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Lagos Exchange Gets Petroleum Futures Licence

Lagos Commodities Exchange receives NMDPRA licence targeting transparent petroleum pricing

Unverified — auto-generated summary, not yet reviewedFintech & PaymentsNigeriaOct 18, 2026

The Lagos Commodities and Futures Exchange has received an NMDPRA licence with an aim to introduce transparent petroleum pricing through a formal futures market. The licence adds market infrastructure relevant to commodity fintech operators in Nigeria's energy sector.

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