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Africa Live: 'Let it rot' campaign plunges fish prices in Egypt - BBC News | |
(32 minutes later) | |
Nigeria's state-owned oil company has warned against panic buying of petrol, saying the prices of fuel were not changing. | |
It follows the return of long queues at petrol stations that persisted on Thursday in the capital Abuja and the neighbouring Nasarawa and Niger states over fuel scarcity. | |
The Nigerian National Petroleum Company (NNPC) in a statement said the limited availability of petrol was a result of logistical problems. | |
However, the company said the challenge had been fixed. | |
It urged Nigerians to avoid panic buying as "there is a sufficiency of products in the countryā€¯. | |
Nigeria, Africa's biggest economy and oil producer, had subsidised fuel for decades to keep pump prices affordable. | |
But President Bola Tinubu removed the subsidies as part of wider reforms to stabilise the economy, pushing prices to triple. | |
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