Sunday, December 5, 2021

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Total Nigeria completes name change

Total Nigeria Plc has officially concluded its change of name to TotalEnergies Marketing Nigeria Plc with the listing of the new name at the Nigerian Exchange (NGX) Limited.

To this effect, the oil firm received a new certificate of incorporation from the Corporate Affairs Commission (CAC).

The change of name was in line with the approval obtained from the company’s shareholders at its extra-ordinary general meeting held last month, TheNation writes.

According to the firm, the name change was to reflect the diversification of the downstream oil company into other energy sources.

TotalEnergies plans to invest $60 billion in renewable energy projects by 2030 with 10 per cent of the investments in Nigeria.

Executive General Manager, TotalEnergies Plc, Mrs. Bunmi Popoola-Mordi, noted that Total E & P changed its name to TotalEnergies in order to improve its ambition to be a world energy player.

She added that in 2030, the firm will raise its renewable capacity to 100gigawatts capacity.

By 2025, according to her, the company will increase its gas capacity by 12million and electric charging points to 150,000.

With the results, the board of directors of the company has announced an interim dividend of N4 per share.

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