S&P Global Commodity Insights, a leading global provider of information, analytics, and benchmark prices for commodities and energy markets, has announced plans to open a new office in Abuja, Nigeria, in early 2026. The move marks a major expansion of the company’s presence in Africa and underscores its long-term commitment to supporting the continent’s growing commodities and energy sectors.
The Abuja office, to be located at the World Trade Center complex, will serve as a regional hub for closer engagement with clients, policymakers, and industry stakeholders across West Africa. According to the company, the establishment of a local base aligns with its strategy of strengthening ties with the region’s dynamic energy and mining markets.
“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 to work more closely with industry leaders, policymakers, and market participants,” said Dave Ernsberger, Co-President of S&P Global Commodity Insights. “The new office opening underscores our long-term commitment to supporting the data and insights needs of our clients and the markets driving Nigeria and Africa’s growth and energy transition.”
Vinay Mahtani, Managing Director of the World Trade Center, Abuja, described the development as a boost to the city’s growing reputation as a business hub. “Welcoming a world leader such as S&P Global Commodity Insights reflects WTC Abuja’s growing dynamism as a continental hub for international business,” he said. “Their presence adds to the roster of multinational energy, technology, and financial firms that are strengthening the city’s global reputation.”
Abuja’s strategic importance — as home to Nigeria’s petroleum ministry, the Nigerian National Petroleum Company (NNPC), and key regulators — makes it an ideal base for the firm’s regional operations. The company also plans to hire and train Nigerian professionals as part of its local workforce.
S&P Global Commodity Insights, through its Platts division, has a long history in Nigeria, having launched its first West African crude oil price assessment — Platts Nigeria Forcados — in 1984. Earlier this year, it expanded its regional benchmarks with new spot market assessments tracking refined oil product trades in the Gulf of Guinea, aimed at deepening transparency and efficiency in West Africa’s energy markets.
The Abuja office complements S&P Global’s existing presence in South Africa, where it operates in Johannesburg, Cape Town, and Centurion, extending the firm’s African footprint and reaffirming its confidence in the continent’s economic and energy potential.
