Otedola’s Geregu Power Plc Crosses N1 Trillion Market Capitalization

For the first time, Geregu Power Plc has crossed the N1 trillion market capitalization level, joining the SWOOT group.

At the close of trading on January 15, 2024, the only power company listed on the NGX appreciated 7.52% to close at a share price of N429, thus giving it a market capitalization of N1.07 trillion.

Femi Otedola, the major shareholder in Geregu Power Plc recently regained his billionaire status due to the appreciation of his shares in FBN Holdings and Zenith Bank.

Source: Nairametrics