Dangote refinery spurs West Africa fuel trading hub ambitions

West African energy regulators are stepping up plans for a regional fuel pricing benchmark and ​trading hub, betting that a wave of new refining ‌capacity led by Nigeria's Dangote refinery can give Africa a greater role in fuel price discovery and trade, Nigeria's regulator said on Tuesday.

NMDPRA advocates for West Africa to establish its own regional fuel price benchmark, independent of European crises, to reflect local market realities.

— S&P Global urges market participation By Obas Esiedesa, Abuja The Federal Government has backed the establishment of a regional petrol pricing benchmark for West Africa, saying the initiative would strengthen energy security, deepen cross-border trade and enable the region to determine the value of its refined petrol