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GEREGUIndustrial Goods

Geregu Power Plc

₦1,142
▼ 0.0%+95% YTD
≈ $0.82 · Forex rate

Key stats

Market cap
₦1,100B
P/E ratio
5.0x
Dividend yield
4.2%
52-week range
₦400 – ₦1,200
Founded
2007
Listed
2022
Board
Main Board
Industry
Electric Power Generation
HQ
Ikoyi, Lagos
CEO
Akin Akinfemiwa
Shares
2.5B
ISIN
NGGEREGU0007

Key milestones

2007
Geregu Power Plant commissioned by Federal Government
2013
Privatized — acquired by Amperion (Otedola)
2022
Listed on NGX at ₦100 per share
2024
Annual generation crossed 3,000 GWh
2025
Dividend yield reached 4.2% — top tier in NGX
2026
Share price hit ₦1,141.50 — 11x since IPO

Why Lagosian dey care about GEREGU

Geregu Power na Nigeria first private power generation company for NGX. Femi Otedola own 80%. Di 435 MW power plant for Kogi feed national grid wey reach Lagos. Every NEPA Band A bill for Lagos contain small money wey flow back to Geregu. Stock list for ₦100 (October 2022) and don reach ₦1,141.50 — 11x return for 4 years.

About di company

Geregu Power dey operate 435 MW gas-fired power plant for Kogi State. Femi Otedola buy am during privatization for 2013 and consolidate am under Amperion Power. Dem list for NGX for October 2022 at ₦100. Plant generate about 3,200 GWh per year — 4% of Nigeria total grid electricity.

Business segments

1.Power Generation (435 MW Geregu I gas-fired plant)
2.Power Sales to NBET (regulated tariff)
3.Future: Geregu II expansion (450 MW)
📈 Why buy

First-mover advantage in NGX-listed power. Stable PPA revenue model. 4.2% dividend yield attractive in low-yield environment. Geregu II expansion could double capacity. Otedola's deal-making track record.

📉 Why fear

Gas supply reliability — disruptions cut generation. Tariff disputes with NERC. Single-asset concentration risk. National grid collapses (2024-2025 events) disrupt revenue.

Key risks

  • ⚠Gas supply disruption
  • ⚠NERC tariff disputes
  • ⚠National grid collapses
  • ⚠Single-asset concentration risk
  • ⚠Forex risk on equipment imports

Trading activity — past 3 months

Geregu Power has had relatively low trading volume — typical of single-asset power utilities. GEREGU traded 12 million shares in 18,000 deals valued at ₦13 billion over the past three months, averaging 190,000 shares per session. The stock has shown strong price appreciation despite low volume.

Industrial Goods sector — GEREGU dey rank 3 of 5

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Frequent Question

GEREGU (Geregu Power Plc) na trading at ₦1,141.5. Up 0.00% today, +95% YTD.

Important Disclaimer

Stock prices wey dey dis page dey delayed by at least 30 minutes and na for informational purposes only. Lagos.cool NO be licensed stockbroker, investment advisor, or securities dealer. We no dey buy, sell, or recommend any securities.

Past performance no be guarantee for future result. Stock price fit go down as e fit go up, and you fit lose some or all of your investment. Always consult licensed stockbroker or financial advisor before you make investment decision.

Data dey come from di Nigerian Exchange (NGX) and public corporate disclosure.