Standard Bank Arranges $250 Million Finance Facility for Nigerian ...

Aradel Energy secures $250m funding to expand stakes in ND Western, Renaissance

Aradel Energy Limited , an indigenous Nigerian energy company, has secured a $250 million strategic financing facility through a consortium led by Stanbic IBTC Capital Limited, Stanbic IBTC Bank Limited, and Standard Bank of South Africa, providing a major boost to the company’s expansion plans. The funding package is intended to support Aradel Energy’s long-term […]

Standard Bank Helps Aradel Energy With $250m Financing Facility

By Aduragbemi Omiyale A $250 million financing facility to support the acquisition of about 40 per cent equity in ND Western Limited from Petrolin Trading Limited has been secured by Aradel Energy Limited, a wholly owned subsidiary of Aradel Holdings Plc. The funding package was facility for the energy firm by Standard Bank, which comprises […]

Standard Bank Closes USD 250 Million Strategic Financing for Aradel Energy

Stanbic IBTC Capital Limited, Stanbic IBTC Bank Limited, and The Standard Bank of South Africa Limited (together, “Standard Bank”) have successfully achieved financial close on a landmark USD 250 million financing facility for Aradel Energy Limited (“Aradel Energy” or the “Company”). The facility was structured to support Aradel Energy’s strategic growth agenda, including the acquisition of an […]