A closer examination of debt performance reports published by FMDQ Securities Exchange has drawn attention to cases in which payments were reportedly completed weeks after their stated maturity dates, as well as an entry whose dates appear inconsistent.
Geregu Power Plc revenue fell 78.71 percent to N18.66 billion in the first half of 2026 from N87.63 billion a year earlier, while profit after tax plunged 87.65 percent to N2.50 billion from N20.28 billion.
The revelation of Geregu Power Plc default on its bond obligations shocked Nigerians when it became public in late July 2026. Consequently, the FMDQ Securities Exchange -- the market infrastructure provider -- identified Geregu’s N409.09 billion senior unsecured bond as being in "credit default" early August.
January 21, (THEWILL) — Geregu Power Plc’s board has proposed a ₦9 per share final dividend, translating to a ₦22.5 billion payout for the 2025 financial year, even as the company contends with thinner margins and weaker cash...
December 30, (THEWILL) — Billionaire investor and chairman of Geregu Power Plc, Femi Otedola, has divested a 77 percent equity stake in the power generation company, significantly reducing his ownership in one of Nigeria’s largest publicly listed power assets.
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December 30, (THEWILL) — Former Zamfara State governor, Senator Abdulaziz Yari, has been appointed as chairman of Geregu Power Plc, following a major ownership restructuring that led to the exit of billionaire investor, Femi Otedola, from the power...
About two months after THEWILL reported that Geregu Power, a power generating firm promoted by businessman and investor, Femi Otedola was having acquisition talks with investors, the company has successfully sold five per cent equity stake to Fund for...
