What We Do
Downstream • Trading • Logistics
We bridge supply gaps by providing reliable distribution of PMS, AGO, DPK, LPG, base oils and lubricants nationwide, with a strong focus on service quality and safety.
Downstream • Trading • Logistics • Lubricants
Energy Resourcing. Redefined.
Axis Petroleum is an indigenous Nigerian oil and gas company supplying reliable fuels, base oils, additives and lubricants, backed by strong logistics and technical support across Nigeria and West Africa.
Products Delivered (3 yrs)
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2024 Revenue
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Fuel Stations
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Truck Fleet
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We focus on safe, on‑time, in‑full delivery, so you can focus on running your operations.
Introduction
Axis Petroleum at a Glance
Established in 2015, Axis Petroleum has grown into a trusted downstream partner, delivering fuels and lubrication solutions to power transportation, industry and everyday life.
Performance
Scale & Financial Strength
Over the last three years, we have delivered more than 200 million litres of products and generated ₦82B+ in 2024 revenue, operating as a multi‑billion‑Naira business.
Capabilities
Integrated Assets & Infrastructure
Our capabilities span a growing retail network, dedicated truck fleet, ex‑depot sales and operations team, and the financial capacity required to support large contracts nationwide.
Business Segments
Integrated Downstream & Lubricants Business
Axis Petroleum operates two complementary segments: downstream marketing & distribution, and lubricants manufacturing & sales.
Downstream Marketing & Distribution
Fuels, Retail & Haulage
We manage end‑to‑end supply of refined petroleum products across Nigeria, from ex‑depot lifting to last‑mile delivery.
- Retail: Growing network of filling stations focused on accurate quantity, quality and customer experience.
- Commercial: Tailored supply to industrial, power, construction and marine customers.
- Logistics: Modern truck fleet for safe, efficient deliveries nationwide.
Lubricants Manufacturing & Sales
Automotive & Industrial Lubricants
Through a JV blending plant, we provide high‑performance oils and greases formulated to global standards for automotive and industrial applications.
- JV Plant: Advanced blending, packaging and QA facilities in Mowe, Lagos.
- Quality: Virgin base oils and certified additive packages, aligned with ISO 9001:2015, API, ACEA and leading OEM specs.
- Portfolio: Engine oils, hydraulic and gear oils, compressor oils and specialised greases.
Products & Services
Reliable Supply, Technical Support
Our portfolio covers fuels, base oils and additives, and lubricants – all backed by logistics and technical support to keep your assets running efficiently.
Fuels & Distribution
PMS, AGO, DPK & LPG
Ex‑depot and delivered supply options with flexible commercial terms, subject to credit evaluation.
- Ex‑Depot: Customers lift with their own trucks; Axis handles clearances and depot interface.
- Delivered: Full or part truckloads delivered using Axis or partner trucks.
- Multiple Drops: Single‑site or multi‑site deliveries with metered peddler trucks where required.
Base Oils & Additives
Blending Industry Supply
Consistent supply of base oils and engineered additive packages to reputable blending plants across Nigeria.
- Base Oils: Imported from trusted international partners and supplied to plants with high operating standards.
- Additives: Carefully engineered packages for different performance levels and regulations.
Lubricants
Performance Oils & Greases
Lubrication solutions designed to reduce wear, extend drain intervals and protect critical assets.
- Automotive: Passenger car, heavy‑duty diesel and motorcycle engine oils.
- Industrial: Hydraulic, gear, compressor oils and greases for manufacturing and construction.
- Technical Support: Product‑to‑equipment matching and recommendations based on duty cycles.
Operational Excellence
People, Compliance & HSEQ‑C
Young, skilled teams, strong regulatory compliance and a clear focus on health, safety, environment and community.
Human Capital
Experienced & Motivated Team
- Average staff age ~30 years, combining energy and technology awareness.
- Low staff turnover, supporting continuity and institutional knowledge.
- Executives bring deep downstream, lubricants and logistics experience.
Operating Licenses
- NMDPRA wholesale license to offtake products, including from Dangote Refinery.
- NMDPRA licenses for filling stations and bulk petroleum tankers.
- Permits for importation of petroleum products.
- Registered on NIPEX and with relevant local content authorities.
HSEQ‑C
Health, Safety, Environment & Community
- Safety: Ongoing training, telematics and real‑time monitoring of logistics and site operations.
- Environment: Efficient operations, responsible waste management and promotion of LPG as a cleaner alternative.
- Community: CSR programmes in education, health and economic empowerment in host communities.
Operating Assets
Axis Petroleum currently operates an expanding network of 10+ fuel stations and a fleet of 15+ trucks, with ongoing investments in LPG storage and distribution.
Leadership
Experienced Principals & Executives
Axis Petroleum’s directors bring over 50 years of combined experience in petroleum refining, lubricants manufacturing, chemicals and petroleum products marketing.
