Aradel commits $20m to Chappal Energies deal, as Q1 revenue nearly doubles

Aradel Holdings Plc, a Nigerian-owned integrated energy company, has allocated $20 million in restricted cash for the acquisition of Chappal Energies, a move that signals its continued push to strengthen its footprint in the domestic energy landscape. The funding commitment was disclosed alongside the company’s unaudited financial results for the first quarter of 2025, which [...]The post Aradel commits $20m to Chappal Energies deal, as Q1 revenue nearly doubles appeared first on Nigerian NewsDirect.

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