Lagos (Platts)–2Mar2015/519 am EST/1019 GMT A fresh round of gasoline shortages has hit Nigeria as fuel importers drastically cut imports following the government’s delay in settle over Naira 264 billion ($1.41 billion) on debts owed on subsidies for previous imports. Moreover, Nigerian businesses, hard hit by the fuel shortage, Monday restated their demand that the government completely abolish subsidies on imported fuel, saying it would avoid recurring shortages and free up resources. Motorists formed long queues at gas stations in major cities including the federal capital Abuja and the commercial capital of Lagos, which marketers blamed on low fuel stocks. “Most marketers have run out of stocks over the last two weeks because of the drop in imports,” Femi Lawore, spokesman for the main oil marketers group, told Platts. “We have warned the government before about the danger of continuing to delay the outstanding claims on subsidies totaling N264 […]