Geregu Power board proposes N9 dividend payment

By Abubakar Yunusa

The board of directors of Geregu Power Plc has recommended a dividend payment of N9 per ordinary share.
According to a statement signed by Gbeminiyi Shoda, the company secretary, the board also approved the organisation’s audited financial statements for the year ended December 31, 2025.
The approval was granted at a board meeting held on January 15, 2026.
“Recommendation of the payment of N9.00 per ordinary share as dividend, subject to shareholders’ approval at the Annual General Meeting,” the statement reads.
If approved, it would be the first dividend payment to investors since Femi Otedola, Geregu’s ex-chairman, offloaded his stake in the company.
Geregu Power also announced that the closed period earlier communicated for trading in the company’s shares by insiders and their connected persons will be lifted 24 hours after the release of the audited financial statements and accounts for the year ended December 31, 2025.
On December 30, 2025, the company notified investors that the closed period for trading in its shares will commence on January 1, 2026.
Geregu Power said the restriction is in accordance with provisions of 17.18(a) of the closed period rules contained in the rule book of The Exchange, 2015 (as amended).
The company added that no insider, consultant, or their connected persons may directly or indirectly deal in the company’s securities until 24 hours after the audited financial statements and accounts are released through the issuers’ portal of the Nigerian Exchange Limited and to the public.