Aradel Holdings Plc, the Nigerian energy group led by Adegbite Falade, has completed the acquisition of an additional 40 percent equity stake in ND Western Limited, cementing its control of the Nigerian oil and gas producer.
The transaction, executed through its wholly owned unit Aradel Energy Limited, follows the fulfillment of all regulatory and contractual conditions. It was first disclosed on Oct. 24, 2025 .
With the deal completed, Aradel Energys holding in ND Western rises to 81.67 percent from 41.67 percent, making ND Western a subsidiary. The acquisition also lifts Aradels indirect ownership in Renaissance Africa Energy Company Limited to 53.3 percent from 33.3 percent.
