Geregu Power Plc

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. Details...

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...