Saudi Arabia’s majority-owned state-owned firm, Saudi Aramco, is paying shareholders $19.5 billion in dividends in the second quarter of 2023, an amount higher than the size of Nigeria’s 2023 budget, indicating how a well-run oil company can provide a dollar supply to an economy.
This is even
```
Members Only
Login or create an account to continue
This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.
New to BusinessDay? Register now and start reading.
```
Oladehinde Oladipo
Dipo Oladehinde is a skilled energy analyst with experience across Nigeria's energy sector alongside relevant know-how about Nigeria’s macro economy.
He provides a blend of market intelligence, financial analysis, industry insight, micro and macro-level analysis of a wide range of local and international issues as well as informed technical rudiments for policy-making and private directions.
