Nigerian businessman Ufoma Immanuel’s Chappal Energies closes $430 million oil financing
Chappal Energies closes $430 million financing to boost Nigerian oil operations and support field development.
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Chappal Energies closes $430 million financing to boost Nigerian oil operations and support field development.
The move is part of a broader plan to diversify its operations and build a stronger presence in Nigeria’s energy sector.
Chappal Energies seeks new investors to fund expansion following significant acquisitions in Nigeria.
The Nigerian federal government approved the divestment on October 21, 2024, enabling Chappal to take control of ENEC through Project Odinmim.