Echotitbits – Nigeria News

Tag: capital markets

  • Geregu Power Control Shifts as MA’AM Energy Takes Majority Stake

    Geregu Power Control Shifts as MA’AM Energy Takes Majority Stake

    2025-12-30 14:30:00

    According to Punch, MA’AM Energy has taken control of 77% of Geregu Power Plc following a restructuring that ends billionaire Femi Otedola’s indirect controlling interest.

    The report said the shift followed changes around the majority shareholder structure and noted the transaction was not presented as a direct share sale on the NGX.

    Geregu’s update cited in Punch said the transfer changes the controlling interest and sets up a new governance posture for one of Nigeria’s key listed generation assets.

    Premium Times reported the ownership shift and cited a source saying the deal “was valued at $750 million.” In the corporate update referenced by Punch, Geregu Power stated: “As a result of this transaction, the indirect controlling interest… has been transferred to MA’AM Energy Limited.”

    Echotitbits take: This is a strong signal that investors see real value in listed power assets. Watch for (1) capex commitments by the new controller, (2) governance changes, and (3) whether the move reshapes market expectations for other energy listings.

    Source: The Punch — December 30, 2025 (https://punchng.com/otedola-cedes-geregu-power-control-to-maam-energy/)

    The Punch 2025-12-30

    Photo Credit: The punch

  • Dangote Refinery IPO to Pay Dollar-Denominated Dividends

    Dangote Refinery IPO to Pay Dollar-Denominated Dividends

    Photo Credit:Punch Newspapers

    Aliko Dangote has disclosed that the planned initial public offering of the Dangote Refinery will feature dollar‑denominated dividends to attract global investors. He said the structure is designed to hedge against naira volatility and position the refinery as a world‑class asset in international capital markets.

    The IPO is expected to deepen liquidity on the Nigerian Exchange and provide new investment options for domestic and diaspora investors. Market watchers say the listing could become one of the largest in Africa, offering exposure to downstream petroleum revenues and non‑oil export earnings.

    Source: Punch Newspapers – 11 Dec 2025

    2025-12-12 10:00:00 Punch Newspapers – 11 Dec 2025 2025-12-11

  • PZ Cussons Suspends Africa Exit Plan, Bets on Nigeria’s Recovery

    PZ Cussons Suspends Africa Exit Plan, Bets on Nigeria’s Recovery

    Photo Credit:Punch Newspapers

    Consumer goods giant PZ Cussons has withdrawn its earlier plan to exit Africa, saying it now sees a path to recovery and growth in Nigeria after a period of macroeconomic headwinds. The company cited stabilising reforms, improving foreign‑exchange conditions and signs of demand recovery as reasons for maintaining its Nigerian operations.

    Management explained that restructuring efforts, portfolio optimisation and better pricing strategies are helping to restore profitability. The decision is expected to reassure investors, protect local jobs and sustain competition in Nigeria’s fast‑moving consumer goods market, which has been under pressure from inflation and currency depreciation.

    Source: Punch Newspapers – 12 Dec 2025

    2025-12-12 10:00:00 Punch Newspapers – 12 Dec 2025 2025-12-12