Surging diesel prices are threatening to choke Nigeria's vast generator economy, as the conflict in the Middle East tightens supplies of both the industrial fuel and the grades of crude oil best suited to produce it, BusinessDay’s findings have revealed.
The price of diesel has climbed to as high as N1,650 per litre in parts of the country since hostilities between Israel and Iran intensified, a level that is inflicting fresh pain on businesses and households already accustomed to the grinding cost of self-generated power.
For a country w
