GEREGU · Utilities / Power Generation — NGX-listed company profile

Geregu Power Plc

An evergreen share profile for investors researching how to buy Geregu Power (GEREGU) shares on the Nigerian Exchange. Covers the power generation business model, sector risks, dividends, and how to begin research.

Important disclaimer

This page is for general information only. It is not financial advice and it is not a recommendation to buy, sell, or hold any shares. The value of investments can go up as well as down.

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Company overview

Geregu Power Plc is listed on the Nigerian Exchange under the symbol GEREGU. It is a gas-fired power generation company and one of the largest thermal power plants in Nigeria by installed capacity. Geregu Power was privatised as part of the Nigerian government's unbundling of the Power Holding Company of Nigeria (PHCN) in 2013, and its power plant is located in Ajaokuta, Kogi State. The company listed on the NGX in October 2022 in one of the largest listings by market capitalisation on the exchange in recent years, attracting significant investor attention to the power generation sector. Geregu is controlled by Femi Otedola, a prominent Nigerian businessman.

What Geregu Power Plc does

Geregu Power generates electricity using gas turbines and sells power to the Nigerian Bulk Electricity Trading company (NBET) and eligible customers under power purchase agreements (PPAs). Revenue is driven by the volume of electricity generated (measured in megawatt-hours), the tariff rates under its PPAs, plant availability and capacity utilisation, and gas supply reliability. The power generation business in Nigeria operates within the Single Electricity Market framework regulated by the Nigerian Electricity Regulatory Commission (NERC). Gas supply from pipelines to fuel the turbines is a critical operational input, and disruptions to gas supply directly reduce generation output.

What this profile is helping you evaluate

People researching Geregu Power shares are typically interested in Nigeria's power sector as a structural growth opportunity, exposure to electricity generation as a critical infrastructure business, or the high-profile listing and its significance as a large-cap addition to the NGX. Geregu is one of the few listed power generation companies on the Nigerian Exchange, giving it a distinct profile.

Review the official NGX company profile for GEREGU to confirm listing details and recent financial results announcements and regulatory filings.

Read Geregu Power's annual reports and results to understand generation volumes, plant availability, capacity utilisation rates, tariff rates under PPAs, gas supply performance, and revenue and margin trends.

Assess Nigeria's power sector policy environment: NERC tariff reviews, NBET payment performance, gas pipeline availability and pricing, and the pace of the Nigerian electricity market privatisation and reform process.

Risks to understand before buying shares

Gas supply risk: Geregu Power depends on pipeline gas to fuel its turbines. Gas supply disruptions — from pipeline vandalism, maintenance, or supply shortfalls — directly reduce generation output and revenue.
Payment and offtake risk: revenue depends on NBET and eligible customers paying promptly under PPAs. Delays or defaults in payment from electricity off-takers can affect cash flow.
Regulatory risk: tariff rates are subject to NERC review and approval. Adverse tariff determinations can affect revenue per megawatt-hour.
Policy risk: the Nigerian power sector reform process involves multiple government agencies and is subject to policy changes that can affect operating conditions.
The value of shares can rise or fall. Past performance of GEREGU is not a guide to future returns.

Dividends

Geregu Power listed on the NGX in October 2022. Its dividend history as a listed company is relatively short. Investors should review the latest NGX filings and annual reports for current dividend policy and any payout announcements.

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Stock profile

Geregu Power Plc

GEREGU · NGX

›Listed on the Nigerian Exchange in October 2022 under the symbol GEREGU
›Sector: Utilities / Power Generation
›Gas-fired thermal power plant located at Ajaokuta, Kogi State
›Privatised in 2013 as part of the PHCN unbundling
›Controlled by Femi Otedola; one of the largest NGX listings by market cap at IPO

Use the official NGX source page to confirm the current listing status, company announcements, and public information.

NGX Listing Page ↗Company IR Page ↗

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Not financial advice

This page is for general information only. It is not financial advice and it is not a recommendation to buy, sell, or hold any shares. The value of investments can go up as well as down.

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This page is for general information only. It is not financial advice and it is not a recommendation to buy, sell, or hold any shares. The value of investments can go up as well as down.

Frequently asked questions

What does Geregu Power Plc do?

Geregu Power generates electricity at its gas-fired thermal power plant in Ajaokuta, Kogi State, and sells power to the Nigerian Bulk Electricity Trading company and eligible customers under power purchase agreements.

What is the NGX ticker symbol for Geregu Power?

Geregu Power trades on the Nigerian Exchange under the symbol GEREGU.

When did Geregu Power list on the NGX?

Geregu Power Plc listed on the Nigerian Exchange in October 2022, in one of the largest listings by market capitalisation on the exchange in recent years.

Why do investors research Geregu Power shares?

Investors research Geregu Power for exposure to Nigeria's power generation sector, electricity infrastructure as a critical long-term need, and participation in the privatised power sector as one of the few listed generation companies on the NGX.

Does Geregu Power pay dividends?

Geregu Power listed in 2022, so its dividend history as a public company is limited. Investors should review the latest NGX filings and company announcements for current dividend policy.

Is this page financial advice or a recommendation to buy Geregu Power shares?

No. Shares Saver publishes these company profile pages for general educational information only. They are not financial advice and they are not a recommendation to buy, sell, or hold any shares.

Where can I find the official Geregu Power listing on the NGX?

Use the official NGX company detail page for GEREGU to verify listing information, public disclosures, and recent announcements.

How can I buy Geregu Power shares through Shares Saver?

Shares Saver works with regulated NGX stockbroker partners. Create a free account, complete identity verification, and place a share purchase instruction for GEREGU. Shares are registered in your own name via the CSCS.

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Research resources

Start with the official NGX company page for the listing record and announcements, then visit the company's own investor relations site for annual reports, results, and dividend history.

NGX Listing Page Company IR Page ↗

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