How to buy Geregu Power shares in Nigeria
Getting started as a local or diaspora investor
You must open a trading account with a licensed Nigerian stockbroker to invest in Geregu Power Plc (ticker: GEREGU), listed on the Nigerian Exchange (NGX). Geregu is known for its strong fundamentals and strategic ownership—investors include billionaire Femi Otedola and institutional powerhouses like the Nigerian Sovereign Investment Authority (NSIA).
Choose a licensed NGX broker. For digital onboarding, Options include ARM Securities, Meristem, or Chaka. Diaspora Nigerians can use platforms with international access.
Open and fund your account: Fund your Naira-based account via transfer, USSD, or card. Account creation typically takes 1–3 business days with valid ID and BVN.
Search for “GEREGU” on your broker’s platform: Place a buy order at the current market price or set a limit order for your desired entry point.
Monitor NGX trading times: Market hours are Monday to Friday, 10:00 AM to 2:30 PM WAT. Orders can be placed in advance.
Track your investment: Use broker dashboards or NGX’s official website to track share performance, dividends, and market updates.
Understanding Geregu’s role in Nigeria
Geregu operates a 435MW power plant in Kogi State and is one of Nigeria's few listed energy generation companies. Its operations align with national energy goals—reliable power supply, infrastructure development, and private-sector-led efficiency. Nigeria’s electricity access rate remains under 60%, giving Geregu significant room for expansion, especially through capacity upgrades and export opportunities via the West African Power Pool (WAPP).
Femi Otedola’s strategic stake and the firm’s partnership with the NSIA and Afreximbank signal long-term growth and public-private synergy. As energy reforms deepen in 2025, Geregu is well positioned to benefit from tariffs that reflect actual costs and boost revenue stability.
The Nigerian Stock Exchange was initially founded in 1960 as the Lagos Stock Exchange. The exchange is the oldest existing stock exchange in West Africa.
Why Geregu Power is a rising stock
Strong financial results and dividend growth
In its 2024 full-year results, Geregu reported a revenue of ₦82.9 billion, with profit before tax hitting ₦22.1 billion—a 45% jump year-on-year. Net profit stood at ₦17.5 billion, translating to an earnings per share (EPS) of ₦7.32. Its payout ratio remains healthy, with a dividend of ₦8.00 declared for FY2024, yielding around 9.5% based on the early April 2025 share price of ₦84.00.
Unlike many energy firms, Geregu’s operations are vertically integrated with plans for gas sourcing autonomy—reducing dependency on unreliable third-party providers. This could improve margins in future earnings reports.
Dividend history: Geregu has consistently paid dividends since its listing, attractive for income-focused investors.
Institutional interest: NSIA owns
Geregu Power Plc is one of Nigeria’s most promising listed energy stocks, combining strong financials, influential shareholders, and a strategic role in power generation. This guide explains how to buy Geregu shares on the NGX, offers insights into its profitability and dividend policy, and gives Nigerian investors—home and abroad—actionable steps for participation in the power sector’s growth.