Chai! Omo, this one na correct wahala wey don turn good news! MA’AM Energy Limited don snatch majority share for Geregu Power Plc, wey be one of the power companies wey dey listed for Nigerian Exchange Limited. People wey dey look this deal from afar dey yan sey e go sharp the power sector for Naija!
Geregu Power board don talk say Amperion Power Distribution Company Limited, wey be the major shareholder before and na Femi Otedola wey get am, don restructure ownership since December 29, 2025. MA’AM Energy no dey joke as dem carry 95 percent equity interest for this matter. Dis one mean say dem fit control Geregu Power well well!
Though the deal no involve the direct sale of Geregu Power shares, the change wey happen for the majority shareholder don re-shuffle the game, giving dem indirect control of 77 percent of Geregu Power shares. The whole transaction fresh down well at $750 million. E be like say we don enter new level for the Nigerian power game!
Kehinde Hassan, wey be MD of GTI Capital, dey shine light on this matter. E talk say this deal fit change the way we dey see valuation for power-generating companies for Naija. As e be, this investment no be small fry, as e fit draw more eyes from peeps wey wan invest inside power systems and also motivate other mergers and acquisitions on top.
Hassan still yarn say this investment dey come just as Federal Government dey prepare ₦4 trillion power-sector liquidity fund, wey fit make the sector more attractive for private investment. But no be everything dey sweet; e still warn say make everybody dey observe how the new owner go take manage Geregu Power, especially the dividend culture and operational performance wey dem dey expect from the new board.
Mr. David Adonri, MD of HighCap Securities, join mouth to talk sey na high time for the new board to show their plan. All the minority shareholders dey expect say dem go create stronger value as dem don invest plenty for this power matter.
Dey tell pipo sey the deal dey represent hope for the Nigerian economy and capital market! Dr. Faruk Umar, wey be President of Association for the Advancement of Rights of Nigerian Shareholders, dey hail the investment. E commend say our people dey willing to bring their resources to support infrastructure development, and that na wetin we suppose dey encourage. E still talk say make the new owners no forget say na better governance go benefit everybody.
MA’AM Energy wey dey Abuja, don make the Otedola-led board pack their bags as the new board don enter. Senator Abdul-Aziz Yari, wey be former Governor of Zamfara State, dey lead the new jam. Other fresh dey join like Abdulkadeer Njiddah and Usman Mohammed wey sabi finance well. The outgoing CEO Akin Akinfemiwa and his Deputy Dr. Julius Omodayo-Owotuga no go far as dem go help with management transition.
For Geregu Power financials wey drop for the third quarter of 2025, dem show say total revenue reach N131.47bn, and dem jam profit before tax at N37.46bn. By March 2026, dem dey expect revenue of N57.12bn, with gross profit fit land at N22.88bn! No be small matter.
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