Company: Aradel
Country: Nigeria
Sector: Integrated Oil
CEO: Adegbite Falade (Chief Executive Officer)
Website: https://www.aradel.com
Careers Page: Not publicly listed
LinkedIn: https://ng.linkedin.com/company/aradel-holdings-plc
Email: Not publicly listed
Headquarters: Lagos, Nigeria (with an administrative office in Port Harcourt)
Founded: 1992 (incorporated as Midas Drilling Fund; renamed Niger Delta Exploration and Production Plc in 1996; rebranded to Aradel Holdings in 2023)
Valuation/Revenue: $382.3m revenue (African Business Top 250, 2025); listing on the NGX in October 2024 added roughly N3.4 trillion to market capitalisation, making it the largest oil and gas company on the Nigerian Exchange by market cap at the time
Aradel Holdings Plc is a fully integrated indigenous Nigerian energy company spanning upstream oil and gas exploration and production, midstream gas processing, and downstream refining. Formerly known as Niger Delta Exploration and Production Plc (NDEP), it rebranded as Aradel Holdings in 2023 and listed on the Nigerian Exchange (NGX) in October 2024, immediately becoming the largest oil and gas company on the exchange by market capitalisation.
What Does Aradel Do?
Aradel operates across the full energy value chain through four main subsidiaries: Aradel Energy Limited (upstream exploration and production), Aradel Gas, Aradel Investments, and Aradel Refineries. The company is notable for pioneering achievements among Nigerian indigenous operators, including commissioning the first mini-refinery built by an indigenous Nigerian company at its Ogbele Field (starting at 1,000 barrels/day and later expanded through Train II and Train III to a combined capacity of roughly 17,000 barrels/day), and building the first gas processing plant developed by an indigenous company in Nigeria. It is also the only non-NLNG partner supplying gas to Nigeria LNG.
How Old Is Aradel?
Aradel’s corporate history stretches back to 1992, when it was incorporated as the Midas Drilling Fund. It was renamed Niger Delta Exploration and Production Plc in 1996 and operated under that name for over 25 years, becoming a well-known indigenous exploration and production company, before rebranding to Aradel Holdings Plc in 2023 to reflect its expanded integrated energy business, coinciding with the company’s 30-year anniversary.
Who Is the CEO of Aradel?
Adegbite Falade serves as Chief Executive Officer of Aradel Holdings, leading the company through its landmark 2024 stock exchange listing and its continued growth as one of Nigeria’s most prominent indigenous energy companies.
How Big Is Aradel?
African Business’s Top 250 (2025) recorded Aradel’s revenue at approximately $382.3 million; no market value was provided in that data set, reflecting Aradel’s then-recent (October 2024) listing. When Aradel listed on the NGX by introduction in October 2024, it added approximately N3.4 trillion to the exchange’s total market capitalisation, and the listing was subsequently named NGX Listing of the Year 2024. The company has over 21,000 shareholders and employs more than 225 people.
Is Aradel Publicly Traded?
Yes. Aradel Holdings listed on the Nigerian Exchange’s main board by introduction in October 2024 and is regarded as the largest oil and gas company on the NGX by market capitalisation.
Where Is Aradel Headquartered?
Aradel is headquartered in Lagos, Nigeria, with a significant administrative office in Port Harcourt, closer to its core Niger Delta operating fields.
How Does Aradel Compare to Its Competitors?
Aradel competes with other Nigerian indigenous energy companies such as Seplat Energy and Oando, as well as international oil majors still operating in Nigeria. Its distinguishing feature is its fully integrated model spanning upstream production through midstream gas and downstream refining, which few purely upstream indigenous players match, giving it diversified revenue streams less exposed to crude price volatility alone.
What Has Aradel Been in the News For Recently?
Aradel’s biggest recent news was its October 2024 NGX listing by introduction, which added roughly N3.4 trillion to the exchange’s market capitalisation and won NGX’s Listing of the Year award; it has continued to be covered as one of the largest and most closely watched Nigerian energy stocks since. The company also completed a minority stake acquisition (5.14%) in Chappal Energies Mauritius Limited in December 2024, extending its investment footprint.
How Do I Apply for a Job at Aradel?
Aradel posts openings through its corporate website and its official LinkedIn company page for roles across its upstream, midstream, refining and corporate functions.
What Milestones Has Aradel Achieved as an Indigenous Operator?
Aradel has repeatedly positioned itself as a pioneer among indigenous Nigerian energy companies. It established Nigeria’s first Host Community Development Trust, an important structure for managing relationships and benefit-sharing with communities in its Niger Delta operating areas. Its Ogbele Gas Processing Plant, commissioned as the first such facility built by an indigenous Nigerian company, won the Global Gas Flare Reduction Excellence Award in 2015, recognising its role in cutting the routine gas flaring that has long been a major environmental and economic issue for Nigeria’s oil sector. The company has also maintained a strong safety record, reporting over 16 million manhours without a Lost Time Incident, a metric closely watched by both regulators and international partners in Nigeria’s oil and gas industry.
Links
Website: https://www.aradel.com
Careers Page: Not found
LinkedIn: https://ng.linkedin.com/company/aradel-holdings-plc
Email: Not publicly listed
FAQ
Was Aradel previously known as another company?
Yes, it was Niger Delta Exploration and Production Plc (NDEP) before rebranding to Aradel Holdings in 2023.
Who is the CEO of Aradel?
Adegbite Falade.
Is Aradel publicly traded?
Yes, listed on the Nigerian Exchange (NGX) since October 2024.
How big is Aradel?
African Business’s Top 250 (2025) recorded roughly $382.3 million in revenue; its NGX listing added about N3.4 trillion in market capitalisation.
What makes Aradel different from other Nigerian oil companies?
It is a fully integrated operator spanning upstream production, midstream gas and downstream refining, including Nigeria’s first indigenous-built mini-refinery.
Is Aradel still operating in 2026?
Yes, and it remains one of the largest and most actively traded energy stocks on the NGX.