TEMPLARS Advises Aradel Holdings Plc on Historic Listing by Introduction on the Nigerian Exchange Limited (NGX)

As the largest ever listing by introduction on the NGX, Aradel’s debut on the NGX represents a historic milestone for both the company and Nigeria’s capital markets, boosting the market capitalization of NGX by N3.04 trillion.

Commenting on the listing, Aradel Holdings MD/CEO, Adegbite Falade, noted that “This listing is a testament to [Aradel’s] resilience, adaptability and unwavering dedication to providing sustainable energy solutions that drive growth across our communities and industries”.

The TEMPLARS team was led by Partner, Finance, Securities and Investments, Zelda Akindele, who was supported by Senior Associate Ayodele Ashiata Kadiri as well as associates Lawrence Ola-Adisa and Fisayo Aderibigbe.

Speaking at the Listing on Monday 14 October, TEMPLARS Managing Partner, Oghogho Akpata said “we are delighted to have advised Aradel Holdings on such a significant transaction which highlights the company’s strength and commitment to creating long term value for its shareholders, and our role demonstrates our established reputation as a trusted adviser to major players in Nigeria’s oil and gas industry”.

Aradel, one of Nigeria’s leading energy groups, is an integrated energy Company with operations spanning upstream, midstream, downstream, power and renewables.