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Tag: Geregu Power PLC

Business

Geregu Power, Siemens energy partner to expand power plant capacity

Nigeria’s foremost power generation solutions provider, Geregu Power Plc and Siemens Energy have partnered to expand the capacity of the Geregu 1 power plant in the country. This was disclosed in a notice, the company filed with the Nigerian Exchange Limited on Friday. The collaboration formalized through a Memorandum of Understanding (MoU) signed in Berlin […]

Electricity

Geregu Power shareholders approve N20 billion dividend

The shareholders of Geregu Power Plc voted in favour of a declared dividend amounting to N20 billion. The approval of the dividend which was given at the company’s 12th Annual General Meeting (AGM) in Lagos translates into N8.00 per Ordinary Share of 50 kobo each, according to nairametrics. According to the company, the dividend will […]

Investors purchase Geregu shares for N14bn
Business

Investors purchase Geregu shares for N14bn

40 million shares of Geregu Power Plc, worth at about N14.57 billion, were traded in three trading sessions this December in three cross-deals involving the company’s largest shareholder, Amperion Power Distribution Company Limited. The PUNCH reported that according to insider trading notices issued by the Nigerian Exchange Limited on Thursday, the transactions occurred in Lagos on […]

Amperion Power Distribution Company Limited,
Business

Geregu majority shareholder sells one million shares

Geregu Power Plc’s biggest stakeholder, Amperion Power Distribution Company Limited, has sold one million units in a cross-deal stock sale. The Punch reported that this transaction happened on Monday, according to a corporate notice that was submitted to the Nigerian Exchange Limited on Wednesday. Geregu Power Shares valued at N399 per unit were traded for one million units, […]

Investors purchase Geregu shares for N14bn
Business

Geregu Power records N6.9bn pre-tax profits for Q2 2023

Geregu Power Plc has issued its unaudited 2023 second quarter reports, which indicate pre-tax profits of N6.9 billion. According to The Times, this compares to a pre-tax profit of N5.3 billion reported for the same period in 2022. The quarter’s revenue was N20.4 billion, up from N15.2 billion in the equivalent quarter of 2022. However, […]

Banking

Afreximbank purchases 5% of Geregu Power shares

Afreximbank has completed the acquisition of five per cent of the shares of Geregu Power Plc. According to The BusinessDay, the purchase was made through its subsidiary – Fund for Export Development in Africa. FEDA is the impact development arm of the Africa Export and Import Bank. “Today, February 21, 2023, the company secretary for […]

Stock market
News

Geregu’s 2.5bn shares list on Nigerian Stock Exchange

Beginning from 5 October, 2022, shares of Nigeria’s leading Electricity Power Plant, Geregu Power PLC will become available for public purchase. According to Nairametrics, this is coming following the listing of Geregu Power PLC on the Main Board of Nigerian Exchange by way of introduction. Geregu Power will be listing 2.5 billion ordinary shares of […]