Aradel Holdings completes acquisition of 40% fairness curiosity in ND Western 

Aradel Holdings Plc has accomplished the acquisition of a further 40% fairness stake in ND Western Restricted (NDW), growing its whole possession to 81.67% and successfully making NDW a full subsidiary of Aradel Power Restricted.

That is in accordance with a company disclosure filed with the Nigerian Trade (NGX) on December 31, 2025, asserting the shut of the consolidation deal.

The acquisition additionally boosts Aradel’s oblique stake in Renaissance Africa Power Firm Restricted—from 33.3% to 53.3%—giving it majority management within the three way partnership that operates the high-producing OML 34 asset.

What they’re saying

Within the assertion filed with the NGX, Aradel stated the transaction aligns with its long-term technique of portfolio consolidation and sustainable worth creation.

• “Growing our fairness curiosity in ND Western reinforces Aradel’s place as a number one indigenous built-in power firm and enhances our capability to drive long-term worth for shareholders by means of scale, operational effectivity, and portfolio optimisation,”
  — Adegbitte Falade, CEO, Aradel Holdings Plc

The corporate’s CFO, Adegbola Adesina, confirmed that the deal had obtained all needed regulatory approvals, together with these from the Nigerian Upstream Petroleum Regulatory Fee (NUPRC) and the Federal Competitors & Shopper Safety Fee (FCCPC).

ND Western holds a forty five% collaborating curiosity in Oil Mining Lease (OML) 34, a prolific oil and fuel asset positioned within the Western Niger Delta. NDW additionally owns 50% of Renaissance Africa Power Firm Restricted, the three way partnership operator of OML 34.

With Aradel now controlling 81.67% of NDW, it features expanded operational affect throughout the Renaissance JV construction and the OML 34 worth chain.

This majority stake supplies Aradel with strategic advantages corresponding to enhanced operational leverage, improved governance management, and deeper entry to one in every of Nigeria’s most efficient power belongings.

The acquisition was finalized after assembly all regulatory and contractual obligations, as initially introduced on October 24, 2025.

The corporate views this transfer as a part of a disciplined effort to construct resilience, scale, and worth in a consolidating business panorama.

What this implies

This acquisition considerably bolsters Aradel’s place in Nigeria’s upstream sector, notably at a time when indigenous power companies are striving to develop their asset base and drive capital effectivity.

• It alerts a consolidation pattern amongst home operators, pushed by the necessity to improve competitiveness, scale back overhead, and optimize useful resource allocation.
• With controlling curiosity in NDW and Renaissance, Aradel now has larger flexibility to make long-term strategic choices throughout exploration, manufacturing, and three way partnership growth.
• This additionally units the stage for future capital-raising alternatives and partnerships that would additional strengthen its upstream footprint.

What you must know

• The inventory closed at N670.00 per share on December 31, 2025—down 1.5% from its earlier value of N679.90—regardless of the acquisition information, suggesting the market should still be digesting the implications of the deal.
• Aradel started 2025 buying and selling at N598.00 and has gained 12% year-to-date, rating one hundred and fifth on the NGX by way of annual efficiency.
• On October 28, the inventory hit a 2025 excessive of N869.00 per share earlier than moderating to its present stage.
• In This fall 2025, Aradel ranked because the forty first most traded inventory on the NGX, with 196 million shares traded throughout 44,117 offers value N134 billion. It recorded a quantity excessive of 30.4 million shares on November 17 and a low of 211,676 on November 28.