HOW IT WORKS
From Application to First Trade
A clear path to accessing West Africa’s energy markets. Our team guides you through membership, platform setup, and your first transaction.
THE TRADING LIFECYCLE
Five Steps to Market Access
1
Apply for Membership
Submit your company details, regulatory licenses, and financials. Our membership team reviews within 5 business days.
Day 1–5
2
Complete Due Diligence
KYC, AML screening, and credit assessment. Required for all trading and clearing access.
Day 6–15
3
Sign Agreements & Post Margin
Execute membership, trading, and clearing agreements. Post the initial margin to your clearing account.
Day 16–20
4
Platform Onboarding
Receive API credentials and terminal access. Complete certification with our trading support team.
Day 21–25
5
Go Live & Trade
Access live markets. Execute your first trade with dedicated dealer support standing by.
Day 26+
MEMBERSHIP
Choose Your Level of Market Access
Three tiers are designed for different trading profiles — from single-product access to full multi-market participation.
₦5,000,000
/ year
Trading Member
For commercial traders, refiners, and producers
-
Access to all 5 product markets
-
Full trading rights: buy, sell, market-making
-
Clearing & settlement services
-
Real-time market data (Level 2)
-
FIX API connectivity
Apply Now
MEMBERSHIP CATEGORIES
Who Trades on WAEE?
Refiners
Companies operating crude oil refineries. From Africa’s largest facility to regional processors.
8 Members
Producers
Upstream oil and gas producers. National oil companies and international oil companies with West African production.
12 Members
Traders
International and regional commodity trading houses. Physical and financial market participants.
15 Members
LNG Operators
Liquefaction plant operators, LNG shippers, and regasification terminal owners.
5 Members
Marketers
Downstream petroleum product marketers and distributors serving retail and commercial markets.
4 Members
Utilities & Industrial
Power generation companies, industrial consumers, and large-scale gas buyers.
3 Members
FEATURED MEMBERS
Leaders in West African Energy
REFINER
Dangote Refinery
Lekki, Lagos, Nigeria
Africa’s largest single-train refinery with 650,000 bpd capacity, expanding to 1.4 million bpd. Processes Nigerian crude and international grades. Already exporting gasoline, diesel, and jet fuel to global markets. A founding member of WAEE since 2024.
650K bpd
Current Capacity
1.4M bpd
Expansion Target
24/7
Operations
View Profile
LNG OPERATOR
Nigeria LNG Limited
Bonny Island, Rivers State, Nigeria
Joint venture between NNPC, Shell, TotalEnergies, and Eni. 22.5 MTPA total capacity across six trains. One of the world’s largest LNG export facilities. Lists spot cargo contracts on WAEE for transparent price discovery.
22.5 MTPA
Total Capacity
6 Trains
Liquefaction
1999
Established
View Profile
N
V
REFINER
Dangote Refinery
Lekki, Lagos, Nigeria
Africa’s largest single-train refinery with 650,000 bpd capacity, expanding to 1.4 million bpd. Processes Nigerian crude and international grades. Already exporting gasoline, diesel, and jet fuel to global markets. A founding member of WAEE since 2024.
650K bpd
Current Capacity
1.4M bpd
Expansion Target
24/7
Operations
View Profile
FEATURED MEMBERS
Leaders in West African Energy
REFINER
Dangote Refinery
Lekki, Lagos, Nigeria
Africa’s largest single-train refinery with 650,000 bpd capacity, expanding to 1.4 million bpd. Processes Nigerian crude and international grades. Already exporting gasoline, diesel, and jet fuel to global markets. A founding member of WAEE since 2024.
650K bpd
Current Capacity
1.4M bpd
Expansion Target
24/7
Operations
View Profile
LNG OPERATOR
Nigeria LNG Limited
Bonny Island, Rivers State, Nigeria
Joint venture between NNPC, Shell, TotalEnergies, and Eni. 22.5 MTPA total capacity across six trains. One of the world’s largest LNG export facilities. Lists spot cargo contracts on WAEE for transparent price discovery.
22.5 MTPA
Total Capacity
6 Trains
Liquefaction
1999
Established
View Profile
N
V
REFINER
Dangote Refinery
Lekki, Lagos, Nigeria
Africa’s largest single-train refinery with 650,000 bpd capacity, expanding to 1.4 million bpd. Processes Nigerian crude and international grades. Already exporting gasoline, diesel, and jet fuel to global markets. A founding member of WAEE since 2024.
650K bpd
Current Capacity
1.4M bpd
Expansion Target
24/7
Operations
View Profile
ELIGIBILITY
Who Can Join WAEE?
Eligible Entities
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Registered companies with a minimum of 2 years of operating history
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Valid petroleum sector license (where applicable)
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Minimum paid-up capital per tier requirements
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Clean regulatory and compliance record
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Demonstrated expertise in relevant energy markets
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International entities welcome (subject to jurisdiction checks)
Required Documentation
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Certificate of Incorporation
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Audited financial statements (last 2 years)
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Board resolution authorizing trading
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KYC/AML compliance officer designation
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Bank reference letter
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Regulatory license copies (if applicable)
MEMBER VOICES
What Our Members Say
WAEE gives us transparent price discovery for Nigerian crude that we simply didn’t have before. The differential pricing against international benchmarks finally reflects true West African market conditions.
— Trading Director, International Trading House
As a refiner, access to standardized AGO and PMS contracts on WAEE streamlines our procurement. The clearing and settlement process is as efficient as any global exchange.
— Chief Supply Officer, Regional Refinery
The LNG spot auction platform has transformed how we market cargoes. Transparent bidding, faster price discovery, and direct access to a wider buyer pool.
— Commercial Manager, LNG Operator
Join West Africa’s Energy Leaders
Applications are reviewed within 5–7 business days. Our membership team will guide you through every requirement.
