Monday, 2 March 2015

Long Queues Are Back! Why Fuel Scarcity May Persist In Lagos And Abuja – Markters Reveal

Long Queues Are Back! Why Fuel Scarcity May Persist In Lagos And Abuja – Markters Reveal


   
As feul scarcity looms across Nigeria, investigation has revealed that oil marketers were no longer interested in importing the product mainly because of the rising exchange rate of the dollar to the Naira. 
 
The other factors responsible for the marketers’ action are delayed subsidy payments and rising interests on loans from banks. An official of a major marketing firm, who declined to have his name in print, said, “I am afraid that we cannot continue to import petrol because it costs more now to do so ow... more »

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