Nigeria has launched a digital platform for gas trading aimed at boosting transparency and attracting top-tier investors, according to the Nigerian National Petroleum Corporation (NNPC). The move is expected to streamline transactions in the country’s energy sector and enhance market efficiency, industry experts told Bloomberg.
The digitalisation initiative comes as Nigeria seeks to strengthen its position as a leading energy supplier in Africa, with the platform enabling real-time price discovery and improved contract management, as reported by Reuters. Analysts say the upgrade could catalyse private sector participation in gas projects and improve investor confidence in Nigeria’s energy market.
Officials noted that the platform is part of broader reforms to modernize the downstream and midstream sectors, complementing ongoing efforts to increase local content and drive economic growth.
