Country
Nigeria
Sector
Oil & Gas / Energy
Intelligence Type
Corporate
Status / Stage
Expanding
Confidence
Confirmed
Latest Development
Axxela is Nigeria’s leading private gas distribution and power infrastructure company — operating gas distribution networks, CNG stations and gas-fired power plants. Formerly Oando Gas & Power. Levene Energy acquired a strategic stake via Afreximbank $64m facility in January 2026.
Company Profile
Company TypePrivate
HeadquartersLagos, Nigeria
Countries of OperationNigeria
Founded2016
Key ExecutivesBolaji Osunsanya (CEO)
Key Developments
Levene Energy acquired strategic stake (Afreximbank $64m facility, January 2026). Operates gas distribution pipelines, CNG refuelling stations and embedded power plants for industrial and commercial customers. Directly benefits from AKK pipeline completion.
Key Risks
Gas supply reliability from upstream producers is central commercial risk. Nigeria grid instability.
What Happens Next
Expansion of gas distribution and CNG network as AKK brings gas to northern Nigeria.
Commercial Opportunity Intelligence
Opportunity SignalAxxela's network is the commercial infrastructure layer converting AKK pipeline gas into industrial customers.
Commercial ReadinessCommercially Active
Source & Verification Trail
Last VerifiedAugust 2026
Source(s)AllaAfrica / Afreximbank (January 9, 2026); Businessday NG
Source DateJanuary 2026