The firm two month ago debuted on the Nigerian Exchange, listing 2.5 billion shares that carried a cumulative market value of N250 billion at listing. That was the first time an electricity company would have a separate listing on the bourse.
Owned by billionaire mogul Femi Otedola, Nigeria’s one-time third richest man, Geregu Power came close to reporting a half jump in net profit for the 2022 financial year after