Gas
Aradel’s 9M revenue hits N3.95 trillion, pre-tax profit rises 154%, declares interim dividend
CEII brief
Nairametrics reported on 2 Nov 2026: Aradel’s 9M revenue hits N3.95 trillion, pre-tax profit rises 154%, declares interim dividend.
Read the full story on NairametricsAradel Holdings Plc reported a 154.3% increase in consolidated pre-tax profit to N764.71 billion for the nine months ended September 30, 2026, from N300.68 billion in the corresponding period of 2025, driven by stronger crude oil and gas operations.
Context from CEII
Gas is the flexible backbone of many grids and the designated transition fuel in many national plans, from LNG trade to domestic LPG and CNG. Supply security and pricing drive both power reliability and emissions.
72.9% of electricity in Nigeria came from gas in 2024Countries in this story
Original reporting © Nairametrics. Headline and excerpt quoted with attribution; the full article is available on the publisher’s site. CEII’s context is the Centre’s own and does not represent the publisher.
