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    Monday, July 13

    Geregu Power Sheds 10%, Investors Reduce Holdings Ahead of Q2

    Olu AnisereBy News No Comments1 Min Read
    Geregu Power Sheds 10%, Investors Reduce Holdings Ahead of Q2

    Geregu Power Sheds 10%, Investors Reduce Holdings Ahead of Q2

    Geregu Power Plc lost 105 of its market value on the Nigerian Exchange (NGX) as investors reduced holdings ahead of the earnings release.  

    The power generating company’s share price fell to N825.70 at the close of the trading session on Friday amid thin trading activity.

    The market noticed a one-off, high volume transaction led by sell-side actors, which plunged the company’s market value by 10% on Thursday.

    Geregu Power has been relatively stable since its ex-chairman, Femi Otedola, exited positions in the company. The company’s 2.5 billion outstanding shares in the local stock market were valued at N2.064 trillion, down 10%.

    Ahead of the second quarter 2026 earnings release, the company has projected a net profit of N0.413 billion for the July to September period.

    The market anticipates Q2 earnings to be the next catalyst for the company’s re-rating, as it has gone cold and quiet on the local bourse in recent times – traded against the trend.

    FX Spot, Derivatives Markets Turnover Sinks by 47%

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    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

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