News Africa

Nigeria’s fuel crisis brings businesses to a halt

Fuel shortages that hit parts of Nigeria last week have escalated, bringing several businesses to a halt, including in commercial hub Lagos.

Public transport users were left stranded on Monday as operators pulled services, while some of those who obtained transportation were made to pay higher fares, privately-owned broadcaster Channels Television reported.

Local media reports say motorists are scrambling and queuing for fuel for hours at the petrol stations still operating.

Many stations have closed, citing shortages in supplies from the state-owned oil company, which has seen black market retailers sell oil by up to three times the normal price.

Last Thursday, long queues returned at petrol stations in the capital, Abuja, and the neighbouring Nasarawa and Niger states.

But the state-owned oil company warned against the panic buying of petrol, saying prices would not change and that there was sufficient fuel.

The Nigerian National Petroleum Company (NNPC) said on Thursday in a statement on X, that the limited availability of petrol was a result of logistical problems, which had been fixed.

On Monday, a spokesperson for the company denied reports that it was rationing fuel sold to retailers and that it was prioritising supplies to the capital, Abuja, privately owned The Punch newspaper reported.

Nigeria frequently experiences oil scarcity, despite being one of Africa’s biggest economy and oil producer.

 

Source: bbc.com

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

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