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Geregu

Cost Of Borrowing Pulling Down Geregu’s Profit

Despite a double-digit growth in Geregu Power’s top line, the company’s bottom line declined amid rising interest payments on its borrowings. Prime Business Africa gathered that Geregu’s revenue grew by 34.86 percent to N184.93 billion in 2025, rising from the N137.12 billion

February 11, 2026

Femi Otedola Issues New Statement After Reports Of Transcorp Plc Acquisition

Business·Top Stories

Otedola Buys 369.98m First HoldCo Shares — After Taking Out N14.8bn From Geregu Investment

Femi Otedola, the chairman and majority shareholder of First HoldCo, has increased his stake in the financial institution by buying 369.98 million shares on Thursday, December 18. According to First HoldCo’s notification of share dealing by an insider, Otedola paid N14,82 billion,

December 19, 2025

Business·Top Stories

Otedola Reduces Stake In Geregu — Third Time In Three Months

Femi Otedola, the chairman and majority shareholder of Geregu, has reduced his stake in the power-generating company, as he sold 4.29 million shares via a cross-deal stock transaction on November 11. Prime Business Africa gathered that Otedola sold the 4.29 million shares

November 21, 2025

Business·Top Stories

Femi Otedola Loses N27.8bn As Investments In First HoldCo, Geregu Fall

Femi Otedola, the chairman of Geregu Power and First HoldCo, has lost a total of N27.8 billion year-to-date, according to an analysis of his stock market investments by Prime Business Africa. The billionaire started the year with a net worth of N2.36

May 9, 2025

Business

Femi Otedola Sells 5% Of Geregu Power To Africa’s Supranational Bank

Africa Export and Import Bank (Afreximbank), a supranational bank, has acquired a five per cent stake in the electricity-generating firm, Geregu Power Plc, owned by Femi Otedola. According to a document released dated February 21, 2023, Africa Export and Import Bank bought

February 23, 2023

Business·Markets

Equity Investors Earn N68.76 billion, As Stock Market Recovers

Investors made N68.76 billion on Wednesday, 22 February 2023, after the Nigerian stock market grew by 0.23 per cent. The gain raised the market capitalisation up to N29.58 trillion from N29.51 trillion. Similarly, the All-Share Index appreciated by 126.22 basis points, rising

February 22, 2023

Business·Markets

Geregu, Veritas, Other Shareholders Pocket N44.03 billion As Bourse Rises By 0.15%

Nigerian bourse rose by 0.15 per cent on Tuesday, 31, January 2023, adding N44.03 billion to the stock market capitalisation. It lifted the equity valuation up from N28.95 trillion to N28.99 trillion. This was reflected in the All-Share Index which closed at 53,238.67

January 31, 2023

Business·Markets

Stock Market Investors Gain N83.50 billion, As Demand For Geregu, Wapic, Others Grow

The market capitalisation closed at N28.73 trillion on Thursday, 26 January 2023, after the Nigerian bourse rose by 0.29 per cent or N83.50 billion from N28.64 trillion. The growth was driven by the 153.31 basis points gained by the All-Share Index which appreciated from

January 26, 2023

Bulls Charge Ahead As NGX Shatters Records As Market Cap Surpasses N50trn

Business·Markets

Stock Market Cap Hits N28.68 trillion, Geregu, Others Record Growth

The market capitalisation of the Nigerian bourse rose by 0.11 per cent or N34.32 billion on Monday to close at N28.68 trillion, against the previous trading session’s N28.64 trillion. It followed the path of the All-Share Index which climbed to 52,657.69 after adding

January 23, 2023

NGX: Investors Gain N313bn As ASI Rebound By 0.70%

Business·Markets

Investors Pocket N124.46 billion After One Day Stock Trading

On Wednesday, the Nigerian bourse appreciated by 0.4 per cent, adding N124.46 billion to stock investors’ vault. The gain was recorded on return from Christmas break and public holiday of Monday and Tuesday. Following the gain, the market capitalisation increased to N27.19

December 28, 2022

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Geregu

Cost Of Borrowing Pulling Down Geregu’s Profit

Otedola Buys 369.98m First HoldCo Shares — After Taking Out N14.8bn From Geregu Investment

Otedola Reduces Stake In Geregu — Third Time In Three Months

Femi Otedola Loses N27.8bn As Investments In First HoldCo, Geregu Fall

Femi Otedola Sells 5% Of Geregu Power To Africa’s Supranational Bank

Equity Investors Earn N68.76 billion, As Stock Market Recovers

Geregu, Veritas, Other Shareholders Pocket N44.03 billion As Bourse Rises By 0.15%

Stock Market Investors Gain N83.50 billion, As Demand For Geregu, Wapic, Others Grow

Stock Market Cap Hits N28.68 trillion, Geregu, Others Record Growth

Investors Pocket N124.46 billion After One Day Stock Trading

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