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The Federal Government has unveiled the gazetted Nigerian Ports Economic Regulatory Agency Act 2026, directing the immediate constitution of a committee to transition the Nigerian Shippers' Council into an independent regulator of port tariffs, competition and service standards.

Brent eased about 0.5 per cent to roughly $105.30 but was set for a weekly gain as Middle East shipping risk, Hurricane Isaias shut-ins and pressure for a 100 million barrel IEA reserve release kept the market unsettled.

The one-month trade shift followed the Dangote refinery's production ramp-up, but it does not establish that petrol imports have ended permanently.