Axxela

Last updated
Axxela
FormerlyOando Gas & Power Limited
Industry Energy & Utilities
Founded2000;26 years ago (2000)
Headquarters Lagos, Nigeria
Key people
Bolaji Osunsanya (CEO)
ProductsNatural Gas, Power, Energy Infrastructure Development
OwnerAfrigaz Energie LLP
Levene Energy
PERSAND Limited
Energy & LLP
Parent BlueCore Gas InfraCo Limited
Website www.axxelagroup.com

Axxela (formerly Oando Gas & Power Limited), is a natural gas value chain company that processes natural gas, transmission & distribution as well as power generation & distribution in Nigeria and West Africa. [1] [2]

Contents

Based in Lagos, Nigeria, [3] it was acquired by Helios Investment Partners in 2019. Until it was sold again seven years later, Helios owned a 70% stake in the company, while the remaining 30% was held by Sojitz Corporation. [4] [5]

In January 2026, it was announced that BlueCore Gas InfraCo Limited had completed the acquisition of Axxela. BlueCore is a consortium formed by Afrigaz Energie LLP, Levene Energy Development Limited, and PERSAND Limited and Energy & LLP. [6] [7]

Background

It is one of the first indigenous private sector-led developers of natural gas distribution in Nigeria, which serves over 200 industrial and commercial customers via a vast network of natural gas infrastructure. [8]

Axxela is the first privately owned, independent company registered gas shipper on the West African Gas Pipeline (WAGP) [9] and in 2021 received the Energy Leadership Excellence Award of the Decade from the African Institute for Leadership Excellence. [10] [11]

References

  1. ↑ Press, N. M. (2021-11-22). "Axxela announces its long-term Issuer and Issue ratings upgrade from BBB+ to A-(NG) with a Stable Outlook from GCR". Nairametrics. Retrieved 2023-06-18.
  2. ↑ "How Axxela is transforming Nigerian industries with natural gas". www.worldfinance.com. Retrieved 2023-06-18.
  3. ↑ Asu, Femi (2019-12-05). "Gas critical to Nigeria, others' industrialisation — Axxela". Punch Newspapers. Retrieved 2023-06-18.
  4. ↑ Releases, APO Press (2022-04-04). "Helios Investment Partners and Sojitz Corporation start collaborations in West African gas downstream businesses". The Guardian Nigeria News - Nigeria and World News. Retrieved 2023-06-18.
  5. ↑ Shosanya, Mohammed (12 April 2022). "Japan Coys Explains Acquisition Of 25% Stake In Nigeria's Axxela". Independent NG. Retrieved 2023-06-18.
  6. ↑ "Helios Investment exits Axxela, sells 75% stake to international consortium". TheCable. Retrieved 2026-01-14.
  7. ↑ "Levene Energy and BlueCore Consortium Complete $285 Million Acquisition of Nigeria's Axxela Gas". African Peace Magazine. Retrieved 2026-01-14.
  8. ↑ Oladipo, Oladehinde (2019-04-05). "Axxela now 100% owned by Helios". Businessday NG. Retrieved 2023-06-18.
  9. ↑ "Axxela Completes Another 18km Natural Gas Pipeline in South West Nigeria; Achieves First Gas to Rite Foods Factory in Ososa". Businessday NG. Retrieved 2023-06-18.
  10. ↑ "Axxela receives Energy Leadership Excellence Prize of the Decade". The Guardian Nigeria News - Nigeria and World News. 2021-06-12. Retrieved 2023-06-18.
  11. ↑ Report, Agency (2021-06-18). "Axxela wins leadership prize, pledges investment in energy". Punch Newspapers. Retrieved 2023-06-18.
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