Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Commodities

Nigeria Develops Domestic Crude Oil Gas Swap Arrangement

Guavy AI Editorial Team
Instruments
Oil
Share

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is working on introducing a domestic crude oil and gas swap arrangement to reduce costs and improve petroleum product availability in the country. According to NUPRC CEO Oritsemeyiwa Eyesan, the new arrangement will be coordinated with the Gas Aggregation Company Nigeria (GACN) Limited.

The NUPRC aims to refine the Domestic Crude Supply Obligation (DCSO) framework to improve transparency and efficiency. In June 2023, the Nigerian National Petroleum Company (NNPC) Limited began terminating crude oil swap contracts and paying cash for petrol imports after removing petrol subsidies in May 2023.

More on Commodities

Commodities 9m ago

Wheat and Soybean Markets Rise on Technical and Fund Buying

Commodities 10m ago

India's Gold and Silver Prices Continue to Vary Across Cities

Commodities 10m ago

Copper Surge Driven by Supply Chain Disruptions, Not Economic Growth

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Guavy Logo GUAVY

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy