Nigeria is teetering on the brink of a fresh fuel scarcity crisis as its debt to petrol traders soars past $6 billion, following a significant rise in its subsidy payments, which have reportedly doubled since early April. According to a Reuters report, the Nigerian National Petroleum Corporation (NNPC) is struggling to balance fixed domestic pump [...]The post Fuel Subsidy: Fresh Fuel Scarcity Looms As Nigeria’s Growing Debt to Petrol Traders Reportedly Surpasses $6bn appeared first on Tekedia.
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