With petrol scarce and his fuel tank on red, taxi driver Victor Ovundah queued overnight at a gas station in Port Harcourt, Nigeria and by morning was getting close to filling up when sales suddenly stopped.

When the privatised national oil company revealed that it was faced with serious financial constrictions, even to the undiscerning mind, the grim consequences

Nigeria's state-owned oil firm NNPC Ltd said on Saturday it will not be the sole buyer of gasoline from Dangote refinery but would step in if the facility sold above pump prices. CONTEXT The 650,000 barrel-per-day capacity Dangote refinery started producing gasoline earlier this week,

Nigeria is considering allowing billionaire Aliko Dangote’s refinery to set the price of the gasoline it sells, people with knowledge of the matter said, a move that’s poised to refashion the government’s control over what customers pay for fuel.