Nigeria labor says no agreement to end fuel strike

By the Associated Press | January 14, 2012 | 5:38 PM EST

Men grind pepper at a market in Obalende Lagos, Nigeria, Saturday, Jan. 14, 2012. Nigeria's government will meet with labor unions in a last bid to halt a paralyzing national strike that now threatens oil production in Africa's most populous nation. (AP Photo/Sunday Alamba)

LAGOS, Nigeria (AP) — The leader of a Nigerian labor union says it failed to reach a compromise with the government to end a paralyzing strike over fuel costs.

Nigeria Labor Congress president Abdulwaheed Omar told journalists outside the presidential palace: "We have not reached a compromise."

That means a midnight strike looms for oil production in Africa's most populous nation.

If production is halted, it could cause oil futures to rise, potentially costing U.S. drivers an additional $36 million a day at the pumps.

Tens of thousands of people have taken to the streets across Nigeria to protest the government ending the subsidy Jan. 1.