Tag: Scarcity

Fuel Scarcity Fraud: Major Marketers Connection

Motoring World International012 mins

By: FRANK BOYEDE Outside Abuja and Lagos, Nigerian motorists are now at the mercy of independent petroleum marketers. Motorists pay for fuel through their noses. Queues seem to have disappeared. But as soon as an NNPC station discharges fuel, queues appear, sometimes longer than a kilometre. [dropcap]O[/dropcap]utside Lagos and Abuja, while the likes of Mobil,…

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Nigeria Auto Industry Groans Under Forex Scarcity

Motoring World International05 mins

…Stakeholders Call for FG Intervention [dropcap]C[/dropcap]urrent scarcity of foreign exchange (FOREX) is taking heavy toll on Nigeria’s fledgling automobile industry, as auto assemblers are starved of foreign currency with which to procure KD kits they require for operations. As Motoring World gathered over the weekend, capacity utilization of affected plants might have dropped badly due…

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