Geregu Power Plc has approved to pay its shareholders a dividend of N8 per ordinary share of 50k each, totaling N20 billion. Mr Akinleye Olagbende, General Counsel, Geregu Power, said this in the resolution of the company’s 12th Annual General…
Geregu Power Plc has crossed the N1 trillion market capitalisation level, joining the SWOOT group for the first time. At the close of trading on January 15, 2024, the only power company listed on the NGX appreciated 7.52 percent to…
Geregu Power Plc has witnessed a robust trading period, according to its latest corporate disclosure on insider dealing. In a display of market confidence, the company revealed a majority shareholder has completed a series of share sales totaling 40 million…
Geregu Power Plc said it has projected to generate N15.135 billion in revenue for the third quarter ending September 2023. This is contained in its Q3 2023 earnings forecast released via the Nigerian Exchange (NGX). The power firm is also…
Nigerian Exchange Limited (NGX) has commended the Chairman, Geregu Power Plc, Mr Femi Otedola, CON, and the firm’s Board for instituting best practices in corporate governance and playing a leading role in the country’s power sector. This was at the…
Two brothers of Femi Otedola, have acquired more shares in Geregu Power Plc. Two separate letters signed by the secretary of Geregu Power plc, Akinleye Olagbende, and titled: “Notification of share dealing by an Insider” were sent to the Nigerian…
Shares of Geregu Power Plc, Nigeria’s only listed electricity company surged in early trading on Thursday to N216.5 as investors scrambled to own the stock. The company shares have now gained 61per cent in one week after it opened at…
By Philemon Adedeji Geregu Power plc in its unaudited nine months ended September 30, 2022 has reported drop in profit amid weak revenue and interest rate on Interest expense on bank loan and Interest expense on medium term bond. The…
Geregu Power Plc, the first and only power generating company to list on the Nigerian Exchange Limited, has displayed its adherence to post-listing obligations by filing its nine months results ended September 30, 2022. The results showed a revenue of…
By Philemon Adedeji Despite a sustained bearish market occasioned by the build-up to the 2023 general elections and interest rate hike, a leading power generation company Geregu power plc (Genco) in Nigeria gained total sum of N25 billion in first…
