ABUJA: Nigeria has been hit by a fresh round of fuel shortages after the country’s main fuel marketers were denied credit facilities by banks, and as a result have had to delay placing orders for clean cargoes of gasoline under the government’s fourth-quarter import program, marketers said the other day.
Sources said these shortages have risen as the payment of Naira 413 billion ($2.1 billion) to domestic fuel marketers in outstanding subsidy claims for gasoline imports have still not been approved by the central bank.
Singapore, Nigeria trade volume hits N846b
SINGAPORE: The trade volume between Nigeria and Singapore reached N846bn from 2011 to 2015, while the absolute balance of trade...
