Coming up · MSM Investors Forum · 8 days to go
From the Atlantic to the Indian Ocean
A Nigerian industrial group with an upstream resource base, a contracted cement flagship, and the governance to bring African critical minerals to US capital.
The MSM corridor, live
- 244m bbl
- OML 98 reserves after re-evaluation, up from 118m. Management estimate.
- US$600m
- Phase 1 of MSM Kebbi Cement, under a March 2025 state MoU
- 12 Mtpa
- Full cement programme across four clusters
- 2011
- Founded in Nigeria, operating industrial businesses ever since
Figures as announced by MSM and its partners. Reserve figures are management estimates and have not been independently certified.
Abuja · August 2025
US$15 billion oil discovery announced at Abuja briefing
Abuja · 7 March 2025
Kebbi State signs MoU with MSM for a 3 million-tonne cement plant
- April 2025
MSM Frontier Capital Acquisition Corp. files a registration statement with the US Securities and Exchange Commission. CIK 0002061918.
- August 2025
MSM reports OML 98 reserves at 244 million barrels, up from 118 million, following re-interpretation of existing subsurface data. Management estimate; independent certification pending.
- August 2025
MSM sets out a four-cluster cement programme targeting 12 million tonnes per annum in Kebbi State.
- 2026
MSM leadership received in Nigeria, Kenya and Somalia. Where we have been
Two flagships, and the businesses that make them work
OML 98 is the resource base. Kebbi Cement is what it builds. Power, haulage and agriculture are why MSM can deliver both at lower risk than a newcomer.
Oil and gas
OML 98, where re-interpreting existing data lifted reserves from 118 to 244 million barrels on management’s estimate.
Read the briefCement
A US$600m first cluster in Kebbi State, scaling to 12 Mtpa.
Read the briefPower
Captive generation and waste-heat recovery for the clusters.
Read the briefShipping and haulage
A proven industrial haulage record, now extending to sea.
Read the briefAgriculture
Where MSM began in 2011: premium fertilizer and farm inputs.
Read the briefData and systems
Digital and secure systems, and the data behind the Group’s operations.
Read the briefWhy now
Africa’s critical minerals meet US capital
In November 2025 the US Geological Survey expanded its List of Critical Minerals to 60 commodities. Sub-Saharan Africa holds commercial concentrations of most of them. What has been missing is not geology but an investable pathway.
Coming up
MSM Investors Forum
MSM’s leadership will present the Group’s businesses, the minerals thesis and its governance to international investors. One-to-one meetings are available around the forum.
Latest from MSM
MSM Investors Forum
An invitation-only forum connecting African governments and project owners with international investors. Details on request.
MSM reports OML 98 reserves more than doubled and sets out a 12 Mtpa cement programme
At a briefing in Abuja, MSM said re-evaluation of OML 98 lifted reserves to 244 million barrels, and detailed its four-cluster cement plan.
Source: Vanguard
MSM Frontier Capital Acquisition Corp. files a registration statement with the SEC
The filing is available on SEC EDGAR under CIK 0002061918.
Source: SEC EDGAR