Otedola’s Geregu Power Suffers N507m Forex Losses In Six Months

Nigeria’s biggest listed power company, Geregu Power Plc has suffered N507.2m in foreign exchange losses but the company recorded impressive earning during the period which was beyond experts’ prediction.

Geregu’s second quarter financial statement seen by THE WHISTLER showed that earning grew by 132 per cent to N80.6bn in June, from the N34.7bn declared in the same period of last year.