Surprisingly, at the company’s annual general meeting held in Abuja on Tuesday June 30, the Abdul-Aziz Abubakar Yari-led Board of Directors of Geregu Power Plc got shareholders approval to pay this massive dividend.
While a marginal dip in net profit—from N27.43 billion in
Power generation giant Geregu Power Plc pushed its balance sheet to the absolute limit in its 2025 financial year, choosing to aggressively drain its cash reserves to maintain a massive N22.5 billion dividend payout to shareholders despite a squeeze on its bottom line.
Surprisingly, at the company’s annual general meeting held in Abuja on Tuesday June 30, the Abdul-Aziz Abubakar Yari-led Board of Directors of Geregu Power Plc got shareholders approval to pay this massive dividend.
While a marginal dip in net profit—from N27.43 billion in
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Read Full Article by Iheanyi Nwachukwu at businessday.ng
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