Geregu Power Plc has significantly depleted its cash reserves to maintain a N22.5 billion dividend payout for the 2025 financial year, despite facing squeezed profit margins.
The power generation company’s decision to prioritize shareholder returns over balance sheet preservation marks a stark contrast to the broader risk-off sentiment currently gripping Nigerian equities.
64 trillion in value recently as investors accelerated capital flight ahead of the country’s upcoming general election.
The move comes as Nigerian markets have suffered a sharp decline, shedding N3.64 trillion in value recently as investors accelerated capital flight ahead of the country’s upcoming general election.
The rout has been broad-based, reflecting deepening concerns over political uncertainty and macroeconomic stability.
Geregu’s aggressive dividend policy stands out in an environment where corporate liquidity is increasingly under pressure.
The generator’s financial posture also diverges from trends in the financial sector, where combined profits at Nigeria’s largest lenders dropped 16.4% in 2025 to $2.24 billion.