Axxela Limited, Nigeria’s leading gas infrastructure company, has celebrated the achievement of 10 million Lost Time Injury (LTI)-free manhours across its operations while securing recognition from two of Nigeria’s foremost credit rating agencies, underscoring its operational excellence, financial strength and disciplined growth strategy.
These milestones further reinforce Axxela’s position as one of the country’s most resilient energy infrastructure companies, reflecting exceptional safety performance and strong independent validation of its financial strength and long-term strategic direction.
Global Credit Ratings (GCR) upgraded Axxela’s national scale long-term issuer rating to A+(NG), while Agusto & Co. affirmed the company’s Aa- Long-Term Rating for the second consecutive review period and assigned an A1+ Short-Term Rating, the highest rating in that category. The agencies cited Axxela’s robust business model, strong earnings performance, resilient cash generation and sustained financial profile as key drivers of the ratings.
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Commenting on the achievements, Moshood Olajide, group
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