Nigeria aims to move to market-based gas pricing within two years, regulator says

A flame rises from a gas flare at the Dangote oil refinery and fertilizer plant site in the Ibeju Lekki district of Lagos, Nigeria, March 2, 2026. REUTERS/Sodiq Adelakun/File Photo

LAGOS (Reuters) – Nigeria aims to replace regulated domestic gas pricing with a market-driven system within the next one to two years as infrastructure improves and competition deepens, the country’s downstream oil and gas regulator said on Monday.