Nigeria: Government to cut fuel prices

Nigeria's president has announced that the government will subsidise fuel prices to immediately reduce the price to about $2.75 a gallon, amid a crippling nationwide strike over fuel prices in Africa's most populous country. Protests have seen tens of thousands march in cities across the nation. Soldiers barricaded the country's commercial capital of Lagos and the entrances to protest venues in the second-largest city of Kano. Jonathan's speech comes after his attempt to negotiate with labour unions failed late on Sunday night to avert the strike entering a sixth day.