Chairman
Ibrahim Hassan
A petroleum geologist, economic analyst, entrepreneur and community leader with over 27 years’ experience in the oil and gas industry. He holds an MSc in Oil and Gas Enterprise Management (University of Aberdeen, UK) and has attended executive programmes at leading institutions. He currently serves as Chairman of GT Bank and Axis Petroleum Limited.
MD / CEO
Mahmud Modibbo
An alumnus of Lagos Business School, Mahmud holds degrees and postgraduate diplomas in Mining Engineering, Applied Geology, Management and Mechanical Engineering. He built his career at Oando Plc and Eterna Oil, rising to GM – Fuels, before becoming CEO of Axis Petroleum on 1 January 2020.
CFO
Bolanle Ojua
A Fellow Chartered Accountant (FCA) with over 15 years’ experience in financial leadership and business transformation. She joined Axis Petroleum from AFEX Fair Trade Limited, where she served as Financial Controller, and is currently pursuing an MBA at Lagos Business School.
Head of Operations
Anthony Ojuderi
An operations and logistics professional with over a decade of progressive experience at Eterna Plc, where he rose from Fleet Assistant to Head of Logistics. Anthony holds an MBA from the University of Lagos and a B.A. in Philosophy from the University of Ibadan.
Our Clientele Portfolio
Customers, Suppliers & Operating Assets
We work with blue‑chip corporates, financial institutions and industrial customers, backed by strong supplier relationships and expanding assets.
Insights & Technical Guides
Practical Knowledge for Better Decisions
Short, practical articles to help customers make informed choices on fuels, lubricants, storage and HSEQ. These pieces also support discoverability on Google and other search engines.
How to Build Resilient Fuel Supply in Volatile Markets
A guide to structuring contracts, choosing partners and planning logistics to minimise downtime and stock‑outs across multi‑site operations.
Read article →Choosing the Right Engine Oil for Your Fleet
Key factors such as OEM approvals, viscosity grades, drain intervals and operating conditions, with recommended checks for Nigerian road and climate realities.
Read article →Best Practice for On‑Site Fuel Storage & Handling
Practical steps to improve storage integrity, reduce spillage risk, and comply with regulatory standards at depots, plants and filling stations.
Read article →Testimonials & Case Studies
Evidence of Performance & Reliability
High‑value customers often request proof of delivery performance, safety records and service quality. This section is designed for verified testimonials and case studies once available.
Very Dependable
“Axis Petroleum has been an exceptional partner to Mamu Oil, consistently demonstrating professionalism, reliability, and a strong commitment to quality service delivery. Their integrity in business, timely supply, and transparent operations have greatly strengthened our confidence and trust in the partnership. Working with Axis Petroleum has not only improved our operational efficiency but also contributed positively to our growth and reputation in the industry. We proudly recommend Axis Petroleum as a dependable and forward-thinking petroleum company, and we look forward to many more years of successful collaboration.”
Exceptional Partner
“At Ibcon Global Limited, we express our sincere appreciation to Axis Petroleum for their exceptional expertise, credibility, and loyalty to excellence. Your quick delivery of quality products, transparency in operations, and strong ethical standards have made you a trusted and valued partner. Working with Axis Petroleum has impacted our business growth and operational productivity, and we are proud of the relationship we have built. We look forward to a long-lasting partnership filled with continued success and mutual progress.”
Outstanding Professionalism
“We sincerely commend Axis Petroleum for their outstanding professionalism, and excellence in service delivery. Your consistent commitment to quality supply in business dealings, and efficient operations has made working with you a truly rewarding experience. Axis Petroleum has proven to be a trusted and dependable partner, and we deeply value the strong relationship we have built together. We look forward to continued collaboration and shared success in the future.”
Contact
Start a Mutually Beneficial Partnership
Reach out through the details below or use the Axis Virtual Assistant to discuss fuel supply, lubricants, logistics or broader energy solutions.
Reach Our Offices
Lagos Headquarters
Plot 15, Lekki–Epe Expressway,
Lekki Phase 1, Lekki, Lagos, Nigeria.
Abuja Office
8, Huambo Crescent Zone 7,
Wuse, Abuja FCT, Nigeria.
Phone: +234‑802‑311‑5704
Email: info@axispetroleum.com.ng
Web: www.axispetroleum.com.ng
For quick questions, open the Axis Virtual Assistant at the bottom‑right corner of this page.
Axis Virtual Assistant
Use the chatbot in the bottom‑right corner to:
- Ask about products, delivery options or logistics.
- Get information on operating licenses and HSEQ.
- Request guidance on fuels, base oils, additives or lubricants.
- Request a call‑back from our commercial team.
The chatbot is powered by a large language model and guided with Axis‑specific knowledge. Always confirm commercial terms directly with our team.
