Finance

Abuja, Nigeria – February 2025 – Saudi Arabia has reaffirmed its commitment to financing major infrastructure projects in Nigeria, with a proposal to appoint a designated Nigerian counterpart to enhance project prioritization and communication for seamless execution. This was disclosed by the Chief Executive Officer (CEO) of the Saudi Fund for Development (SFD), Sultan Al-Marshad,…

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…

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…

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…