ABOUT Weex
Building West Africa’s Energy Market Infrastructure
Founded by energy professionals, technologists, and regional market veterans, West Africa’s Premier Energy Exchange (WEEX) exists to bring transparency, efficiency, and global standards to West African energy trading.
OUR MISSION
Transparent Markets. Regional Growth.
WEEX’s mission is to establish a world-class energy exchange that serves West Africa’s unique market structure. We connect producers, refiners, traders, and consumers through transparent price discovery, efficient clearing, and trusted market infrastructure. Every contract we list, every trade we clear, and every price we publish is designed to strengthen regional energy security and economic development.
Read Our Charter
OUR VISION
The Gateway to African Energy Markets
By 2030, WEEX will be the reference price for West African energy commodities — from Nigerian crude differentials to LNG spot cargoes. We envision a fully integrated regional energy market where transparent pricing drives investment, efficient trading reduces costs, and standardized contracts enable new market participants to compete on equal terms.
Integrity
Market integrity is non-negotiable. Every trade is auditable, every price is verifiable, every member is accountable.
Innovation
We build technology that makes complex markets accessible. From FIX API to mobile trading, we remove barriers.
Regional Focus
West Africa’s markets have unique characteristics. Our contracts, pricing, and operations reflect local reality.
Global Standards
We operate to international best practices in clearing, risk management, and regulatory compliance.
OUR JOURNEY
Building the Exchange
Concept & Market Study
Comprehensive feasibility study of West African energy trading. Engaged 40+ market participants across 8 countries.
Founding Team Assembled
The leadership team was recruited from international exchanges and global trading houses. Regulatory engagement begins.
Technology Platform
Matching engine deployed. FIX API tested. Clearing infrastructure established with partner banks.
Member Onboarding
Founding members recruited: international trading houses. Beta trading begins.
First Trades
First crude oil contracts traded. Daily settlement operational. WEEX price benchmarks published.
LNG Launch
LNG spot cargo auction platform launched. Nigeria LNG and Angola LNG list cargoes.
Expansion
Refined products expansion. Petrochemical contracts. Regional satellite offices. SEC Nigeria licensing.
LEADERSHIP
Meet the Team
-
Auwal Abubakar
CEO
Auwal Abubakar has over Two (2) decades of experience in Oil & Gas & other Sectors. He holds a Bachelor’s Degree in Management Technology from the prestigious Federal University of Technology,
Full Bio
-
.
Chief Operating Officer
Saroj Kumar Mohapatra is a seasoned Oil & Gas professional with 22+ years of leadership experience spanning upstream and midstream operations, commercial strategy, gas & condensate marketing,
Full Bio
-
.
Chief Technology Officer
Dynamic energy professional with 6+ years of experience in natural gas markets, commercial strategy, and business
Full Bio
-
M. U Farouk
Executive Director Business Development
M. U Farouk is a dynamic executive and strategic leader with a diverse background in banking, public investment management, energy services, and sustainable community development.
Full Bio
-
Fanny Alfred
Head of cooperate communication
Resourceful head of project with 10+ years of experience in organising large-scale events from planning through successful execution.
Full Bio
-
Abdoul Rahimoune Massaoudou
N/A
Organized, autonomous, with a passion for performance and excellence, I hold a Master’s degree in Auditing and Management Control from the African Center for Higher Studies in Management (CESAG in Dakar), a Master’s degree in Economics, and several other certificates and diplomas from prestigious schools, universities, and training centers, including the
Full Bio
GOVERNANCE
Accountable by Design
Board of Directors
The WEEX Board comprises independent directors with expertise in energy markets, financial regulation, technology, and regional economic policy. The Board sets strategic direction, approves new product listings, and oversees executive management.
Chairman: Independent, non-executive
4 Independent Directors
2 Executive Directors (CEO, COO)
Quarterly Board meetings
Product Committee
Composed of senior representatives from member companies across all product categories. Reviews and approves contract specifications, delivery terms, and pricing methodologies. Ensures products reflect market needs.
6 Member representatives
2 Independent technical experts
Monthly meetings
Annual product review cycle
Risk & Compliance
Independent Risk Committee oversees clearing fund adequacy, margin methodology, and default procedures. The compliance function reports directly to the Board with quarterly regulatory submissions to NUPRC.
CCO reports to the Board
CCO reports to the Board
Quarterly submissions
Annual external audit
Learn More About WEEX
For media inquiries, partnership discussions, or general information about the exchange, our team is available to assist.
Headquarters: Lagos, Nigeria · GMT+1