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. A wholly owned subsidiary of Aradel Holdings Plc, Aradel Energy operates the Ogbele and Omerelu onshore marginal fields, as well as OPL 227 in shallow water terrain. Before the transaction, Aradel held a 41.67 per cent stake in ND Western; the acquisition increases its shareholding to 81.67 per cent. Standard Bank acted as Global Coordinator and Bookrunner, leading the structuring, execution, and funding of the facility, reinforcing its position as a leading financier in Africa’s energy sector. We are pleased to have partnered with Standard Bank, who delivered a fully funded solution under very tight timelines.”