Nigeria is aiming to attract between $30 billion and $50 billion in offshore oil and gas investments by 2030 as it works to revive crude production, increase energy output, and strengthen its position as Africa’s leading energy producer.
Clariant has appointed Gapuma Group, a London-based international commodities and specialty chemicals trading company, as a distributor for its Well Service Additives (WSA) portfolio across Nigeria, Côte d’Ivoire and Ghana.
Nigeria has launched its 2026 oil and gas licensing round, opening commercial bidding for 50 exploration blocks as Africa’s largest oil producer seeks to attract more than $10 billion in new investment and expand production.
West African leaders approved the Nigeria-Morocco Gas Pipeline, a 6,000-kilometre project linking Nigerian gas fields to Morocco and European markets through 13 Atlantic coast countries.
The International Energy Agency (IEA) has unanimously approved Nigeria’s entry as an Association country, strengthening cooperation with Africa’s most populous nation and expanding the IEA Family to represent over 80 per cent of global energy demand.
UK-based Metatek-Group has launched a three-year airborne survey programme in Nigeria, expanding geological mapping across 210,000 square kilometres using advanced geophysical technologies to support energy exploration, mineral development and renewable energy projects.
Themed “Accelerating West Africa’s Sustainable Industrial Revolution for Economic Prosperity,” West Africa IMT 2026 is positioned as a policy-to-project platform focused on converting regional trade opportunities into factory-level investment, resilient value chains and measurable industrial capacity within the next 12–18 months.
A surge in intra-African trade is reshaping West Africa’s industrial outlook. Data from the Nigeria Customs Service shows that Nigeria’s exports to other African markets rose by 14% to ₦4.82 trillion ($3.48 billion), with over 60% flowing into West Africa.
Nigeria has issued permits to 28 companies under its Gas Flare Commercialisation Programme to end routine flaring, cut emissions, and monetise wasted gas. The initiative targets up to $2 billon investment, 3GW power generation, 100,000 jobs, and cleaner energy access.
The NNPC/Heirs Energies OML 17 Joint Venture advanced Nigeria’s gas commercialisation and environmental goals with the signing of Gas Flare Commercialisation Agreements under the Nigerian Gas Flare Commercialisation Programme (NGFCP) and approved Non-NGFCP frameworks.
