The federal government has launched an online gas trading platform, the Gas Trading Licence, Clearing House, and Settlement Authorization, marking a “new dawn” for Nigeria’s gas industry.
Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, said the platform will drive transparency, competition, and investment in the sector, aligning with President Bola Tinubu’s “Renewed Hope Agenda”.
The platform, a collaboration between the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and JEX Markets Limited, enables smooth gas trading, transparent pricing, and secure payments.
Ekpo emphasized that Nigeria’s vast gas reserves need an efficient, regulated market to reach their potential, and the licence ensures reliable traders, safe business, and investor protection.
NMDPRA CEO Farouk Ahmed said the licence is a step toward making Nigeria a gas trading hub, with a focus on building liquidity, transparent pricing, and regional integration.
The Authority will provide a “firm, transparent, and technology-enabled regulatory framework” for JEX to succeed, working with regulators like SEC to meet global standards.
