Fuel scarcity: IPMAN says it cannot guarantee regular supply of petrol and more

Fuel shortages in Nigeria have raised the price of gasoline and caused huge queues in cities like the capital Abuja, in a country already grappling with high inflation and a cost of living crisis.

Fitch Ratings says reforms by the Nigerian government has reduced distortions stemming from previous unconventional policies. In a recent rating action, Fitch upgraded Nigeria’s credit rating outlook to positive.

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