Heads of state from the Economic Community of West African States signed the intergovernmental agreement for the Nigeria-Morocco African Atlantic Gas Pipeline (AAGP) in July, while Nigeria’s refined fuel exports and its banks’ capital base have both expanded sharply in 2026. MSGBC Oil, Gas & Power 2026, taking place in Dakar this December, gives Nigerian companies and financiers direct access to the governments and national oil companies planning the basin’s gas and downstream infrastructure.

The largest of Nigeria’s regional commitments, the $25 billion AAGP, would cross all five MSGBC member states on its 6,900-km route to Morocco. The Nigerian National Petroleum Company (NNPC) is co-developing the line with Morocco’s National Office of Hydrocarbons and Mines (ONHYM), with a design capacity of 30 billion cubic meters a year split between West African demand and European exports. Its first northern segment runs from Kayar in Senegal to Morocco and would move Senegalese and Mauritanian gas north from 2031, with Nigerian supply joining in later phases. A Morocco-Mauritania signing will complete the agreement, after which the partners plan to establish a project company in Casablanca and a Pipeline Higher Authority in Abuja on the path to FID.

NNPC has worked alongside its MSGBC counterparts on the corridor for several years. In 2022, NNPC and ONHYM signed memoranda of understanding in Nouakchott with Senegal’s national oil company Petrosen and Mauritania’s Société Mauritanienne des Hydrocarbures (SMH) to advance the project. The Nigerian Content Development and Monitoring Board (NCDMB) has also agreed to advise Senegal’s local content regulator on its legal framework and implementation strategy, with NCDMB presenting the arrangement as a basis for business-to-business partnerships between Nigerian and Senegalese companies.

Nigerian crude and fuel already reach the basin’s markets, forming a bedrock of sustained trade between the two powerhouses. Senegal’s 30,000 bpd Société Africaine de Raffinage (SAR) refinery, built to process light, low-sulfur crude, has drawn on Nigeria’s Erha grade. The Dangote refinery near Lagos, meanwhile, lifted Nigeria’s seaborne product exports to 350,000 bpd in the second quarter of 2026. Kpler data indicates that the refinery’s deliveries to West African markets, including Senegal, reached a record 172,000 bpd in September.

Nigerian banks also play a key role, entering the basin’s next investment cycle with larger capital bases and existing licenses on the ground. Lenders raised N4.65 trillion ($3.38 billion) under the Central Bank of Nigeria’s recapitalization program, which closed in March. United Bank for Africa has previously arranged a €234 million facility for SAR through its Senegalese subsidiary, led by a crude oil financing line, and FirstBank operates subsidiaries in Senegal, The Gambia and Guinea. Access Bank completed its takeover of Standard Chartered’s Gambian business in 2025, and the Lagos-headquartered Africa Finance Corporation, which Senegal joined in 2019, has financed the country’s 300 MW Cap des Biches power plant.

At MSGBC Oil, Gas & Power 2026, the CEO Regional Leadership Panel will look at the role of shared basin-scale infrastructure in the region’s gas competitiveness, while a technical session on Regional Gas Monetization Pathways brings pipeline and LNG developers together with contractors and investors. With the AAGP’s northern segment first in line for development, the agreements reached between Nigerian and MSGBC partners in Dakar will inform how the corridor’s first volumes are contracted and financed.

Organized by Energy Capital & Power and held under the High Patronage of Senegalese President Bassirou Diomaye Faye, MSGBC Oil, Gas & Power 2026 takes place December 1–3 in Dakar and will convene heads of state, ministers, investors, operators and development partners from Mauritania, Senegal, The Gambia, Guinea-Bissau and Guinea-Conakry. Explore opportunities and secure your participation at www.msgbcoilgasandpower.com.