Nigeria announces fuel price cuts
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Nigeria's government cuts the price of fuel in a bid to avert a planned general strike by the country's biggest unions.
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Nigeria's general strike is set to go ahead on Tuesday despite the government's decision to reduce the price of cooking fuel.
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Nigeria&#39;s main umbrella union has said it will go ahead with a general strike in Africa&#39;s top oil producer on Monday to protest against rising domestic fuel prices.
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A four-day general strike over rising fuel prices has begun in Nigeria, Africa&#39;s largest oil producer. The largest trade union grouping in the country, the Nigerian Labour Congress, said more strikes will
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Oil prices tiptoed lower on Tuesday, marking a fourth day of losses as worries over potential supply shortfalls ahead of winter faded and Nigerian unions called off a strike that could have disrupted exports.
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Oil prices scaled new heights at $53 for  U.S. crude on Thursday on concerns over tight winter heating  fuel supplies and an unexpected strike at Nigerian oil  terminals.
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The Nigerian government agreed to reduce  gasoline pump prices by 8 percent on Monday in the face of  union threats to launch an indefinite general strike over fuel  prices on Tuesday, a leading lawmaker said.
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Global oil prices rise as Venezuela and Nigeria say they are cutting production.
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Oil prices tiptoed lower on Tuesday,  marking a fourth day of losses as worries over potential supply  shortfalls ahead of winter faded and Nigerian unions called off  a strike that could have disrupted exports.
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Lagos - Nigerian unions on Monday suspended a general strike due to start on Tuesday after the government agreed to reduce domestic fuel prices, a union leader said.
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Oil prices plunged by more than $2 a barrel yesterday on hopes that the inauguration of a new president in OPEC member Nigeria would contribute to a stable supply from the Niger Delta region.
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Oil prices fell in light trading yesterday , eased by the end of a Nigerian oil workers' strike over the weekend.
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DRIVERS can look forward to cheaper petrol in the new year, with price cuts expected of up to 10c a litre. Oil ministers of the Organisation of Petroleum Exporting Countries (OPEC) agreed in Cairo on Friday
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OPEC Friday agreed to cut oil production by about 4 percent in an effort to prop up falling prices.
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Nigerian Oil Minister and OPEC President Edmund Daukoru has said that he expects the OPEC oil export group to cut its output quota by at least half a million barrels per day when it meets on December 14.
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A nation-wide strike is under way in Nigeria to protest fuel price increases in the oil-rich west African nation. Reports from Abuja, the Nigerian capital, and Lagos, the country&#39;s commercial cenbter, say
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Oil prices ended above $50 a barrel on  Friday amid concern over possible fighting between rebels and  the military in Nigeria's oil-rich delta region.