
Business
Aradel Output Rises Sevenfold to 144,700 Barrels
Aradel Holdings grew nine-month revenue 633 percent to N3.95 trillion and averaged 144,700 boepd, up from 24,000 boepd, after consolidating newly acquired subsidiaries.
Amaka Obi0 min read
3 results for “acquisitions”

Aradel Holdings grew nine-month revenue 633 percent to N3.95 trillion and averaged 144,700 boepd, up from 24,000 boepd, after consolidating newly acquired subsidiaries.

Oando produced 42,985 barrels of oil equivalent per day and grew nine-month revenue 9 percent, confirming its acquired Nigerian assets are operating at run-rate.
Zenith Bank has consolidated its entry into East Africa's largest market after completing the full acquisition of Kenya's Paramount Bank, part of a wider expansion that also took the Nigerian lender into Côte d'Ivoire during the first half of 2026.