Geregu drains cash reserves for N22.5bn dividend amid squeezed profit

    Iheanyi Nwachukwu | Top Stories | Jun 30, 2026    
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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.

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