AGM Dividend Approval: At its 47th Annual General Meeting, shareholders approved a final dividend of ₦40.00 per share for FY 2024.
Source: https://independent.ng/totalenergies-marketing-nigeria-plc-shareholders-approve-%E2%82%A640-dividend-at-47th-agm/
Profit Surge: PAT surged to ₦27.82 billion in FY 2024 from ₦12.91 billion in 2023 (+115%), driven by strong revenue growth of ₦1.04 trillion (+64%). PBT also rose 140% to ₦42.27 billion.
Source: https://westernpost.ng/breaking-totalenergies-marketing-nigeria-declares-n27-82bn-profit-after-tax-in-2024/
Half-Year Recovery: For H1 2024, TotalEnergies reported ₦20.6 billion profit, rebounding strongly from weaker past results.
Source: https://insidebusiness.ng/223105/totalenergies-rebounds-hits-n20-6bn-profit-at-h1/
Energy Transition & Solar Push: The company is expanding its solar energy solutions for Nigerian homes and SMEs, aligning with its parent company’s renewable energy focus.
Source: https://services.totalenergies.ng
TotalEnergies is projecting a post-tax loss of ₦2.2 billion in Q4 2025, which would bring its full-year loss to about ₦4.5 billion if realized, partly due to rising administrative and finance costs.
Source: https://nairametrics.com/2025/09/10/totalenergies-nears-n4-5-billion-loss-in-2025-projects-n2-2-billion-q4-decline/ Nairametrics
Nigeria has signed a new production-sharing contract (PSC) with TotalEnergies for 2,000 square kilometers in the Niger Delta, its first PSC focused purely on gas under the Petroleum Industry Act of 2021 seen as a shift toward developing gas assets.
Source: https://www.reuters.com/business/energy/nigerias-totalenergies-deal-marks-shift-gas-development-2025-09-03/ Reuters
TotalEnergies was also awarded two offshore exploration licences (PPL 2000 & PPL 2001) in the West Delta Basin, covering 2,000 sq km, with drill-ready and low emissions prospects.
Source: https://totalenergies.com/news/press-releases/nigeria-totalenergies-awarded-two-offshore-exploration-permits TotalEnergies.com