Geregu Power Shines as NGX’s “Most Compliant Listed Company” for 2023 
Geregu Power Plc has been honored with the Most Compliant Listed Company Award by the Nigerian Exchange Limited (NGX) at its 2024 Made of Africa Awards.
This prestigious accolade recognizes Geregu’s exemplary adherence to NGX’s issuer rules and commitment to transparency. Here’s a closer look at the highlights:
Key Achievements :
1. Compliance Excellence: Geregu maintained flawless regulatory compliance, ensuring timely filings of financial results and corporate disclosures without penalties.
• Filed 2023 audited results on January 30, 2024, and Q1 results on April 9, 2024.
• Hosted annual general meetings ahead of most listed entities.
2. Impressive Financial Growth :
• Profit After Tax: N24.1bn (113% growth YoY).
• Revenue: N112.58bn for nine months, a 102% surge YoY.
• Stock Performance: Share price soared by 188% in 2024 to N1,150/share, with a market capitalization of N2.88tn.
3. Strategic Expansion
:
• Collaborating with Siemens Energy to triple capacity from 435MW to 1,300MW, incorporating renewables (15–20% of capacity).
• Developing Geregu 3 and acquiring Geregu Power Plant II for further energy contributions.
4. Stakeholder Value : Declared an N8.00/share dividend for the 2023 financial year, reflecting its commitment to shareholders.
Industry Leadership :
Under the chairmanship of Femi Otedola, Geregu Power now contributes approximately 10% of Nigeria’s electricity consumption while addressing national grid challenges.
This recognition cements Geregu’s role as a leader in Nigeria’s power sector, driven by innovation, transparency, and impactful growth.
Geregu Power Plc has been honored with the Most Compliant Listed Company Award by the Nigerian Exchange Limited (NGX) at its 2024 Made of Africa Awards.
This prestigious accolade recognizes Geregu’s exemplary adherence to NGX’s issuer rules and commitment to transparency. Here’s a closer look at the highlights:Key Achievements :
1. Compliance Excellence: Geregu maintained flawless regulatory compliance, ensuring timely filings of financial results and corporate disclosures without penalties.
• Filed 2023 audited results on January 30, 2024, and Q1 results on April 9, 2024.
• Hosted annual general meetings ahead of most listed entities.
2. Impressive Financial Growth :
• Profit After Tax: N24.1bn (113% growth YoY).
• Revenue: N112.58bn for nine months, a 102% surge YoY.
• Stock Performance: Share price soared by 188% in 2024 to N1,150/share, with a market capitalization of N2.88tn.
3. Strategic Expansion
:• Collaborating with Siemens Energy to triple capacity from 435MW to 1,300MW, incorporating renewables (15–20% of capacity).
• Developing Geregu 3 and acquiring Geregu Power Plant II for further energy contributions.
4. Stakeholder Value : Declared an N8.00/share dividend for the 2023 financial year, reflecting its commitment to shareholders.
Industry Leadership :
Under the chairmanship of Femi Otedola, Geregu Power now contributes approximately 10% of Nigeria’s electricity consumption while addressing national grid challenges.
This recognition cements Geregu’s role as a leader in Nigeria’s power sector, driven by innovation, transparency, and impactful growth.