Nigerian businessman Ladi Jadesimis stake in Aradel Holdings Plc lost 5.9 million in value as the companys shares fell on the Nigerian Exchange NGX. The decline reduced the market value of his holding, reflecting recent weakness in the energy companys stock performance.
The decline follows a strong run earlier in the year, underscoring how quickly sentiment can shift in Nigerias stock market, particularly for energy companies that remain exposed to swings in oil prices, investor positioning, and local market liquidity.
Jadesimis Aradel stake drops 5.91 million
