The listing by introduction of Aradel Holdings Plc on the Nigerian Exchange Limited (NGX) yesterday increased the market capitalization to N3.4 trillion, with its share price closing at N772.90 per share.

The successful introduction of Aradel Holdings Plc on the NGX on Monday 14 October allows it to take advantage of the capital market for future growth, allowing the company to expand its operations and consolidate its role as a dominant player in the traditional and renewable energy sectors.

The shares, listed at N702.69 per share via an “introductory listing”, increased NGX's market capitalization by NN3.050 billion, marking an important milestone in the oil and gas sector's participation in the stock market.

Aradel Holdings Plc, a major player in the oil and gas industry in Nigeria, operates across the oil and gas value chain, with commercial interests in the exploration, production, and refining of petroleum products. The listing offers investors the opportunity to engage with one of the most diverse energy companies in Nigeria, positioning it as a key entity on the

In parallel with the IPO, an event entitled “Facts Behind the Listing” took place, during which senior managers presented the company's growth strategy and financial performance to investors and stakeholders.

Umaru Kwairanga, President of the Nigerian Exchange Group, emphasized the importance of the listing, saying, “This achievement is not only a win for Aradel, but also a clear indication for local and international investors that the Nigerian capital market remains dynamic, resilient and full of opportunities. We are honored. eacute; s to facilitate capital raising for companies like Aradel that play a critical role in Nigeria's economic progress.