Aradel Holdings Plc, the Nigerian vitality group led by Adegbite Falade, has accomplished the acquisition of an extra 40 p.c fairness stake in ND Western Restricted, cementing its management of the Nigerian oil and fuel producer.
The transaction, executed by its wholly owned unit Aradel Vitality Restricted, follows the achievement of all regulatory and contractual situations. It was first disclosed on Oct. 24, 2025.
With the deal accomplished, Aradel Vitality’s holding in ND Western rises to 81.67 p.c from 41.67 p.c, making ND Western a subsidiary. The acquisition additionally lifts Aradel’s oblique possession in Renaissance Africa Vitality Firm Restricted to 53.3 p.c from 33.3 p.c.
Aradel positive factors OML 34 Affect
ND Western holds a forty five p.c taking part curiosity in Oil Mining Lease 34, a producing asset in Nigeria’s western Niger Delta. The corporate additionally owns half of Renaissance Africa Vitality Holding Firm Ltd., the father or mother of Renaissance Africa Vitality Firm, which operates the Renaissance three way partnership.
The added stake provides Aradel deeper publicity to producing property and larger affect over operations linked to OML 34.
Falade advances compliant asset scale
Aradel stated the transaction was accomplished after receiving approvals from the Nigerian Upstream Petroleum Regulatory Fee and the Federal Competitors and Shopper Safety Fee. The corporate stated it met all disclosure, governance and regulatory necessities.
Chief Government Officer Adegbite Falade stated the acquisition strengthens Aradel’s working base and helps its long-term plans.
“This strikes us additional alongside our technique of constructing scale in property we all know effectively,” Falade stated. “It places us in a stronger place to run these operations effectively and ship regular returns for shareholders.”
Aradel emerges as one among Africa’s high vitality teams
Based in 1992 as Niger Delta Exploration & Manufacturing Plc, Aradel has grown right into a diversified impartial vitality group with operations spanning upstream, midstream and downstream actions.
The corporate has made fuel growth a core focus. It commissioned a 100 million normal cubic feet-per-day fuel processing plant in 2012, provides fuel to the home market and eradicated routine flaring at its Ogbele discipline. Aradel, as the primary non-joint enterprise producer to provide fuel to Nigeria LNG, signed a new gas supply agreement with the corporate in August.
Since itemizing on the Nigerian Alternate in October 2024, Aradel has emerged as one of many market’s largest vitality shares. For the first nine months of 2025, income rose 43 p.c to N538.8 billion ($372.8 million) from N377.6 billion ($261.3 million) in 2024, pushed by greater crude oil, fuel and refined-product gross sales volumes.
