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Tag: saudi arabia

With Massive Oil Windfall, Saudi Arabia Pours $7.5bn Into US Stocks

Organisation of the Petroleum Exporting Countries (OPEC)
A top member of the Organisation of Petroleum Exporting Countries (OPEC) Saudi Arabia, has through its Sovereign Wealth Fund (SWF) invested $7.5 billion in blue-chip American companies on the backRead More

Oil Price Surge: As NNPC Falters, Saudi Aramco’s Q1 Profit Jumps 82% To $40bn

Nigerian National Petroleum Corporation (NNPC)
As the Nigerian National Petroleum Corporation (NNPC) continues to default in its contribution to the federation account, Saudi Aramco, owned by the Saudi Arabian government yesterday posted an 82-per centRead More

Saudi Arabia Executes 81 Persons In One Day For ‘Terror Offences’

Public execution
Saudi Arabia said Saturday it executed 81 people in one day on a variety of terrorism-related offences, exceeding the total number of executions in the kingdom in the whole ofRead More

NAHCON Urges Saudi Arabia To Lift Travel Ban On Nigeria

National Hajj Commission of Nigeria (NAHCON)
The Federal Government has called on Saudi Arabia to lift its travel ban on Nigeria. Specifically, the National Hajj Commission of Nigeria (NAHCON) pressed Saudi Arabia to lift the restrictionsRead More

Buhari Prays For Improved Security, Recovery For Nigeria’s Economy In Saudi Mosque

President Muhammadu Buhari
President Muhammadu Buhari has had a stopover at Madinah in Saudi Arabia, where he and his entourage prayed for Nigeria. Among the things prayed for are the recovery of Nigeria’sRead More

OPEC+ May Stick To Planned Output Hike On Oil Price Rebound

Organisation of the Petroleum Exporting Countries (OPEC)
The Organisation of Petroleum Exporting Countries (OPEC) and its allies are expected to press on with their planned revival of oil production when they meet next week, as prices bounceRead More

Saudi Arabia To Allow 1,000 Pilgrims Perform Hajj

Muslim pilgrims at the Kaaba
Saudi Arabia will allow around 1,000 pilgrims residing in the kingdom to perform the hajj this year, a minister said Tuesday, after it announced the ritual would be scaled backRead More