Chai! My people, big matter don land! Aradel Holdings Plc don chop extra 40% for ND Western Limited (NDW), sharp sharp! This one no be small news, as dem dey raise dem total ownership from 41.67% to 81.67%, and na so NDW don turn full subsidiary for Aradel Energy Limited.
No be joke o! This acquisition wey dem announce for December 31, 2025, na wetin go help Aradel flex muscle for Nigeria upstream oil and gas sector. Na dey kontri wey NDW dey operate get 45% interest for Oil Mining Lease (OML) 34 wey dey for Western Niger Delta! And guess wetin? Dem still get 50% share for Renaissance Africa Energy Company Limited. Na win-win!
According to wahala wey dem drop for statement, dis move fit bolster Aradel’s strategy wey dey focus on portfolio consolidation and sustainable value creation. Chief Executive Officer of Aradel, Mr. Adegbite Falade, talk say dis acquisition na another milestone for their growth plan. Dis level don put dem as big players for energy game wey suggest say dem sabi wetin dem dey do!
Given say na regulatory approvals don clear road for dem, Aradel confirm say dem don meet all conditions after dem receive okay from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Federal Competition and Consumer Protection Commission (FCCPC). Na so the game dey play for energy sector, my people!
As e be now, Aradel dey plan to use this new stake for better operational scale and energy governance. Dem go fit set better tempo to the other players wey dey run the upstream business. This move dey show say indigenous companies dey step up to the plate, so shine your eye o, oil companies!
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