NGX listed Aradel Plc reported 42.6% increase in revenue for its refined products in the first half of 2025 compared with the revenue in 1H 2024..
The increase in income from the Ogbele refinery to ₦116.5Billion had happened despite the emergence of the mammoth 650,000Barrels per stream day (BPSD) BPSD Dangote Refinery which started operation in Lagos in February 2024.
“Ours is a captive market”, declared Gbite Falade, Aradel Plc’s Chief Executive Officer (CEO). “We are not rigid. We review our business every week and our customers have stuck with us. We have not lost anyone of them”.
There were higher sales volume of 165.3Million lltres of Diesel, Naphtha, Kerosene, Marine Diesel and Aviation fuel produced from the company’s modest, 11,000BPSD refinery, 43.1Millilon litres of products over the 122.2Million litres sold in the first half of 2024.
Out of 15,508Barrels of Oil Per Day crude output, Aradel pumped…
