Snaking queues have been spreading across Nigeria’s petrol stations after the new president Bola Tinubu announced the end of fuel subsidies on Monday. As panic buyers try to fill up their deposits amid fear of fuel shortages, we hear about the impact this is having on businesses.
Yesterday
US steps up to save the Argentine Peso
The US has purchased Argentine pesos, taking the next step in a controversial effort to calm a currency crisis hitting the South American country and its president, Trump ally Javier Milei. In the US though, it's a different story – farmers, especially soybean farmers, have lost ... Show More
8m 56s
Jun 2023
Angola: Subida dos combustíveis "trará grandes pressões"
Os combustíveis estão mais caros em Angola após a retirada dos subsídios pelo Governo. Uma medida "acertada", mas "abrupta", segundo o economista Nataniel Fernandes, que prevê "grandes pressões inflacionárias".Os preços dos combustíveis aumentaram a partir da meia-noite desta sex ... Show More
3m 17s
Oct 2023
The rising price of fuel in Nigeria
In May this year, Nigerian president Bola Tinubu took office – and announced an end to fuel subsidies. He said the move would free up money for investment in public services and infrastructure projects, but it caused a spike in prices and, in some cases, triggered street protests ... Show More
10m 22s
Feb 2023
Nigeria Is In Turmoil. Can A New President Fix It?
As Nigerians decide on a new president, the country’s economy is reeling. Nigeria’s public debt is growing, inflation is soaring, and half of adults can’t find steady work. People wait in line for hours at gas stations to fill their cars and light their homes with generators beca ... Show More
25m 6s
May 2022
Africa in the grip of a fuel crisis
The fuel prices emergency is hitting households across the continent, from Egypt to Tanzania, Uganda to Nigeria and South Africa. The airline industry has also been affected. So what can governments do?Also, in Somalia, dozens of candidates have registered for the presidential ra ... Show More
26m 49s