Nigerian trade unions say they will suspend strikes on Saturday and Sunday, so that their leaders can travel to negotiations over the fuel subsidy dispute.
The announcement came as Nigeria entered a fifth day of strikes over the cut of the popular fuel subsidy.
The government scrapped subsidies on petrol imports at the beginning of the year, more than doubling the pump price.
Governor Sanusi Lamido says the situation was fueling corruption.
(SOUNDBITE) (English) CENTRAL BANK GOVERNOR, LAMIDO SANUSI, SAYING:
"You've got a strange convergence of interests between the poor people who feel hurt by the subsidy, and the very rich people who are basically creaming the system, and the government is in the middle."
Thousands of people have taken to the streets across the country to voice their dissent.
Pressure is mounting on President Goodluck Jonathan to reach a deal.
Nigeria's main oil union had previously threatened to shut down output from Africa's biggest crude producer from Sunday.
But industry officials doubt it would stop crude exports completely, as much of production is automated.
Officials say the strikes are costing the Nigerian economy more than 600 million dollars a day.
Worries over Nigerian oil supplies have pushed up global oil prices in the last two days.
Brent crude futures rose to nearly 112 dollars a barrel in early trade.
Nigeria produces more than 2 million barrels of crude oil per day and is a key supplier to United States, Europe and Asia.
Ciara Sutton, Reuters.
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