Meet Adegbite Falade: Nigerian energy boss steering a $1.6 billion powerhouse
Since his appointment, Falade has led Aradel through a period of substantial transformation, positioning the company as a powerful force in Nigeria’s energy industry.
Aradel Holdings
Aradel, led by Nigerian businessman Ladi Jadesimi, reports $160 million profit in 2024
This milestone secured it a spot as one of Nigeria’s most profitable companies, showcasing a dramatic 361.1 percent increase in profitability compared to the prior year.
Aradel-backed consortium gets approval for $2.4 billion Shell deal
The transaction has been designed to preserve SPDC’s operational integrity post-acquisition.
Aradel Holdings acquires 5.14-percent equity stake in Chappal Energies to strengthen its position in Nigeria’s energy sector
Aradel Holdings strengthens its energy sector footprint with a 5.14 percent stake in Chappal Energies, gaining access to Nigeria's key oil assets and driving future growth in the industry.
Aradel Holdings sees $517-million market cap drop amid investor sell-off
The selloff coincides with Nigeria’s decision to reject Shell’s plan to offload its onshore oil assets to a consortium that includes Aradel, alongside ND Western and Waltersmith.
Aradel Holdings lists on NGX, hits $1.9-billion market cap
This listing expands investment opportunities for Nigerians, aligning with Aradel’s mission of enabling broader participation in the oil and gas sector.
Ladi Jadesimi's Aradel becomes Nigeria’s latest billion-dollar energy group with $1.2-billion market cap
Aradel Holdings has surged past the $1 billion valuation mark, with its market capitalization exceeding $1.2 billion
Nigerian businessman Ladi Jadesimi’s Aradel to acquire NNPC, TotalEnergies oil fields
The acquisition marks a significant expansion for the integrated energy group.
Nigerian multimillionaire Ladi Jadesimi pockets $470,000 Aradel Holdings dividend
Jadesimi, who is the founder of Lagos-based LADOL, owns a 4.7-percent stake in Aradel Holdings, an oil-producing company.