Geregu Power Plc has confirmed it has commenced discussions with relevant stakeholders and advisers to resolve concerns surrounding its N40.09 billion bond repayment obligations, following a default on its latest coupon and principal payments. The company defaulted on the eighth coupon payment and fourth bullet principal repayment of its N40.09 billion Series 1 Senior Unsecured …
Geregu Power Plc has appointed Mr Sean Manley as its Interim Chief Executive Officer, effective February 2, 2026. In a notice to the Nigerian Exchange Limited (NGX) and the investing public, the Board of Geregu Power Plc said the appointment is subject to the approval of the Nigerian Electricity Regulatory Commission (NERC) and the shareholders …
Geregu Power Plc and its counterpart in the generation and sales of electric power, Transcorp Power Plc, saw revenues grow year-on-year to ₦439.97 billion in the third quarter (Q3) of the year. The two-generation companies (GenCos) stated in their unaudited Q3 financial results for the period ended September 30, 2025. Their revenues grew by 30.91 …
