The board of directors of Geregu Power Plc has proposed a dividend of N9 per ordinary share.

In a statement signed by company secretary Gbeminiyi Shoda, the board also approved the company’s audited financial statements for the year ended December 31, 2025.

The approvals were made during a board meeting on January 15, 2026.

“Recommendation of the payment of ₦9.00 per ordinary share as dividend, subject to shareholders’ approval at the Annual General Meeting,” the statement reads.

If approved, this would mark Geregu Power’s first dividend to investors since former chairman Femi Otedola sold his stake in the company.

The company also stated that the previously announced closed period restricting insider and connected-person trading will be lifted 24 hours after the release of the audited financial statements for the year ended December 31, 2025.

On December 30, 2025, Geregu Power informed investors that the closed period for trading its shares would begin on January 1, 2026.

The company noted that the restriction is in line with Section 17.18(a) of the closed period rules in the 2015 (as amended) rulebook of The Exchange.