Ladi Jadesimi gains $29 million from Aradel stake

Nigerian businessman Ladi Jadesimi, the chairman of Aradel Holdings Plc, has seen the market value of his stake in the energy company climb by more than $29 million this year, reflecting renewed investor confidence in one of Nigeria’s most diversified oil and gas groups.

Jadesimi holds his shares through Badagry Creek FZE, which owns a 5.27-percent stake in Aradel, equal to 229,034,760 ordinary shares. Over the past 10 months, that stake has risen in value by about N42.14 billion ($29.29 million), propelling the market value of his holdings to approximately N179.11 billion ($124.48 million).

Aradel’s transformation fuels investor gains

Aradel Holdings, previously Niger Delta Exploration & Production Plc, has grown into a major player in Nigeria’s energy sector since it was founded in 1992. The company operates across the upstream, midstream, and downstream segments, cementing its position in the domestic market while keeping its reputation for responsible and efficient production.

The company’s shares have rallied strongly this year, rising 30.77 percent from N598 ($0.4156) on Jan. 1 to N782 ($0.5435). That climb has lifted Aradel’s market capitalization to more than $2.4 billion, rewarding long-term investors and reinforcing the company’s position among Nigeria’s top-performing energy stocks.

A notable year for Aradel shareholders

For Jadesimi, the recent rise in the market has meant big personal profits. The market value of his stake has gone up by N42.14 billion ($29.29 million) in just over 10 months, from N136.96 billion ($95.19 million) at the start of the year to N179.11 billion ($124.48 million).

The gains show Aradel’s growing appeal among investors seeking exposure to Nigeria’s energy transition, with the company focusing on expanding domestic production and refining capacity while pursuing greater efficiency across its operations.