Geregu power plant has just been listed on Nigeria Exchange Market, giving way for potential investors to invest in the power generating company.
How To Trade Geregu Power Shares On NGX
According to the direction of NGX , when you decide to invest in shares listed company on the platform, you become part owner of these companies you invest in and thus can benefit from Share price growth and/or income paid as dividends.
Also an investor is permitted to trade shares by using licensed stockbroker to buy and sell shares on his or her behalf or locally through direct market access.
NGX stated that in order to trade security listed on the Exchange, you will need to sign up with any of the Trading License Holder Firms listed on their website.
Remember that you must carefully go through the list on the website because some of the firms have been deregistered by NGX.
When you are done selecting a stockbroker firm to trade under, it is mandatory that you get information on the best trading conditions, as well as any trading fee or commission associated with the Trading.
After that, your stockbroker is saddled with the responsibility of creating and registering an account with the Central Securities Clearing System (CSCS), when the registration is complete you will get a very unique CSCS account number.
CSCS will always track the record of your holdings through the account number. After completing the CSCS registration, you will register a live trading account with your stockbroker and start trading shares.
What You Should know
Geregu power began operations in February 2007, their function is to generate electric power supply to National Grid that is managed by the Transmission company of Nigeria (TCN).
Amperion power has the highest shares in the company about 99.9% of the company.
Calvado holding (owned by femi Otedola) owns 95% of Amperion power while shangai power owns 5%.
Femi Otedola is the Chairman of Geregu power plant while Mr. Akin Akinfemiwa is the chief Executive officer.
Geregu power is the second company of Nigeria billionaire, Femi Otedola will be listing on the Exchange.
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