By Kehinde Ibrahim, Lagos
Pathways Advisors Limited has announced its role as Lead Issuing House in a N300 billion Commercial Paper, CP, Programme for Pivot Integrated Energy Services Limited, further reinforcing its position in capital market advisory and energy sector financing.
The transaction was formally completed with the execution of programme documentation at Capital Club, Victoria Island, Lagos, following the completion of all required regulatory approvals and programme clearances. The signing ceremony marked a significant milestone in the mobilisation of short-term capital for Nigeria’s downstream petroleum industry.
Founder and Chief Executive Officer of Pathway Advisors Limited, Mr. Adekunle Alade highlighted the strategic importance of the issuance in supporting working capital needs and enabling energy companies to scale operations sustainably.
He noted that Nigeria’s downstream energy sector is undergoing rapid transformation driven by the removal of fuel subsidies, growing domestic refining capacity, and increasing regional demand for petroleum products. According to him, companies such as Pivot Integrated Energy Services, with integrated operations, strong execution capacity, and clear growth strategies, represent the type of issuers best positioned to benefit from capital market funding.
He further explained that commercial paper remains a critical financing instrument for operationally strong businesses, providing access to diversified institutional funding at competitive costs and tenors suited to the working capital demands of fuel trading and distribution.
“The successful execution of this programme underscores what is possible when credible issuers collaborate with experienced advisers to access the capital markets efficiently,” he said, adding that the transaction reinforces Pathway Advisors’ role as a trusted partner in complex capital market structures.
Chief Executive Officer and Managing Director of Pivot Integrated Energy Services Limited, Babajide Babatope described the programme as a key component of the company’s broader expansion and liquidity strategy.
He stated that Nigeria’s downstream energy sector requires scale, speed, and an appropriate capital structure to remain competitive, noting that the CP programme provides the financial flexibility needed to support rising trade volumes, strengthen supply chains, and improve service delivery across operating markets.
Babatope disclosed that Pivot Integrated Energy Services is among the 20 approved off-takers under the Dangote Refinery PMS Consortium, with a projected allocation of 300 million litres per quarter. He said that this positions the company within Nigeria’s evolving post-subsidy fuel distribution framework.
He also highlighted the company’s regional expansion efforts, including ongoing operations in Ghana—where over 100,000 metric tonnes have been delivered since April 2025—and planned entry into Tanzania, with initial deliveries targeted for the third quarter of 2026.
Babatope expressed appreciation to Pathway Advisors and other transaction parties for their professionalism and execution discipline throughout the programme, noting that the company remains committed to deepening strategic partnerships as it advances its next phase of growth and financing initiatives.
