Our businesses

Supply & Trading

One of Nigeria's largest independent petroleum product traders, and the cornerstone of the Group.

Traded every year (approx.)
3M MT
Traded in the last two years
30M bbl
Track record on supply contracts
100%

Overview

Physical cargoes, sourced reliably and delivered where the market needs them.

Matrix specialises in physical trading and logistics, and supply and trading is the cornerstone of the business. The Group is one of Nigeria’s largest independent petroleum product traders, handling close to 3 million metric tonnes a year.

A broad product portfolio, from crude oil and gasoline to LPG, bitumen and condensate, lets Matrix serve the whole of the market. Its own vessels, terminals and trucks carry each cargo onward, so a trade is backed by the means to deliver it.

Reliability, efficiency and integrity in every cargo, with the adaptability to move with the market.

How a cargo moves

Trading is where the chain starts. Cargoes land at the Lagos hub, then travel on through the Group's own terminals, vessels and trucks.

LagosTrading hubWarriTerminalTemaLPG terminal, GhanaOuagadougouLogistics hub, Burkina FasoCargoes from international markets
Inbound cargoes Onward through the GroupRoutes are illustrative

What we trade

Crude oilCargo trading and offtake, including NNPC DSDP.
GasolinePMSMotor spirit for retail and commercial customers.
Household keroseneDPKFuel for cooking and lighting in homes.
Aviation fuelATKJet fuel for aviation customers.
Gas oil / dieselAGOFor transport, industry, power and offshore operations.
LPGCooking gas and industrial LPG, including DSDP offtake.
BitumenFor road construction and infrastructure.
Low pour fuel oilLPFOIndustrial fuel for boilers and furnaces.
CondensateLight hydrocarbon liquids for refining and blending.

What we do

Physical trading

Crude oil and refined petroleum products, bought and sold as physical cargoes.

NNPC DSDP offtake

Direct Sale Direct Purchase offtake for crude oil and LPG.

Pre-finance and forward sales

Structured contracts such as Project Eagle and Project Yield.

Market intelligence

Price risk management and a close read of market dynamics.

Pan-African supply chain

Cargoes coordinated from source to customer across West Africa.

Where it sits in the chain

Every link is one company. The highlighted link is this business.

  1. 4assetsUpstream
  2. 3M+tonnes annuallyTrading & supply
  3. 4vesselsShipping
  4. 150M+litresStorage
  5. 610+trucksLogistics
  6. 110+stationsRetail

Trade with Matrix

For cargo enquiries, supply contracts and offtake partnerships, speak to the Group head office.