Nigerians lament coronavirus budget crunch as fuel and electricity prices soar
Nigerians lament an increase in prices after the oil-rich nation dumped a controversial petrol subsidy system in the face of a coronavirus budget crunch. Authorities announced an end to the subsidies earlier this year, as falling oil prices robbed Nigeria of a major chunk of its revenues. Increasing the pain for average Nigerians, the government has also almost doubled the cost of electricity from 33 to more than 60 naira per kilowatt. The manager of a printing and embroidery company describes the impact these changes will have on his production.
Fuel-electricity price hike: Civil society groups mobilise for protest on Wednesday
Fuel-electricity price hike: Civil society groups mobilise for a protest on Wednesday
Lagos conducts over 42,000 COVID-19 tests as 177 dies, COVID-19 cases worldwide now 11.34 million and more
Here is why you should pick up a copy of The Guardian on Monday. Find these stories and much more when you grab a copy of The Guardian on the newsstands on Monday.
Nigeria says Tweet begging Elon Musk for ventilators "Unauthorised", Petrol marketers agree to sell fuel for N123 and more
Here is why you should pick up a copy of The Guardian on Friday. Find these stories and much more when you grab a copy of The Guardian on the newsstands on Friday.
How Argentina's fuel price caps could play out for investors
It's Argentinian President Macri versus oil producers. The Argentinian government torpedoes oil drillers by capping fuel prices. Are the country’s natural resources still worthy of investments? Bloomberg's Jonathan Gilbert and David Tawil, the President of Maglan Capital talk with Alix Steel about what's next for Argentina's energy sector and how investors should be positioning themselves.
Lagos: world's largest oil refinery project backed by World Bank
West Africa correspondent Fanny Facsar talks to DW about the world's largest refinery project in Lagos, Nigeria. Behind it is Africa's wealthiest man, Aliko Dangote. But the World Bank is also supporting it - despite pledging to heavily reduce investment in fossil fuel projects.
Mexico: Deadly blaze erupts at illegal fuel pipeline
Some 200 people were at the scene of a pipeline blast that left at least 21 dead. Dozens of Mexican states have experienced fuel shortages since President Lopez Obrador shut down pipelines to curb fuel theft.
Fuel subsidy arrears, bad legacy of PDP, says Senate Leader
Fuel subsidy arrears, bad legacy of PDP, says Senate Leader.