Aradel’s assets hit N10trn, up 466% after Renaissance acquisition

Aradel Holdings Plc grew its total assets by 466 per cent to N9.9 trillion in the 2025 financial year following the acquisition of an additional 40 per cent interest in ND Western Limited, which increased its effective equity stake in Renaissance Africa Energy Company to 53.3 per cent.
The energy company said the transaction, completed on December 31, 2025, significantly expanded its reserves, production base and operational footprint, leading to a sharp increase in the size of its balance sheet. According to its audited results for the year ended December 31, 2025, total assets rose from N1.75 trillion in 2024 to N9.9 trillion, reflecting the consolidation of ND Western’s assets and l...