Aradel, led by Nigerian executive Adegbite Falade, gains majority stake in Renaissance
Billionaires Africa | 20.01.2026 17:42
Aradel Holdings Plc, the Nigerian energy group led by Adegbite Falade, has become the largest shareholder in Renaissance Africa Energy Consortium with a 53.3 percent stake. The change follows the completion of a $250 million purchase of an additional 40 percent interest in ND Western, increasing Aradel’s ownership to 81.67 percent from 41.67 percent.
