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Why we Listed N4.34bn Shares on NGX – Aradel Holdings 

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Aradel Holdings Plc, on Monday, said it listed on the Main Board of the Nigerian Exchange Ltd.(NGX) to leverage the capital market for future growth and expand its operations.

Mr Adegbite Falade, Managing Director of Aradel, said this at the Facts Behind the Listing of the integrated energy company and Closing Gong Ceremony to commemorate its listing at the NGX in Lagos.

Report says that Aradel listed 4.

34 billion shares on the NGX Main Board at N702.69 per share with a nominal value of 50k each, through a listing by introduction.

This boosted the market capitalisation of the NGX by N3.05 trillion, marking a significant milestone in the oil and gas sector’s participation in the stock market.

The listing followed the company’s recent announcement that it has signed a Sale and Purchase Agreement with global energy giant TotalEnergies and the Nigerian National Petroleum Company (NNPC).

This is to acquire a 100 per cent interest in the Olo and Olo West marginal fields, located onshore in Nigeria.

Falade said the listing cemented the role of the firm  as a dominant player in both traditional and renewable energy sectors.

The managing director stated that the listing was also a testament to the company’s resilience, adaptability, and unwavering dedication.

This, he added, was to provide sustainable energy solutions that drive growth across communities and industries.

He said: “This will mark a historic milestone for Aradel, underscoring our commitment to creating long-term value for our shareholders and deepening our contributions to Nigeria’s economic landscape.

“As we embark on this new chapter in Aradel’s transformation journey, we remain focused on operational excellence, strategic expansion, and delivering returns that reflect our track record and vision for an energised future.”

Likewise, Mr Ladi Jadesimi, the Chairman of Aradel Holdings, said that Aradel aims to expand its footprint in the renewable space while maintaining leadership in the oil and gas sector.

“The listing of Aradel Holdings on NGX represents a pivotal moment for us and provides us with the platform to unlock further value for our shareholders.

“We are committed to driving sustainable growth in Nigeria’s energy industry, particularly in the renewables space, while continuing to excel in petroleum product exploration and refining,”he said.

Commenting, Alhaji Umaru Kwairanga, Chairman, Nigerian Exchange Group, said the Exchange was honoured to facilitate capital raising for companies like Aradel that play a critical role in Nigeria’s economic progress.

Kwairanga noted that the achievement of the listing was not just a win for Aradel, but a clear indication to both local and global investors that Nigeria’s capital market remains vibrant, resilient, and full of opportunities.

Also, Mr Temi Popoola, Group Managing Director, NGX Group, said that the listing of an equity for the upstream sub-sector of the oil and gas industry is significant and beneficial.

Popoola noted that this was also crucial in the light of its dire capital requirements and chronic underinvestment.

“Aradel has come to the market at a critical time as this and we are confident that our infrastructure here at NGX, both market and technology, can unlock the capital flows needed to ensure the sector thrives,” he said.

Mr Jude Chiemeka, Chief Executive Officer (CEO) of NGX, also said Aradel’s listing highlighted NGX’s ability to support leading companies in their growth journey.

Chiemeka said, “This is not just a milestone for Aradel, but a key moment for the energy sector, demonstrating how the capital market could  fuel efficiency and development in critical industries.

Aradel Holdings is one of the major player in Nigeria’s oil and gas industry, and operates across the entire oil and gas value chain, with business interests in the exploration, production and refining of petroleum products.(NAN)

Health

NCDC Warns of Cholera Surge, Gives Updates on Other Outbreaks

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 The Nigeria Centre for Disease Control and Prevention (NCDC) has issued a public health advisory following a significant surge in cholera cases across 30 Local Government Areas (LGAs) in nine states.

During a media briefing in Abuja on Friday, the Director-General of the NCDC, Dr                    Jide Idris, expressed concern over the rising number of cholera infections as the rainy season begins.

He warned that the situation posed a serious public health threat.

“As of April 28, 2025, over 1,141 suspected cholera cases and 30 deaths have been reported across multiple states, with Bayelsa, Lagos, Abia, and Zamfara among the most affected,” he said.

Idris attributed the outbreak to poor sanitation, inadequate access to clean water, and widespread open defecation.

He said the NCDC was working in collaboration with state governments, the Federal Ministry of Water Resources, and development partners to strengthen surveillance, improve access to oral rehydration therapy, and promote hygiene education.

On Lassa fever, he reported a decline in weekly cases but warned that the disease remained persistent in endemic states such as Edo, Ondo, and Bauchi.

“We must not relax. The virus is still circulating in the rodent population,” he cautioned.

He also noted continued transmission of Mpox, with recent cases reported in Lagos, Rivers, and the Federal Capital Territory.

“While no deaths have been recorded in the past month, the virus continues to spread through close contact,” he added.

On Cerebrospinal Meningitis (CSM), Idris stated that outbreaks had occurred in Sokoto, Kebbi, and Yobe states, predominantly affecting children and young adults.

