocates for Multi-Energy Strategy at Riyadh Symposium, Urges End to Anti-Fossil Fuel Narratives

SATIC

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African Energy Chamber Advocates for Multi-Energy Strategy at Riyadh Symposium, Urges End to Anti-Fossil Fuel Narratives

BusinessFebruary 23, 202537Views 0Likes 0Comments

The African Energy Chamber (AEC), recognized as the voice of Africa’s energy sector, continues to advocate for a multi-energy approach to fuel industrialization and electrification across the continent. With 600 million Africans lacking electricity and 900 million without clean cooking solutions, the AEC stresses that Africa must leverage all available energy resources to address its…

Nigeria Explores Strategic Economic Collaboration with Saudi Fund for Development

Business, InvestmentFebruary 23, 202552Views 0Likes 0Comments

Abuja, Nigeria – In a significant move to strengthen Nigeria’s economic and infrastructure development, Dr. Jumoke Oduwole, Honorable Minister of Industry, Trade, and Investment, participated in a high-level meeting led by the Coordinating Minister of the Economy with the Saudi Fund for Development (SFD). The discussions, held with SFD Managing Director Sultan Abdulrahman Al-Marshad,…

ADES Gets Its First Jack-Up Contract Offshore Nigeria

Business, InvestmentFebruary 23, 202546Views 0Likes 0Comments

Saudi oil and gas drilling contractor ADES Holding has secured a $21.8 million drilling contract with Brittania-U for its Admarine 504 jack-up drilling rig, marking its first entry to the Nigerian offshore oil and gas sector. ADES and Admarine 504’s current client in Saudi Arabia have mutually agreed to suspend the rig’s operation in the country,…

Saudi Arabia Introduces New Riyal Symbol to Strengthen Identity and Economy

Business, Finance, InvestmentFebruary 23, 202545Views 0Likes 0Comments

Riyadh, Saudi Arabia – In a landmark move to enhance the global identity of its currency, the Saudi Central Bank has unveiled a new symbol for the Saudi Riyal (ر.س), following approval from King Salman bin Abdulaziz Al Saud. Inspired by traditional Arabic calligraphy, the new design reflects the nation's cultural heritage while aligning the…

Algeria Signs Partnership Contracts with Saudi Arabia, Mauritania

Business, Finance, InvestmentFebruary 20, 202544Views 0Likes 0Comments

ALGIERS – Various cooperation and partnership contracts were signed on Tuesday, in Algiers, by the Algerian economic operators and their counterparts from Saudi Arabia and Mauritania, so as to export Algerian products to the two countries. The signing ceremony took place at the National Agency for the Promotion of Foreign Trade (Algex), under the supervision of…

Dangote Refinery exports two cargoes of jet fuels to Saudi Arabia

Business, Finance, InvestmentFebruary 20, 202542Views 0Likes 0Comments

The Dangote Petroleum Refinery has recently exported two jet fuel cargoes to Saudi Aramco, the national oil company of Saudi Arabia and the world’s largest oil producer. President of Dangote Group, Aliko Dangote, revealed this on Tuesday during a visit by the Nigerian Economic Summit Group (NESG) team to both Dangote Fertiliser Limited and the Dangote…

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