The bustling streets of Lagos have come to a near standstill as a severe fuel shortage continues to grip the city. From Ejigbo to Surulere, residents are facing long queues and empty petrol stations, exacerbating the daily struggles of millions. “I drove for hours and couldn’t find a single station selling petrol,” said Chinedu Okeke, Read More…
Tag: black market
Nigeria naira at record black market low despite successful Eurobond sale
ABUJA, Sept 27 (Reuters) – The Nigerian naira hit a record low of 573 against the dollar on the black market on Monday, shrugging off news of the country’s Eurobond sale, meant to boost its currency reserves, traders said, weighed by a recent clampdown on retail forex operators. The West African country sold $4 billion Read More…