Aradel Holdings Plc has a great success story in Nigeria’s energy industry. It started as a fund to give people more access to the oil and gas industry, then became a fully integrated patriotic energy stronghold.
Aradel was listed on the Nigerian Exchange (NGX) in October 2024. The company is now the third Nigerian self-funded oil and gas company to be listed. The other two companies are Oando and Seplat.
Who is the CEO of Aradel?
The CEO and Managing Director of Aradel Holdings is Mr. Adegbite Falade (also known in some places as Olanrewaju Adegbite Falade).
He has led the company during some of the most important times in this company’s history. Under his lead, Aradel was listed on the Nigerian Exchange and bought an additional 40% stake of ND Western Limited, which increased the stake of Renaissance Africa Energy Company to 53.3%.
He stated that the year of 2025 was of great importance to the company, as the company had achieved record income and profit for the year and that the company had completed its most extensive and revolutionary expansion to that date.
The CEO has with him an executive management team which includes Adegbola Adesina who is the Chief Financial Officer.
What does Aradel do?
Aradel Holdings Plc is an integrated energy company based in Nigeria. Its operations span all those divisions in the energy value chain — upstream, midstream, and downstream.
There are four main categories in which the company organizes its operations: Crude Oil, Gas, Refinery Product, and Investment Properties.
Upstream Operations:
Aradel Energy, an upstream subsidiary of Aradel Holdings, engages in the exploration and production of oil and gas. Aradel’s principal asset is the Ogbele Marginal Field in Rivers State, which covers 22.53 km2.
Aradel was the first company to negotiate a Marginal Field Farm-out Agreement in Nigeria. It has produced oil from this field for over 19 continuous years.
Midstream Operations:
In 2012, Aradel Holdings built the Ogbele Gas Processing Plant and became the first Nigerian company to build a gas processing plant with a design capacity of 100 million standard cubic feet per day (MMscf/d).
Additionally, the company has stopped the routine gas flaring at the Ogbele Facility.
Downstream Operations:
Aradel Holdings Plc has a daily production capacity of 11,000 barrels and sells products like Marine Diesel Oil and Naphtha. The company intends to add Liquefied Petroleum Gas and Premium Motor Spirit in the near future.
Renewables and Beyond:
The company actively seeks to harness energy across Nigeria and Africa to provide affordable energy, and they take the global energy transition into consideration.
What is the former name of Aradel?
Aradel Holdings has undergone two name changes since its incorporation:
- 1992: Incorporated as the Midas Drilling Fund — Nigeria’s first integrated oil and gas investment company.
- November 1996: Changed its name to Niger Delta Exploration and Production Plc (NDEP) .
- April 2023: Changed its name to Aradel Holdings Plc after obtaining shareholders’ approval during an Extra-ordinary General Meeting on 25 April 2023.
The company formally unveiled its new name and logo on 4 August 2023.
The name change was part of a broader transformation strategy, recognising the company’s rich history while positioning it for future growth as a leading African energy company delivering sustainable energy solutions.
How much are Aradel shares today in Naira?
As of June 2026, Aradel Holdings shares (ticker: ARADEL) are trading at approximately ₦1,575 to ₦1,770 per share on the Nigerian Exchange.
It is important to note that share prices fluctuate throughout the trading day and across different data providers due to timing differences and data delays.
Recent trading data from the Nigerian Exchange (NGX) shows:
| Date | Price (₦) |
| June 11, 2026 | 1,770 |
| June 10, 2026 | 1,770 |
| June 9, 2026 | 1,770 |
| June 8, 2026 | 1,770 |
| June 5, 2026 | 1,749.9 |
| June 4, 2026 | 1,749.9 |
| June 3, 2026 | 1,933.8 |
Source: NGX Group
Additional market data (as of June 23, 2026):
- Market Capitalisation: Approximately ₦7.60 trillion
- Shares Outstanding: 4.34 billion
- 52-Week Range: ₦494 – ₦2,024
- 1-Year Change: +210.65%
Please note: Share prices are delayed by at least 30–60 minutes on most platforms. For real-time pricing, investors should consult their brokerage platforms or the Nigerian Exchange directly.
Financial Performance Highlights
Aradel Holdings has delivered exceptional financial results in recent periods, underscoring its position as a market leader:
FY 2025 Audited Results (announced June 2026):
- Revenue: ₦699.4 billion (20% year-on-year growth)
- Profit After Tax: ₦757.3 billion (192% increase)
- Total Assets: ₦9.9 trillion (466% growth)
The company also declared a final dividend of ₦23 per share for the 2025 financial year.
These results reflect the transformative impact of Aradel’s strategic acquisitions, particularly its increased stake in ND Western and Renaissance Africa Energy Company.
Frequently Asked Questions (FAQs)
1. When was Aradel Holdings founded?
Aradel Holdings was incorporated on 25 March 1992, originally as the Midas Drilling Fund.
2. When did Aradel list on the Nigerian Exchange?
Aradel Holdings listed on the Main Board of the Nigerian Exchange on 14 October 2024.
3. What is Aradel’s ticker symbol?
Aradel trades under the ticker symbol ARADEL on the Nigerian Exchange.
4. Where is Aradel Holdings headquartered?
The company is headquartered at 15 Babatunde Jose Street, Victoria Island, Lagos, Nigeria.
5. How many employees does Aradel have?
Aradel Holdings employs approximately 269 people.
6. What is Aradel’s flagship asset?
The Ogbele Marginal Field in Rivers State is Aradel’s flagship asset, covering 22.53 square kilometres.
7. Does Aradel operate internationally?
Yes, Aradel has a regional office in South Sudan and has executed a Memorandum of Understanding to establish a strategic partnership with the South Sudan State National Oil Company.
8. What is the company’s approach to community relations?
Aradel established Nigeria’s first Host Community Development Trust in 2002 and maintains a strong community relations policy, recognising host communities as valued partners in its operations
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