Geregu Power

Otedola rallies support for Dangote amid faceoff with authorities

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Otedola rallies support for Dangote amid faceoff with authorities

The chair of FBN Holdings and majority owner of Geregu Power, Femi Otedola, has joined the circle of prominent Nigerians mustering support for Africa’s most affluent man Aliko Dangote, who has been in conflict with authorities over his new refinery business. Mr Otedola, the strongman of Nigeria’s financial and capital markets, recounted the contributions and … Read more

Geregu Power’s half-year profit up 148% on back of increased energy sales

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Geregu Power’s half-year profit up 148% on back of increased energy sales

Geregu Power turned in 148.5 per cent more in net profit for the first half of the year compared to the same period of last year. The company’s position was impacted by increased income from energy sales and, to some extent, capacity charge – the company’s major revenue sources. The feat could mean the synergy … Read more