
Adegbite Falade-led Aradel commits $20 million to Chappal Energies acquisition
The move is part of a broader plan to diversify its operations and build a stronger presence in Nigeria’s energy sector.
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.