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Jennete Ugo Anya
- January 30, 2025
Aradel Reports ₦321.6bn Pre-Tax Profit, Up 187% Year-on-Year
Aradel Holdings Plc has posted a profit before tax of N321.6 billion for the year ended December 31, 2024, representing a 187 percent increase from the previous year. The company’s latest unaudited financial statements reveal that revenue surged by 162.74 percent, reaching N581.022 billion, a significant jump from the N221.142 billion recorded in 2023. This […]
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- January 6, 2025
Long-Term Funding Drives ₦5.1trn In New Listings On NGX
The pursuit of long-term funding fuelled the listing of three major companies—Transcorp Power Plc, Aradel Holdings Plc, and Haldane McCall Plc—on the Nigerian Exchange (NGX) in 2024, contributing a combined ₦5.1 trillion to the market’s capitalisation. This influx has significantly deepened the equities market and enhanced investor confidence. Transcorp Power Plc, a subsidiary of Transnational […]
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- December 13, 2024
Aradel Plans To Acquire 5.14% Equity Stake In Chappal Energies
Aradel Holdings Plc has announced plans to acquire a 5.14 percent equity stake in Chappal Energies Mauritius Limited, marking a strategic move to diversify its portfolio and expand its presence in Africa’s upstream energy sector. This development comes shortly after Aradel’s landmark public listing on the Nigerian Exchange (NGX) at ₦702.69 per share, following over […]
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- October 23, 2024
Africa Capital Alliance Sells Off ₦19.8bn Aradel Holdings Shares
Africa Capital Alliance (ACA) has offloaded ₦19.8 billion worth of shares in Aradel Holdings, reducing its stake in the company from 16.49 percent to 15.92 percent. The private equity fund’s CAPE IV, which holds the largest shareholding in Aradel, executed the sale over three days – October 14, 15, and 16 – disposing of approximately […]
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