…Standard Bank acted as Global Coordinator and Bookrunner
THUR JAN 29 2026-theGBJournal| Stanbic IBTC Capital and the Standard Bank of South Africa Limited today announced the successful close of a US$250 million strategic financing facility for Aradel Energy Limited, a wholly owned subsidiary of Aradel Holdings Plc.
The facility was structured to support Aradel Energy’s strategic growth drive, including the acquisition of additional 40% equity interest in ND Western Limited (NDW), the refinancing of existing loan facilities, and the funding of increased production from the Company’s existing asset base.
Standard Bank acted as Global Coordinator and Bookrunner, in the latest strategic financing for Aradel Energy, a leading Nigerian integrated energy company.
Standard Bank also lead the structuring, execution and funding of the facility of transaction, affirming its deep sectoral expertise and reinforces its position as a leading financier in Africa’s energy industry.
Executive Director, Corporate and Transaction Banking, at Stanbic IBTC said the Bank is proud to serve as a trusted long-term partner supporting the Aradel Energy’s growth ambition, as it consolidates its position as one of Nigeria’s leading oil and gas companies.
”The transaction illustrates Standard Bank’s ability to deliver large-scale, tailored funding solutions and further demonstrates our support to fast growing indigenous companies of Nigeria’s oil and gas sector,” Aradel’s Cody Aduloju, who is the Regional Head, Energy & Infrastructure Finance, West Africa.
Recall the Aradel Energy completed the acquisition of 40% equity in ND Western last December, following the fulfilment of all regulatory and contractual conditions precedent.
The transaction, previously announced on 24th October 2025, involved the acquisition of a 40% equity interest in NDW from Petrolin Trading Ltd. With the completion of the transaction, Aradel Energy Limited’s shareholding interest in NDW increased from 41.67% to 81.67%, and NDW has become a subsidiary of Aradel Energy Limited.
The acquisition also resulted in a material increase in Aradel’s aggregate shareholding in Renaissance Africa Energy Company Limited, increasing its total indirect ownership in the company from 33.3% to 53.3%.
NDW holds a 45% participating interest in OML 34 (“OML 34”), a producing Oil Mining Lease located in the Western Niger Delta and owns 50% of the share capital of Renaissance Africa Energy Holding Company Ltd, the parent company of Renaissance Africa Energy Company Limited which operates the Renaissance Joint Venture.
Meanwhile, Adegbite Falade, Aradel Energy CEO said they are pleased to have partnered with Standard Bank, ”who supported us and delivered a fully funded solution under very tight timelines.”
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