ABUJA, March 18 (Reuters) - Nigeria will lower
government-capped gasoline pump prices to 130 naira per litre,
from 145 naira, four sources told Reuters on Wednesday.
State oil company NNPC imports nearly all the gasoline in
Nigeria, Africa's largest economy, because of price caps that
mean marketers would lose money if they imported themselves.
President Muhammadu Buhari approved the lower price during a
cabinet meeting. The government did not immediately give a
reason for the decision, though benchmark crude prices have
tumbled in the face of the coronavirus pandemic.