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Senator Abdulaziz Yari chairs his first Geregu Power AGM on June 30, six months after a $750 million deal handed Nigeria's most valuable listed power company to a new owner.
Geregu Power reports $29.53 million profit, $130.17 million revenue, and strong dividends under Nigerian businessman Abdulaziz Yari.
Abdul-Aziz Abubakar Yari takes control of Geregu Power as the firm prepares to benefit from a $351 million Federal Government debt repayment.
Wale Tinubu’s post praising Otedola and Elumelu spotlights two late 2025 megadeals and a fast changing pecking order in energy.
The transaction marks a decisive step away from an asset he helped turn into a market bellwether.
Femi Otedola’s Geregu Power posted ₦11.2 billion pre-tax profit in Q3, up 82% year on year as energy sales and capacity payments strengthened.
Geregu Power, led by Femi Otedola, posts steady $57.4 million revenue in H1 2025, showing strength in a tough energy market.
The final dividend for the year ended Dec. 31, 2024, amounts to N21.25 billion ($14.4 million), translating to a payout of N8.5 per share.
This robust result follows a history of consistent financial success, positioning the company at the forefront of Nigeria’s power sector.
Geregu Power, led by Nigerian billionaire Femi Otedola, targets $40 million revenue in Q1 2025 as it builds on robust 2024 performance.
Geregu Power, led by Femi Otedola, wins "Most Compliant Listed Company of the Year" award at the NGX Made of Africa Awards.
Otedola’s $2.25-million donation to Augustine University in Lagos bolsters his legacy in education and philanthropy.
Total assets rose 21 percent to N221.09 billion ($136.4 million), reflecting strong growth and strategic investments under billionaire Femi Otedola's leadership.
FBN Holdings, led by Femi Otedola, is selling its 100-percent stake in FBNQuest Merchant Bank to streamline operations and focus on core banking.
Geregu Power’s impressive forecast is bolstered by its plans to expand total capacity from 435MW to 1,200MW.