Nigerian businessman Ufoma Immanuel’s Chappal Energies closes $430 million oil financing

Billionaires Africa | 20.12.2025 03:28
Chappal Energies, a Mauritius-based energy company led by Nigerian business executive Ufoma Immanuel, has closed a $340 million senior secured reserve-based lending facility arranged by a group of international and African lenders, the company said Thursday. The financing was completed through its subsidiary, Chappal Investments Ltd.