• Says Africa must stop relying on foreign price benchmarks
• Set to host second West Africa refined fuel conference
Emmanuel Addeh in Abuja
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) yesterday intensified efforts to establish West Africa as a regional petroleum products pricing and trading hub, arguing that Africa can no longer continue to rely on benchmarks determined outside the continent despite being a major producer of crude oil and natural gas.
The Authority Chief Executive of the NMDPRA, Rabiu Umar, disclosed this yesterday while announcing the second edition of the West Africa Refined Fuel Conference, scheduled to hold in Abuja from August 11 to 12, 2025.
