Shareholders Of Total Nigeria Approve Name, Logo Change
Shareholders of Total Nigeria Limited have unanimously voted in support of a formal change of name of the company to TotalEnergies Marketing Nigeria Plc.
The formal name and logo change took place via voting during the Extra Ordinary General Meeting (EGM) of the company held recently in Lagos.
The event which complied with the federal government’s COVID-19 guidelines held both physically and virtually.
Speaking on the name and logo change, the Managing Director of TotalEnergies Plc., Mr Imrane Barry said the company is committed to being at the forefront of the energy landscape in Nigeria.
He said the new name and logo documents the company’s historic journey from inception to the point it is now.
“TotalEnergies mission is to produce and supply energy. TotalEnergies wants to meet the challenge of the 21st century and play an active role in the transformation that is underway in the energy industry, by remaking itself and becoming a broad energy company.
The total has become TotalEnergies, a company that is expanding in the production, transportation, trading and distribution of responsible energies to the end customer, in the belief that this integrated broad-energy strategy will constitute a value-creating competitive advantage for all of its stakeholders in the long term, and thereby ensure the company’s future health,” he stated.
He gave insight into the implication of the name change and the strategic line of the company’s investment from oil through natural gas, electricity, hydrogen, biomass, wind, and solar.
TotalEnergies has been involved in the oil and gas business in Nigeria for over 60 years. Active in the entire value chain of the oil and gas business in Nigeria, the company remains very passionate about the environment, guided by a strategy that includes operating as a responsible business that is profitable and resilient.
“We intend to eliminate routine gas flare in all our operations by 2030. He pointed to the OFON 2 project which earned more than one million dollars for Nigeria through the sale of carbon credit from the gas flare/emission reduction is achieved.”
The meeting which was moderated by the acting chairman of the board of directors of the company, Engr Rufai Sirajo had in attendance the Managing Director, Mr Imrane Barry; Company Secretary, Mrs Olubunmi Popoola-Mordi; a non-executive director, Tejiro Ibru; representatives of regulatory agencies including Security and Exchange Commission (SEC) and Nigerian Stock Exchange (NSE) were also present
