Nigeria, Sept. 25 -- The Executive Director, Strategy and Benchmarks at S&P Global Energy, Joel Hanley, has said Nigeria and the wider West African region have the potential to become a major pricing hub for petroleum products as the region's refining and trading landscape undergoes significant changes.

Mr Hanley made this known on Thursday at the opening of S&P Global's new office at the World Trade Centre Towers in Abuja.

He said the emergence of the Dangote refinery had significantly altered the dynamics of the West African petroleum market.

According to him, West Africa is already an energy hub, but increasing volumes of refined products supplied from Nigeria provide an opportunity for the region to develop benchmarks that better r...