S&P Global Commodity Insights to Open Nigeria Office in Africa Expansion Push
S&P Global Commodity Insights, a major provider of information, analytics, and benchmark prices for global commodities and energy markets, has announced it will open its office in Abuja, the capital of Nigeria, in early 2026.
The office, to be located in the World Trade Center complex, is “central to the company’s long-term commitment to meeting its clients where they are and expanding its service to and engagement with clients, regional policymakers, local industry, and West Africa’s robust and growing commodities markets,” the company said in a statement.
“Not only are we excited to become a part of this unique location in the heart of Nigeria’s capital at this pivotal period in the evolution of the nation’s energy, metals, and mining sectors, but we welcome the opportunity it provides, by proximity, to working more closely with industry leaders, policymakers and market participants,” said Dave Ernsberger, Co-President, S&P Global Commodity Insights.
The company said the new Abuja office would extend its footprint on the continent and “recognises Africa’s ongoing and expanding international role in commodities, energy security and transition and economic importance”.
“S&P Global Commodity Insights is committed to creating local jobs, investing in training, and ensuring knowledge transfer, including by hiring Nigerian talent as part of its staff in Abuja,” it said.
Platts, part of S&P Global Commodity Insights, first launched a West African crude oil price assessment in 1984, PlattsNigeria Forcados, a medium sweet crude oil grade produced from the Forcados Yokri oilfield in Nigeria. It has also reported on Nigeria’s role in global energy markets for decades, including its entry into OPEC in 1971.
Earlier this year, on April 7, Platts launched new regional spot market price assessments that track the value of waterborne refined oil products traded in the Gulf of Guinea. “These benchmarks reflect material directly traded in the region and mark an important step in fostering greater transparency and efficiency in West Africa’s energy markets. Conditions remain ripe for continued evolution of West Africa’s refined products markets as local supply and trading continue to grow amid rising regional demand,” the statement said.
