Browsing: Nigerian exchange main board

Nigeria currently generates roughly 4,500MW peak despite having an installed power generation capacity of over 12,000MW.

Part of the challenge has been attributed to the state of the national grid which experiences periodic grid collapses, affecting the ability of power plants to generate more power.

The Central Bank of Nigeria has also sunk in over N300 billion to aid working capital and capital expenditure spending in the sector. However, a successful listing of a power company on the Exchange could pave the way for more companies in the sector to source additional capital to fund their balance sheets.

  • Geregu Power Plc, GPP, lists on main board of the Nigerian Exchange Limited, NGX,
  • with the admittance of 2.5 billion ordinary shares of 50 kobos each at N100 per share on the Exchange.
  • However, amid high investors’ demand, Geregu Power’s stock gained 10 per cent (N10) on its first trading day on