Nigeria fuel shortage hurting business there

Global Business

The economy of Africa’s biggest crude oil producer is grinding to a halt, ironically due to a lack of fuel. Lagos, the Nigerian capital, is normally clogged with traffic, but has recently been seeing a noticeable drop in the amount of cars on the streets. Banks, telecommunication firms and airlines in Nigeria are all being hit hard as well. CCTV’s Deji Badmus filed this report from Lagos.

Nigeria fuel shortage hurting business there

Nigeria fuel shortage hurting business there

The economy of Africa's biggest crude oil producer is grinding to a halt, ironically due to a lack of fuel. Lagos, the Nigerian capital, is normally clogged with traffic, but has recently been seeing a noticeable drop in the amount of cars on the streets. Banks, telecommunication firms and airlines in Nigeria are all being hit hard as well.