Axxela
From Wikipedia, the free encyclopedia
Axxela (formerly Oando Gas & Power Limited) is a natural gas value chain company that processes natural gas, transmission and distribution, as well as power generation and distribution in Nigeria and West Africa.[1][2] It reported revenue of ₦188.1 billion (about $240-250 million 2023 USD) for fiscal year 2023.[3]
| Formerly | Oando Gas & Power Limited |
|---|---|
| Industry | Energy & Utilities |
| Founded | 2000 |
| Headquarters | Lagos, Nigeria |
Key people | Bolaji Osunsanya (CEO) |
| Products | Natural Gas, Power, Energy Infrastructure Development |
| Owner | Afrigaz Energie LLP Levene Energy PERSAND Limited Energy & LLP |
| Parent | BlueCore Gas InfraCo Limited |
| Website | www.axxelagroup.com |
Based in Lagos, Nigeria,[4] it was acquired by Helios Investment Partners in 2019. When it was sold again seven years later, Helios held a 70% stake in the company, while the remaining 30% was owned by Sojitz Corporation.[5][6]
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.[7][8]
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.[9]
Axxela is the first privately owned, independent company registered gas shipper on the West African Gas Pipeline (WAGP)[10] and in 2021 received the Energy Leadership Excellence Award of the Decade from the African Institute for Leadership Excellence.[11][12]