Results for "Geregu Power"

A curated archive section tracking news and financial updates related to Geregu Power stocks published by The Guardian Nigeria.

Geregu Power Plc has successfully paid the eighth coupon and a portion of the principal on its N40.1 billion Series 1 Fixed Rate Bond, thereby resolving a recent credit default issue.

Geregu Power Plc has moved to reassure stakeholders regarding its bond repayment obligations, stating it is reviewing financial commitments and remains committed.

Femi Otedola has divested his stake in Geregu Power, announcing his intention to invest in the upcoming Dangote Refinery IPO. He described the refinery project as transformative for Africa’s economy.

An opinion piece raises questions about fiscal governance, specifically regarding a senator's reported ₦6 billion debt repayment to a company he is invested in, and how such transactions should be taxed.

Senator Abdul’aziz Yari Abubakar, Chairman of Geregu Power Plc, has reassured investors and stakeholders of the board's commitment to fulfilling the company's financial obligations.

Investors in Geregu Power Plc are concerned after the company defaulted on its N40.09 billion Series 1 Senior Unsecured Bond, missing a semi-annual coupon payment, amidst an 88% plunge in its earnings.

Geregu Power announced a significant N60.7 billion equity growth and a strategic reduction in company debt for the first quarter of 2026, indicating a strong financial start to the year.

Senator Abdul’aziz Abubakar Yari, Chairman of Geregu Power Plc, has committed to personally provide funds to cover the company's immediate outstanding bond obligations, aiming to protect bondholders.

Geregu Power has announced the appointment of Mr. Jaoji as its new acting CEO, succeeding Mr. Manley, with the board expressing confidence in Mr. Jaoji to strengthen the company's governance structure.

Billionaire tycoon Femi Otedola stated that the proceeds from the sale of his Geregu Power Plant stake were invested in Dangote Refinery ahead of its planned public offering.