The government increased petrol prices by 67 percent to 145 naira in 2016 to cut subsidies paid for fuel imports after a plunge in oil prices hit state revenues, caused dollar shortages and halted infrastructure projects with firms laying off tens of thousands of workers. (cnbc.com)
Maduro says the Petro will have a «great impact» on how Venezuela accesses foreign currencies and obtains goods and services from around the world — a reference to the country's dollar shortage as a result of sanctions imposed by the U.S.. (fortune.com)
Nigeria has suffered from dollar shortages and falling commodity prices that have affected Africa's major crude exporters. (nigeriapoliticsonline.com)