• Wednesday, July 17, 2024
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TotalEnergies shareholders approve N25 dividend per share

Chappal acquires TotalEnergies’ stake in Nigeria’s oil assets for $860m

Shareholders of TotalEnergies Marketing Nigeria Plc at its 46th annual general meeting held Friday in Lagos approved the payment of N25 dividend per share for the 2023 financial year.

Jean-Phillipe Torres, chairman, TotalEnergies Marketing Plc said the N25 per share dividend to shareholders was paid despite a challenging year, adding that it is to enable shareholders to get their best value and good return.

“2023 was a very specially difficult and challenging year but we are paying a dividend of N25. The company places a high premium on its esteemed and valued shareholders and therefore ensures good returns on their investments each year. We also keep in mind that to continue to offer these returns, the business has to remain profitable,” Torres said.

Read also: TotalEnergies strikes supply deal with Dangote on Nigerian refinery

The shareholders also express delight in the N25 dividend by TotalEnergies, reassuring commitment to push the growth of the company.

Speaking on various schemes which have been adopted by some elements to clone and adulterate lubricant products, the chairman said it has become more difficult for the lubricants to be counterfeited with the security measures which the company introduced in 2021.

“Now, we have new cans and the cans of each of our lubricant lines are colour-specific; there are additional security seals on the caps and we have a barcode for each can. All of these undoubtedly provide extensive security for our lubricant.”

Meanwhile, the shareholders felicitate with TotalEnergies on numerous awards merited within the year.

The chairman said the company is delighted to achieve the awards in collaboration with numerous stakeholders

“In validation of the Company’s efforts at its reporting which meets international standards as well as its transparency in its reporting process, TotalEnergies Marketing Nigeria Plc was awarded the “Best Company in Reporting & Transparency” at the 2023 Africa Social Enterprise and Sustainability Awards. TEMN Plc also emerged the ‘Company with the Most Sustainable Stakeholder Engagement Initiatives at the Social Impacts & Sustainability Awards 2023. We are very proud of these feats which were achieved in tandem with our stakeholders,” he said.