Aradel has reported a pre-tax profit of N753 billion, driven by record revenue from the ongoing oil boom.
The result highlights the continued strength of Nigeria's energy sector as a primary engine for the broader market rally.
The announcement comes as the Nigerian Exchange (NGX) continues to post strong performance metrics.
Market capitalization reached N159 trillion in late July, supported by sustained institutional buying across core sectors.
Aradel's financials provide a concrete fundamental basis for the optimism that has characterized the market this year.
Investors in the Nigerian equities market have realized gains of N58.97 trillion during the first seven months of 2026.