ACA's investment leads Aradel to a successful listing on the Nigerian Exchange, solidifying its position as a leading energy company in Nigeria.

Target Overview

Aradel is an innovative energy company that has made significant strides in the Nigerian oil and gas sector. Under the guidance of ACA, the company has focused on enhancing operational resilience through the implementation of alternative crude evacuation routes and infrastructure redundancies, which have enabled it to better withstand external shocks and maintain consistent operations.

Central to Aradel's strategic transformation has been its commitment to workplace safety and sustainability. With ACA's support, the company has achieved over six million safe man-hours without a lost-time incident. Moreover, it has pledged to adhere to the World Bank’s Zero Routine Flaring by 2030 initiative, receiving recognition from the Global Gas Flaring Reduction (GGFR) Forum with an Award of Excellence.

Industry Overview in Nigeria

Nigeria's energy sector is a critical component of its economy, primarily driven by oil and gas production, which significantly contributes to the country's GDP and foreign exchange earnings. The country boasts so