Nigeria, Jan. 17 -- Geregu Power Plc has recommended the payment of a dividend of N9 per share for the 2025 financial year, subject to the approval of shareholders at the next annual general meeting.

The power generation company made the disclosure in a regulatory filing on Friday as part of the outcome of a Thursday board meeting at which its audited financial statements for last year were approved.

The planned cash distribution translates into a total payout of N22.5 billion, representing a 5.9 per cent increase over the amount it paid shareholders for the 2024 financial year.

"The closed period earlier communicated for trading in the shares of the company by Insiders and their connected persons will be lifted twenty-four (24) hours ...