He said vaccination campaigns were underway in high-burden areas, supported by the National Primary Health Care Development Agency (NPHCDA) and Gavi.

Idris further emphasised the urgent need for the rational use of antibiotics in managing the ongoing outbreaks, warning that misuse, particularly in cholera and Lassa fever treatment, could worsen antimicrobial resistance (AMR).

“We must remind our health workers and communities that not every illness requires antibiotics.

“Inappropriate use during outbreaks is a silent pandemic that could undermine our ability to treat infections in the future,” he warned.

He urged Nigerians to adopt preventive measures such as regular hand washing, proper waste disposal, and early medical attention when symptoms of any of the listed diseases were observed.

“Public health is a shared responsibility,” Idris said, calling on the media and civil society groups to support risk communication and community engagement efforts

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General News

FRSC Gets New Sector Commander in Osun 

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 The Federal Road Safety Corps (FRSC) has appointed Mr Leye Adegboyega as the new Sector Commander for Osun RS11.1 Command.

The News Agency of Nigeria (NAN) reports that Adegboyega, who assumed on on May 2, took over from Mr Taofeeq Sokumbi , who has been redeployed.

NAN further reports that the new sector commander until his appointment was the Zonal Head of Operations at Zone RS11 Command Headquarters, Osogbo.

He was was enlisted into the service of the Federal Road Safety Corps on Nov. 1, 1993, and was appointed as the Personal Assistant to the Director of Operations, a post he held till 1998.

Adegboyega was later redeployed and appointed the pioneer Principal Staff Officer (PSO) to the erstwhile Acting Corps Marshal and Chief Executive of the FRSC, Mr Danyaro Yakasai.

In 1999, he was redeployed to the then Department of Planning, Research and Statistics (PRAS) as the Staff Officer (Statistics) and in 2003, he was posted to Imo  Sector Command as Staff Officer (Operations).

The new sector commander was in 2005 redeployed to Owo Unit Command in Ondo State as the Unit Head of Administration and Human Resources, a position he occupied until 2009, as an Assistant Corps Commander l.

After several promotions and awards, he was promoted to his present rank of Corps Commander in April 2022.

The new sector commander was redeployed on April1, 2022 to the Federal Road Safety Command and Staff College, Udi, Enugu State, as Director of Coordination, a position he held till July 2023.

In July 2023, he was redeployed to Zone RS11 Command Headquarters, Osogbo as the Zonal Head of Operations.

Adegboyega was born in Abeokuta on  July 25,  1969, to the family of Late Pa Femi Adeleye and Mrs Felicia Adeleye from Ayetoro in Yewa South Local Government Area of Ogun State.

He attended St. Andrew’s Primary School, Ibara, Abeokuta, from 1974 to 1979 and later proceeded to the prestigious African Church Grammar School, Ita-Eko, Abeokuta, from where he obtained the West African Secondary School Certificate (WASSCE) in 1985.

He bagged a Bachelor of Science (B.Sc) degree in Political Science from the Ogun State University, Ago-Iwoye, Ogun State, in the year 1992  and later did his mandatory one year National Youth Service Corps (NYSC)  in Enugu with the Federal Road Safety Corps.

Adegboyega received commendations for his outstanding performance and was subsequently given automatic employment by the FRSC Management in 1993.

He is married to Mrs Oluwayemisi Elizabeth and the union is blessed with four lovely children.

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JUDICIARY

Court Remands 6 Men Docked Over Alleged Breach of Peace, Unlawful Gathering

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A Grade A Customary Court at Mapo in Ibadan has remanded six men standing trial for alleged breach of public peace, following their inability to meet their bail conditions.

The defendants are; Ismail Oladipupo, Ridwan Raji, Biodun Gbadamosi, Usman Mohammed, Samuel Olowu and Sunday Akande.

Due to their inability to meet bail, the Court President, Mrs S.

M. Akintayo, ordered that the six defendants be remanded in Abolongo Correctional Centre in Oyo.

Akintayo had admitted each of the defendants to N200,000 bail after they all pleaded not guilty to the three-count charge of conspiracy, unlawful gathering and conduct likely to cause breach of the peace.

The court also ordered that the defendants should provide two reliable sureties, one of whom must be a community leader.

However, the six men could not meet the bail conditions and therefore were remanded at the Abolongo Correctional Centre in Oyo town.

Akintayo subsequently adjourned the suit until June 24 for hearing.

Earlier, the prosecutor, Insp Ayodele Ayeni, had told the court that the defendants committed the offences on April 14, at 12:45 a.m., at Agbaje Market, Ibadan, Oyo State.

Ayeni said that the defendants were arrested after they were caught using various dangerous objects such as cutlasses, broken bottles and stones, daring anybody to confront them.

According to him, the six men by their actions allegedly caused apprehension and fear in the entire community.

He stated that the offences contravened the provisions of Sections 516, 416 and 249 of the Criminal Code Cap 38 vol. II Law of Oyo State 2000

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