Nigeria government agrees to pay outstanding subsidy on oil products: trade body

Wed Jul 8, 2015/Reuters

The Nigerian government agreed on Wednesday to pay outstanding subsidy related debt to oil product importers, a trade body spokesman said.

Nigeria subsidises gasoline and must import the bulk of the 40 million liters a day that it consumes owing to a neglected refining system.

Fuel importers said they were owed money by the government and in May shut depots to press their case.

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