Geregu Power board proposes N9 dividend for shareholders

Geregu Power Plc has announced plans to pay a dividend of N9 per ordinary share, following the approval of its audited financial statements for the year ended December 31, 2025.

The company disclosed in a statement issued by its Company Secretary, Gbeminiyi Shoda, on Friday, January 16, 2026.

Shoda noted that the dividend recommendation was made at a board meeting held on Thursday, January 15.

The proposed payout is subject to the approval of shareholders at the company’s upcoming Annual General Meeting.

If endorsed by shareholders, the dividend would mark Geregu Power’s first distribution to investors since its former chairman, Femi Otedola, divested his stake in the power generation firm.

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The board also confirmed the lifting of the closed period earlier imposed on trading in the company’s shares by insiders and their related parties.

According to the statement, the restriction will be lifted 24 hours after the release of the audited financial statements for the 2025 financial year.

Geregu Power had earlier informed investors on December 30, 2025, that the closed period would take effect from January 1, 2026, in line with Rule 17.18(a) of the Nigerian Exchange Limited’s Rulebook (2015, as amended).

The company reiterated that during the closed period, insiders, consultants, and their connected persons are prohibited from trading in Geregu Power’s securities until 24 hours after the audited accounts are made public through the Nigerian Exchange issuer portal.

The Star