Photo Credit: The Punch
2025-12-22 08:00:00
In a report carried by Punch, Geo-Fluids Plc says it plans to raise its share capital to ₦25bn and expand into hydrocarbons, mining, and other natural-resource opportunities, subject to shareholder approval.
The company’s notice indicates the move is meant to broaden business lines and position for larger projects, with shareholders expected to vote at an AGM in Abuja.
If executed, it reflects a wider trend among Nigerian firms—raising capital and revising corporate objects to pursue scale across energy and extractives value chains.
Financial Edge reported the firm is “set to raise up to N22.87 billion in fresh capital” through options including placements and rights issues, while another market report noted it would “significantly increase its share capital” pending shareholder approval.
Echotitbits take: For investors, execution matters more than headlines: project pipeline, governance, and dilution terms. Watch the AGM resolutions, regulatory filings, and whether a clear use-of-proceeds roadmap links new capital to cash-generating contracts.
Source: The Punch — December 22, 2025 (https://punchng.com/geo-fluids-proposes-n25bn-capital-raise-hydrocarbon-expansion/)
The Punch 2025-12-22