Aradel Holdings Hails Ministerial Approval Of SPDC Acquisition

Aradel Holdings Plc (Aradel), a company listed on the Nigerian Exchange Limited, has announced a major milestone in the energy sector.

According to the company in a notice to the NGX, the Minister of Petroleum Resources has officially granted consent for the sale of Shell Petroleum Development Company (SPDC) to Renaissance Africa Energy Limited (Renaissance).

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