Total Energies Marketing Nigeria Plc was incorporated in 1956 and was listed on the Nigerian Exchange Limited in 1979. Its first petrol station was commissioned at Herbert Macaulay Street, Yaba, Lagos in 1956

Key Highlights FY 2023

1. Total Energies full year 2023 audited financial statement shows a 13.81% revenue growth from ₦482 billion in 2022 to ₦635 billion in 2023 but recorded a 19.89% loss after tax.
2. Operating profit dwindled to ₦23 billion in 2023 from ₦27 billion in 2022 and incurred a 103% additional Net finance cost.
3. Profit after tax in 2023 dipped by 19.89% to ₦12billion from ₦16billion

Dividend
No interim dividend was paid during the year (2022: ₦4.00). At the board of directors meeting of 22nd March, 2024, a final dividend of ₦25.00 was proposed for the year ended 31st December, 2023 (2022: ₦21.00)