January 12, 2026/CSL Report Nigeria enters 2026 with macroeconomic conditions gradually stabilising, even as deep structural, social, and political challenges persist. Economic growth is expected to strengthen to around 4.2%, driven primarily by resilience in the non‑oil sector, particularly services, ICT, trade, and agriculture. A more stable exchange rate, easing […]
Updates
Levene Energy Secures $64M Facility from Afreximbank to Acquire Strategic Stake in Axxela Ltd
This landmark transaction provides Levene Energy with direct entry into Nigeria’s regulated midstream and downstream gas sectors January 9, 2026/Afreximbank African Export-Import Bank (Afreximbank) has provided a USD 64 million Acquisition Finance Facility to Levene Energy Development Limited. The facility supports Levene Energy’s equity commitment to Bluecore Gas Infraco Limited (the […]
Distribution Constraints Continue to Cap Energy Offtake
January 9, 2026/CSL Update According to the Nigerian Electricity Regulatory Commission (NERC) Q3 2025 report, average energy offtake, defined as the volume of electricity distributed to end-users, declined by 7.1% quarter-on-quarter (q/q) to 3,328.33 MWh/h, from 3,582.6 MWh/h recorded in Q2 2025. This outcome reflects weaker-than-expected utilisation of the Partially […]
