In collaboration with the Securities and Exchange Commission (SEC), the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has granted JEX Market licenses to create and manage a gas clearing house and settlement authorization platform for trading natural gas and its derivatives in Nigeria.
It was stated that the platform is anticipated to be operational shortly, making it the first of its kind in Africa and positioning Nigeria as the central hub for energy transactions in the region.
With the help of the platform, natural gas commodity trading in Nigeria and Africa can become more efficient, transparent, and speedy. This will contribute to the acceleration of growth in Nigeria’s energy sector toward a mature market.
About The Author
