Nigeria: Iran-Driven Energy Price Increases Showcase Mixed Outlook for the Economy

The average price of gasoline at Nigerian fuel stations rose from around 860 naira per liter to 970 naira per liter ($0.70 per liter or $2.65 per U.S. gallon) in the first few days of March, a close to 13% increase, after the country's Dangote refinery increased the price of its gantry by 100 naira per liter, BusinessDay reported on March 4....