Caption: From left, Uduka Umekwe, Partner, Theophilus Ogbummah & Co.; Gabriel Onojason, Partner, Alliance Law Firm; Damilare Ayodeji, Chief Technical Officer, Pivot Integrated Energy Services Limitd;, Mrs. Dolapo Akanbi-Alade, Co-founder/Director, Pathway Advisors Limited; Babajide Babatope, CEO/Managing Director, Pivot Integrated Energy Services Limited; Adekunle Alade, Founder/CEO, Pathway Advisors Limited; Samuel Okeke, Divisional Head, Fidelity Bank Plc; and Chidera Nwannunu of Globus Bank Limited.
Pathway Advisors Limited, a capital market advisory giant, at the weekend said its role as Lead Issuing House in the N300 billion Commercial Paper Programme of Pivot Integrated Energy Services Limited, reaffirms its leadership in energy sector financing.
Pivot is one of the 20 approved off-takers in the Dangote Refinery PMS Consortium, with a target volume of 300 million litres per quarter, a position that underscores its standing in Nigeria’s post-subsidy energy supply architecture.
The signing ceremony to conclude the transaction, following the completion of all regulatory and programme clearances for the execution of a programme documentation in Lagos, Pathway Advisors added, marked a defining milestone in mobilising large-scale short-term capital for Nigeria’s downstream petroleum sector.
The CP issuance will be deployed to financing working capital, enabling high-growth energy businesses to scale efficiently and sustainably.
Speaking on the strategic significance of the issuance programme, Adekunle Alade, Founder and Chief Executive Officer of Pathway Advisors Limited said: “Nigeria’s downstream energy sector is undergoing a profound transformation, accelerated by the removal of fuel subsidies, the emergence of domestic refining capacity, and rising demand for reliable product supply across the country and the broader West African region.”
Companies like Pivot Integrated Energy Services Limited with a vertically integrated model, a strong track record, and a clear growth mandate, he believes, “are exactly the kind of issuers that the capital markets should be financing.
“Commercial paper, when structured appropriately, gives operationally strong businesses access to a deep and diverse pool of institutional investors, at tenors and costs that support the working capital intensity of petroleum trading and distribution. This transaction is a testament to what is achievable when credible issuers partner with experienced advisers to access the markets,” he stressed.
Continuing, Alade said “the successful execution of this programme further affirms Pathway Advisors’ position as a trusted financial advisory and investment banking firm in complex, large-scale capital market transactions.”
Also commenting, Babajide Babatope, Chief Executive Officer/Managing Directorof Pivot Integrated Energy Services Limited, described the CP programme as a pivotal step in the company’s strategy to expand its supply capacity and strengthen its position as a leading integrated energy provider in Nigeria and West Africa.
Nigeria’s downstream energy market, he said, “demands scale, speed, and the right capital structure to compete effectively. This commercial paper programme gives us the financial firepower to support our growing volumes, reinforce our supply chain, and serve our customers with greater reliability across the regions we operate in.”
He added that the CP Programme would also support the company’s accelerating regional push, including active operations in Ghana, where Pivot has delivered over 100,000 MT since April 2025, and a planned entry into Tanzania with deliveries targeted in Q3 of 2026.
Babatope further expressed appreciation to Pathway Advisors and other transaction parties for their professionalism, rigour, and commitment throughout the programme’s execution, and signalled his plan to continue deepening these partnerships as Pivot advances to subsequent phases of growth and financing.
