• 75 Ships with 2.5 million tonnes of petrol stuck on high seas due to scarce dollars

    75 Ships with 2.5 million tonnes of petrol stuck on high seas due to scarce dollars

    At least 75 ships with two and a half million tonnes of fuel are awaiting importers on the high seas as Nigerians can’t find the dollars they need to pay for the cargoes, according to ship tracking data and fuel traders.

    A Reuters report said some of the vessels arrived a month ago and their frustrated owners have almost given up hope and started to offer their fuel to buyers outside Nigeria.

    A slump in world oil prices has hammered Nigeria’s state […]