Aradel general counsel Titilola Omisore sells $4.7 million stake as shares slide 37%

Titilola Omisore, company secretary and group general counsel of Nigerian integrated independent energy producer Aradel Holdings, has sold 5 million shares in the company for N6.38 billion ($4.7 million), according to a regulatory filing. The transaction was completed on June 25 on the floor of the Nigerian Exchange (NGX) at an average price of N1,275 per share, the company said in an insider dealing notification dated July 2.

The filing, submitted as an insider notification, did not disclose why the shares were sold. As company secretary and group general counsel, Omisore is classified as an insider under market disclosure rules. The filing showed the transaction involved the sale of 5 million Aradel shares valued at N6.375 billion ($4.65 million). The shares were sold through the Nigerian Exchange in Lagos, with the disclosure made by Aradel’s Compliance and Company Secretariat.

Aradel shares tank 37% amid strong financials

The transaction comes at a time when Aradel’s share price has weakened despite a sharp improvement in financial performance. The stock has declined about 37 percent in less than two months, cutting the company’s market cap to $4 billion. Even with that pullback, Aradel has continued to report stronger earnings while increasing cash returns to shareholders.

This is reflected in its latest dividend proposal. The board has recommended a final dividend of N23 ($0.016) per share for the 2025 financial year, totaling N99.93 billion ($73.4 million). Combined with the interim dividend of N10 ($0.0073) per share paid earlier, shareholders would receive N143.4 billion ($105.3 million) if approved. This follows stronger revenue and profit, driven by higher production and contributions from recently acquired assets. 

Aradel’s profit skyrockets on upstream consolidation

The company’s earnings also point to the scale of that growth. For the year ended Dec. 31, 2025, Aradel reported profit after tax of N757.3 billion ($555.7 million), up from N259.1 billion ($190.1 million) a year earlier. The strong performance carried into 2026 as the company reported its first full quarter with recently acquired upstream assets included in its results under an expanded corporate structure.

Profit after tax for the three months ended March 31 climbed 252 percent to N120.3 billion ($90 million) from N34.2 billion a year earlier. Revenue rose 265 percent to N728.5 billion ($533.2 million), helped by higher production and the consolidation of ND Western and Aradel’s majority interest in Renaissance Africa Energy Company into its financial statements.

Omisore’s two-decade corporate governance legacy

Omisore has been part of Aradel’s leadership team for more than two decades. She joined the company in 2001 after serving as a partner at Strachan Partners and has advised on the company’s legal, governance and corporate finance matters throughout its growth. According to Aradel, she has worked on acquisitions, joint venture partnerships in Nigeria and abroad, equity fundraising and other significant corporate transactions.

In addition to her role, Omisore serves on the boards of several Aradel subsidiaries and its affiliate, ND Western. She holds a bachelor’s degree in political science from the University of Illinois, an LLB from the University of Buckingham, a Bachelor of Law qualification from the Nigerian Law School and a master’s degree in tax law from King’s College London.