Oil markets on edge as Nigeria strikes

A GENERAL strike gripped Nigeria yesterday, posing the first significant test for the country’s new president and putting oil markets on edge over supplies from one of the world’s top crude exporters.

Oil markets on edge as Nigeria strikes

The main labour union decided to go ahead with the strike after the government of President Umaru Yar’Adua, who was only sworn in late last month, refused fully to reverse a 15% hike in the price of petrol.

In the commercial capital, Lagos, streets were free of the rush-hour logjam with barely one-tenth of the normal traffic on the roads, while only a few senior government officials showed up for work in the administrative capital, Abuja.

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