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.
Drydocks World has completed the full conversion and integration of the EMEM Floating Production Storage and Offloading (FPSO) vessel, delivering a key offshore asset to support production at Nigeria’s Okwok field and advance the country’s energy development and self-reliance goals.
TotalEnergies has agreed to sell a 40 per cent stake in Nigeria’s offshore block OPL257 to South Atlantic Petroleum (SAPETRO), retaining a 50 per cent operated interest alongside SAPETRO and Conoil, which holds 10 per cent.
Nigeria has commercially launched a $300 million Distributed Renewable Energy (DRE) Fund to finance mini-grids, solar home systems, energy storage and other decentralised power projects for communities and businesses with unreliable or limited access to the national grid.
Etihad Airways and Ibom Air have signed an interline agreement expanding connectivity beyond Lagos and Accra to five Nigerian cities. From March 2027, passengers can travel on a single ticket to Abuja, Uyo, Port Harcourt, Calabar and Enugu.
Eni has completed the sale of its Nigerian subsidiary, Agip Energy and Natural Resources to Apex Global Energy, a company wholly owned by Sterling Oil Exploration and Energy Production Company.
