Oritsegbubemi Omatseyin
Lagos — In a defining moment for Africa’s energy future, the Nigerian Midstream and Downstream Petroleum Regulatory Agency, NMDPRA, has unveiled the Gas Trading Licence and Clearing House Authorisation, in collaboration with the Securities and Exchange Commission, SEC.
The development sets a new standard for transparency, efficiency, and market transformation.
The NMDPRA formally presented the Gas Trading License, Clearing House, & Settlement Authorisation to JEX Markets Ltd. The presentation, held at the Transcorp Hilton, Abuja, ushers in a new era for Nigeria’s gas sector.
At the event, the Minister of State for Petroleum Resources (Gas), Hon. Ekperikpe Ekpo, described the development as a new dawn for the industry, noting that the platform signals the emergence of a fully transparent and competitive gas market capable of attracting long-term investments.
The Authority Chief Executive, Engr. Farouk Ahmed, stated that the issuance of this market-enabling license is the result of sustained collaboration between the Authority and industry stakeholders. He reaffirmed that this achievement aligns with the PIA’s core objective of developing the domestic gas sector into a dynamic and globally competitive trading and supply hub.
“The NMDPRA remains committed to fostering innovation, strengthening regulatory frameworks, and promoting sustainable growth across the gas value chain. The presentation of this regulatory instrument reflects our resolve to build a modern, efficient, and investor-friendly gas market for the benefit of the nation, tapping into the regional market and the wider African economy” he said.
