New company lists on Nigerian Exchange after sharing plans to refine petrol

  • Aradel lists 4.34 billion common shares at a price of N0.50 each to mark its debut on the Nigerian Exchange
  • The company said the price of each share will be N702.69, making it the largest listing by introduction in the history of the NGX
  • Investment company Chapel Hill Denham announced that it is serving as the official adviser to Aradel Holdings Plc

Legit.ng journalist Zainab Iwayemi has over 3-year-experience covering the Economy, Technology, and Capital Market.

On October 14, 2024, a Nigerian energy company, Aradel Holdings, made its debut on the Nigerian Exchange by listing 4.34 billion common shares at a value of N0.50 each.