Helios Investment Partners finalized the divestment of its majority stake in Axxela Limited, a prominent gas and power company, selling a 75% equity interest to BlueCore Gas InfraCo Limited on January 5, 2026. BlueCore Gas InfraCo is a consortium comprising both Nigerian and international energy sector participants.

What you should know

Axxela Limited has been a key player in Nigeria's gas distribution and power generation sectors. Helios's investment played a role in the company's growth and expansion over the years. The sale represents a significant shift in ownership and potentially a new strategic direction for Axxela.

BlueCore Gas InfraCo’s acquisition signals continued investor interest in Nigeria’s energy sector, particularly in gas infrastructure. This move could lead to further investments and development of gas-related projects across the country. The consortium's composition suggests a blend of local and international expertise aimed at strengthening Axxela’s market position.

This development follows increased attention being paid to the potential of gas as a transition fuel in Nigeria, and government policies aimed at increasing gas utilization for both domestic and industrial purposes.

Market implications

The sale of Axxela could trigger further consolidation within the Nigerian energy sector as companies reposition to capitalize on emerging opportunities in gas development and distribution. Market watchers will be keen to see how BlueCore leverages Axxela's existing infrastructure and network to expand its reach and market share.

Investors should monitor BlueCore Gas InfraCo's strategic plans for Axxela, including potential investments in new infrastructure and expansion into new markets. This also highlights the importance of gas as a viable investment opportunity in Nigeria's evolving energy landscape.

The transaction underscores the attractiveness of Nigeria's energy sector to both local and international investors, particularly in the gas value chain. This could stimulate more foreign direct investment (FDI) into the sector, contributing to economic growth and job creation.