Axxela

Axxela is a natural gas value chain company that processes natural gas, transmission & distribution as well as power generation & distribution in Nigeria and West Africa.
Based in Lagos, Nigeria, 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.
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.

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.
Axxela is the first privately owned, independent company registered gas shipper on the West African Gas Pipeline and in 2021 received the Energy Leadership Excellence Award of the Decade from the African Institute for Leadership Excellence.