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Nigeria's Aradel Triples Profit as Western Oil Majors Retreat

Nigeria's Aradel Holdings tripled its 2025 profit as it bought oilfields Western majors are quitting, though one-off accounting gains flatter the figure.

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riotimesonline.com

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riotimesonline.comStai leggendo3 g fa

Nigeria's Aradel Triples Profit as Western Oil Majors Retreat

Aradel tripled 2025 profit acquiring Nigeria's oil from Shell and ExxonMobil, but most gains were one-off accounting entries, not core business growth. This reflects a continent-wide shift: Western majors retreat while local and Asian players consolidate energy control, reshaping who governs critical infrastructure and resources.

originale

businessday.ng4 g fa

Aradel's profit jumps 192% on acquisition gains, higher sales - Businessday NG

Aradel Holdings acquired 40% of ND Western, profit surged to N757.3 billion (+192%) from M&A gains and ops growth (gas +59%, refining +18%). The deal reset group scale (assets +466%), establishing Africa's integrated oil&gas leader.

Timeline cronologica

sabato 20 giugno 2026·businessday.ng
Aradel's profit jumps 192% on acquisition gains, higher sales - Businessday NG
Aradel Holdings Plc reported a 192 percent surge in full-year profit after tax for 2025, driven by strong growth across its oil, gas, and...
domenica 21 giugno 2026·riotimesonline.com
Nigeria's Aradel Triples Profit as Western Oil Majors Retreat
Nigeria's Aradel Holdings tripled its 2025 profit as it bought oilfields Western majors are quitting, though one-off accounting gains flatter the figure.