The Nigerian Exchange Group (NGX) has received a significant boost with the listing of Aradel Holdings PLC, adding N3.4 trillion to its market capitalization.
This development marks a major milestone in the company’s growth journey and underscores NGX’s strategic importance in mirroring Nigeria’s economy.
Aradel Holdings PLC, one of Nigeria’s fastest-growing oil and gas companies, operates in oil production, gas processing, and refining.
Its listing on NGX provides investors with attractive opportunities, given its viable operations, stable earnings, and generous dividend policy.
Alhaji (Dr.) Umaru Kwairanga, Chairman of NGX Group, expressed delight at the listing, emphasizing NGX’s goal to reach a trillion-dollar GDP for Nigeria and market capitalization.
The listing of major companies like Aradel, Dangote Refinery, and NNPC is crucial to achieving this goal.
In related news, Alhaji Kwairanga recently visited Dubai’s Gold and Commodities Exchange (DGCX) and Financial Markets (DFM) to explore potential partnerships.
He highlighted Nigeria’s appeal to discerning investors, citing its young population, natural resources, and business-minded leadership.
Aradel Holdings PLC’s stock price currently stands at N533.80, poised for further growth and expansion.
Olusola Akintonde
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