Aradel Holdings Plc has broken through the N1,000-per-share barrier on the Nigerian Exchange (NGX), joining a select group of companies in the NGX’s four-figure club and solidifying its status as Nigeria’s most closely watched energy stock.

On Monday, February 16, 2026, Aradel stock traded at N1,096.70, a significant increase from the N997 recorded on February 14. This milestone marks a remarkable climb for the company, which listed on the NGX just over a year prior at N702.69 per share. Since its listing, Aradel has delivered returns that have outperformed the broader market.

The stock had previously reached an all-time high of N869 in October 2025 before experiencing a slight dip. However, renewed buying interest, fueled by strong earnings performance and a transformative acquisition, propelled it past the N1,000 threshold.

Aradel's strategic deal-making has also played a crucial role in its ascent. At the close of 2025, the company finalized its acquisition of a 40 percent equity interest in ND Western Limited, further diversifying its energy portfolio which spans upstream, midstream, and downstream operations.

Reinforcing its commitment to shareholder returns, the board has declared an interim dividend of N10.00 per share, signaling the company's intention to reward investors even as it actively invests capital.

At N1,000 a share, Aradel now commands a market capitalisation that ranks it among the most valuable companies on the exchange, a notable achievement for what was once a relatively unknown marginal-field operator. Oladehinde Oladipo, a skilled energy analyst, notes that Aradel's rise reflects its strong performance and strategic acquisitions within Nigeria's dynamic energy sector.