Clifford Chance advises on US$250 million financing for Aradel Energy’s acquisition of 40% stake in ND Western

Global law firm Clifford Chance has advised Standard Bank and Stanbic IBTC Bank on a US$250 million financing to support Aradel Energy Limited’s acquisition of a 40% interest in ND Western Limited.

The acquisition gives Aradel, a leading indigenous energy company, a controlling interest in ND Western and, indirectly, in Renaissance Africa Energy Company Limited. This strategic transaction strengthens Aradel’s position in Nigeria’s upstream oil and gas sector, enhances its operational scale, and supports improved efficiency across its asset portfolio.

The Clifford Chance team was led by partner Olamide Oladosu with support from senior associate Ope Osinubi, and associates Doyin Kazeem, Seika Osafune, and Amelia Seymour.