Geregu Power's N22.5bn Dividend Exceeds Cash Reserves Amid Margin Pressure

Geregu Power (NGX: GEREGU), a Nigerian power company, has announced a dividend payout of N22.5 billion, surpassing its available cash reserves as profit margins dwindle. The company's decision to distribute dividends higher than its cash balance raises concerns about its financial health and operational sustainability in the face of narrowing profit margins in the power sector.