Aradel Holdings Plc breached the N1,000-per-share threshold on the Nigerian Exchange, becoming one of a rare clutch of stocks to join the NGX’s four-figure club and cementing its position as the country’s most closely watched energy bet stock.
On Monday, Aradel stock traded at N1,096.70, higher than N997 traded on February 14.
The milestone caps a remarkable ascent for a company that listed on the NGX at N702.69 per share just over a year ago, and has since rewarded investors with a rally that outpaced the broader market.
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The stock had already set an all-time high of N869 in October 2025 before slipping back, but renewed buying pressure driven by strong earnings momentum and a transformative acquisition pushed it through the psychological barrier.
The deal-making has been equally aggressive. Aradel completed its acquisition of a 40 percent equity interest in ND Western Limited at the close of 2025, expanding its already diversified energy portfolio spanning upstream, midstream, and downstream operations.
The board has reinforced its shareholder-return narrative with an interim dividend of N10.00 per share, a signal that Aradel intends to reward investors even as it deploys capital aggressively.
At N1,000 a share, Aradel commands a market capitalisation that makes it one of the most valuable companies on the exchange, a status that would have seemed improbable for what was once an obscure marginal-field operator.
