Aradel Holdings Plc is one of Nigeria’s first indigenous, fully integrated energy companies, operating across the upstream, midstream, and downstream segments. African Capital Alliance (ACA) identified the company’s long-term potential early on. Drawing on its deep industry expertise and decades of experience investing in the oil and gas sector, ACA assessed the strength of Aradel’s model, recognized its growth potential, and partnered with the company to unlock long-term value.
Building on the foundation laid by Aradel’s experienced management team and strong community relationships, ACA supported the business in scaling its production capacity, improving corporate governance, and embedding institutional-grade systems and controls across operations.
ACA also worked closely with Aradel to build operational resilience — including the implementation of alternative crude evacuation routes and infrastructure redundancies — positioning the business to withstand external shocks and maintain continuity.
Workplace safety and sustainability have been central to Aradel’s transformation. With ACA’s support, the company achieved over six million safe man-hours without a lost-time incident and committed to the World Bank’s Zero Routine Flaring by 2030 initiative. Aradel was also recognized by the Global Gas Flaring Reduction (GGFR) Forum with an Award of Excellence. The company actively tracks its carbon emissions, prioritizes the health and safety of its workforce, and runs robust community development and stakeholder engagement programs that promote local employment and skills development.
This strategic partnership culminated in a landmark achievement in 2024, when ACA led Aradel to a successful listing on the Nigerian Exchange (NGX). The listing involved 4.34 billion ordinary shares at a market capitalization of approximately ₦3.06 trillion (USD 1.9 billion). Following the listing, Aradel qualified for inclusion in both the NGX 30 Index and the NGX Oil & Gas Index, cementing its status as Nigeria’s foremost publicly listed energy company.
As the largest institutional investor in Aradel since its USD 80 million investment via CAPE IV in 2016, ACA played a pivotal role in driving the company’s operational transformation and long-term strategy. The listing represents a defining milestone in the journey, reflecting ACA’s commitment to building resilient, market-leading African businesses that deliver sustainable value